(Rejected) Crypto ATM Market Expected to Reach $472 Million by 2027

According to Research and Markets, a company that provides market research services, growing markets for crypto ATM growth and adoption are expected to accelerate the global crypto ATM market to $472 million by 2027.

The study expects the crypto ATM market to grow at a compound annual growth rate (CAGR) of 59% from 2022 to 2027 during the forecast period. The market is currently valued at $46.4 million.

Escalating money transfers, especially in emerging economies, are considered a springboard for further growth in the crypto ATM market.

According to the data, other drivers include volatility in currency regulation and an increase in encrypted ATM installations globally.

CoinATM radar data shows that Bitcoin ATMs tops the list in the United States, accounting for 33,245 units, accounting for about 87.9% of all ATMs in the world. Canada has the second largest number of encrypted ATMs.

There are 35,961 ATMs in North America, accounting for 95.1% of the total number of ATMs in the world.

Europe followed closely with 3.8% of Bitcoin ATMs installed, with a total of 1,419. Asia, North America, Oceania, and Africa all account for less than 1% of the total remaining supply.

 The ongoing "crypto winter" is reflected in the number of Bitcoin automated teller machine (ATM) installations worldwide - with the rate of new installations showing a steady downward trend throughout 2022.