Crypto ATM Market

Convenience in transactions provided by Crypto ATMs

Crypto ATMs, or Automatic Teller Machines, provide a fast and secure trading experience that is truly unique to other technologies. A buy order transaction will be complete as soon as money has been inserted into the ATM and so will a sell order. The customer won't need to wait several days to receive cash. In addition, crypto ATMs make it easier for customers to trade with ease since users do not need an account or online wallet. Also, there is no lengthy public key or blockchain address setup required and once they've made the deposit, they can begin trading immediately.

The rapid surge of startups and increasing investment in the crypto world

Thus, these factors will result in a lucrative opportunity for growth for the market over the coming years.

The increasing acceptance of cryptocurrencies as a legitimate form of payment is a primary driver of the Global Crypto ATM Market Industry. As more businesses and consumers embrace digital currencies, the demand for accessible transaction points rises. For instance, major retailers and online platforms are beginning to integrate cryptocurrency payment options, which enhances the visibility and utility of crypto ATMs. This trend is expected to contribute to the market's growth, with projections indicating a market value of 1.36 USD Billion in 2024 and a staggering 33.1 USD Billion by 2035, reflecting a robust CAGR of 33.71% from 2025 to 2035.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the Crypto ATMs market. North America is home to several prominent crypto ATM manufacturers, such as Bitcoin Depot, Coin Cloud, and CoinFlip. Installing crypto ATMs in public places is gaining significant traction in the United States in particular. For instance, Williston, North Dakota announced in November of 2021 that it would become home to a crypto ATM at its main airport that would allow those passing through to buy and sell digital currencies.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: CRYPTO ATM MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia Pacific regional market for the two-way cryptocurrency ATM industry is projected to expand significantly over the next few years. Several factors for the growth of the regional market are continuous installations of two-way crypto ATMs across APAC countries such as the Philippines and in addition frequent launches of 5G technology. Besides that, another crucial aspect is the relationships between organizations and their partners.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development such as new product releases, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Crypto ATM industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Crypto ATM industry to benefit customers and expand the market sector. Major market players, including Cash Cloud Inc, Genesis Coin Inc, Kurant, Covault, and others, are attempting to increase market demand by funding R&D initiatives.

Cash Cloud Inc is the creator of payment software that enables customers to use their smartphones to make payments. The company offers community payments, cards, coupons for promotions, and unique localized offers via mobile cell phones, enabling users to make digital payments without problems. The program also assists users in sending money and paying at brick-and-mortar and online retailers.

RockItCoin is a well-known pioneer in the cryptocurrency industry and a leading provider of blockchain technology with its main office in Chicago, Illinois. To fulfill its objective of making cryptocurrencies accessible to the general public, the firm has established a countrywide network of bitcoin ATMs and is focusing on worldwide development.