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Bitcoin and Cryptocurrency ATMs Market Continues to Grow Rapidly.The global market for Bitcoin and cryptocurrency ATMs is experiencing rapid growth, with an increasing number of people using these machines to buy and sell digital assets. As the adoption of cryptocurrencies continues to rise, the demand for easy and convenient ways to access them is also increasing.

According to a recent report, The global crypto ATM market size was valued at USD 116.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 62.5% from 2023 to 2030. The growth can be attributed to the increasing demand for decentralized currency and rising investments in digital assets.

Key Research Findings: The Asia-Pacific region is expected to dominate the Bitcoin and cryptocurrency ATM market, with China and Japan leading the way. North America is also a major market, with the United States accounting for the largest share of Bitcoin ATMs worldwide. With the growing adoption of cryptocurrencies, the Bitcoin and cryptocurrency ATM market is expected to continue to grow in the coming years. More and more people are looking for easy and convenient ways to access digital assets, and Bitcoin and cryptocurrency ATMs provide a simple solution. India Being 7th Biggest Nation to adopt crypto in 2023 has increased the scope of this market.

Advantages:

>Now People can get Bitcoins from the ATMs itself instead of Going here and there.>One of the main advantages of Bitcoin and cryptocurrency ATMs is that they provide a convenient way for users to access digital assets. Unlike traditional exchanges that require users to go through a lengthy verification process, BTMs allow users to buy or sell digital assets in a matter of minutes.>People who don't have bitcoins in their digital wallet can get them from ATM's and can store them in the wallet.

Disadvantages:

>There is a threat of cyber-crime and hacking.>Recently there was a decline in ATMs due to the impact of the bear market but the overall growth is still higher.

As there are two sides of each coin there are advantages as well as disadvantages of bitcoin and cryptocurrencies but the growth of the market shows an increasing trend. In conclusion, the growth of the Bitcoin and cryptocurrency ATMs market is a clear indication of the increasing mainstream acceptance of digital assets. As more individuals and businesses recognize the benefits of digital assets, the market for BTMs is expected to continue its rapid growth in the coming years.

With currently just over 7000 bidirectional machines installed in the USA, two-way Bitcoin ATMs (crypto-to-cash, cash-to-crypto) have a market share of over 22.3%. Outside of the USA and Canada, the situation is the opposite - two-way machines are in the majority. Europe is leading here; nearly 71% of all ATMs are two-way.

This shows increasing interest of people in Bitcoin being made easier through ATMs in Top countries including India.

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Key Companies Profile in the Report:

General BytesLamassuGlobal Funds Transfer (GFT)Genesis CoinBitAccessCoinsourceDBA COAVULTOrderbobCoinmeLightningXchangeByteFederalBTC facil

Segmentation By Type:1-way Model2-way ModelBy Application:Shopping MallGas Station

Segmentation By Regions/Countries:

North AmericaUnited StatesCanadaMexicoEast AsiaChinaJapanSouth KoreaEuropeGermanyUnited KingdomFranceItalySouth AsiaIndiaSoutheast AsiaIndonesiaThailandSingaporeMiddle EastTurkeySaudi ArabiaIranAfricaNigeriaSouth AfricaOceaniaAustraliaSouth America

Points Covered in The Report:> The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.> The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.> The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.> Data and information by market player, by region, by type, by application etc, and custom research can be added according to specific requirements.> The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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This release was published on openPR.

Link:
Bitcoin And Cryptocurrency ATMs Market Projected to Witness A Double Digit CAGR During 2023 - 2030. - openPR