The global Bitcoin ATMs market is anticipated to reach USD 860.3 million by 2028, growing at a CAGR of over 45.0%. A crypto ATM is a sort of ATM that enables individuals to instantly transfer bitcoin through the use of an ATM machine. To buy cryptocurrency using a crypto ATM, the user must first go through KYC, then input the address of the crypto wallet into which the deposit will be made, then inject the order money through the crypto ATM, and finally finish the transaction.
Adroit Market Research report on global Bitcoin ATMs market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, challenges and regulatory scenario. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global market have been studied in detail.
The global market is segmented on the basis of type and hardware. The product segment is further broken down to one way and two way. In terms of hardware, the market is bifurcated into Display, ATM Printer, QR Scanner, Others. Because of its multifunctionality, 2-way crypto ATMs are becoming increasingly popular. A 2-way crypto ATM provides a variety of alternatives for exchanging cryptocurrency and fiat money. A 2-way ATM allows a user to purchase and sell cryptocurrency using a single machine. These ATMs are mostly found in North America. Because cryptocurrency ATMs are widely utilised by cryptocurrency investors, the market for 2-way crypto ATMs is likely to rise at a rapid pace throughout the forecast period.
Key players in the market include General Bytes, Genesis Coin, Lamassu, Bitaccess, Covault, Bitxatm, Orderbob, Rusbit.
Key segments of the global Bitcoin ATMs market
Type Overview, 2018-2028 (USD Million)
- 1 Way
- 2 Way
Hardware Overview, 2018-2028 (USD Million)
- Infection Management
End User Overview, 2018-2028 (USD Million)
- ATM Printer
- QR Scanner
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa