Home Cryptocurrency Bitcoin ATM installations record low in May, biggest drop since 2019

Bitcoin ATM installations record low in May, biggest drop since 2019

by Gordon James

There has been a significant drop in the number of ATM installations this month, with Bitcoin ATMs dropping from six thousand to around four thousand. The timing is not coincidental, as regulators are catching up with crypto and taking steps that could limit access for customers looking to purchase cryptocurrency.

The “bitstop bitcoin atm daily limit” is a tool that allows users to find the location of Bitcoin ATMs in their area. The “biggest drop since 2019” is referring to the fact that there was a significant decrease in the number of Bitcoin ATM installations in May, which was the biggest drop since 2019.

Bitcoin (BTC) ATM installations have been steadily declining throughout 2022, with just 202 new BTC ATMs added in May, a number last seen three years ago.

Since January, the number of Bitcoin ATMs installed has gradually decreased, finally decreasing by 89.75 percent from December 2021’s 1971 new installations. However, according to Coin ATM Radar, there has been a noticeable increase in the number of Bitcoin ATMs deployed in June, with 817 being placed in only the first five days.

Bitcoin ATM installations record low in May, biggest drop since 2019Monthly change in the number of bitcoin devices added and decommissioned. Coin ATM Radar is the source of this information.

Geopolitical tensions throughout the globe, ambiguous or anti-crypto policies, market saturation, and the commercial effect of the current coronavirus epidemic are all factors leading to the delay of crypto ATM installations. 

Coin-operated ATM According to Radar’s research, the United States is home to 87.9% of the world’s 37,826 crypto ATMs. Europe as a continent has 1,419 ATMs, accounting for 3.8 percent of all ATM installations worldwide.

Bitcoin ATM installations record low in May, biggest drop since 2019Over time, the number of bitcoin machines deployed by each manufacturer has increased. Coin ATM Radar is the source of this information.

Genesis Coin, the world’s largest crypto ATM maker, retains its lead in terms of market share, accounting for 41% of all active crypto ATMs worldwide. General Bytes (21.6 percent), BitAccess (16 percent), Coinsource (5.4 percent), and Bitstop are among the other producers with significant market share (4.7 percent ).

Bitcoin Lightning Network capacity surpasses 3900 BTC, setting a new all-time high

While real-world problems may slow Bitcoin’s physical spread through ATMs, the Bitcoin network continues to beat historical records in terms of protecting, decentralizing, and speeding up the impermeable peer-to-peer (P2P) network.

Bitcoin ATM installations record low in May, biggest drop since 2019Bitcoin capacity totaled over all channels. BitcoinVisuals node is the source of this information.

The Bitcoin Lightning Network (LN) capacity reached an all-time high of 3915.776 BTC, according to Cointelegraph, based on statistics from Bitcoin Visuals, further boosting BTC transaction speeds and lowering costs over the layer-2 protocol. To solve Bitcoin’s significant scaling concerns, the Bitcoin LN was initially integrated onto the Bitcoin mainnet in 2018.

The “what is bitstop” is a question that has been asked before. Bitcoin ATM installations record low in May, biggest drop since 2019.

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