The trend towards a decrease in the number of installations of new cryptomats, associated with negative events and market saturation, has stopped in the world, according to data from the analytical resource Coin ATM Radar.
In just the first five days of June, 817 cryptomats were installed, informs resource. This is a very good result considering that the number of crypto ATMs around the world has dropped dramatically during 2022.
For comparison, only 202 new cryptomats were registered in the network in May. The last time a similar number of equipment installations was observed was three years ago, in 2019. As a matter of fact, over the past five months, since January, the number of installations of crypto ATMs has gradually slowed down, falling by 89.75% compared to December 2021.
According to Coin ATM Radar data, the US is now located 87.9% of 37,826 crypto ATMs in the world. There is a network of 1,419 crypto ATMs in Europe, which is 3.8% of the total number of installed crypto ATMs in the world.
Crypto ATM maker Genesis Coin remains the market share leader in June, representing 41% of the total number of active crypto ATMs. Producers with notable market share now include General Bytes (21.6%), BitAccess (16%), Coinsource (5.4%) and Bitstop (4.7%).
In May, the American electronics manufacturer La Crosse, in partnership with Coinsource, announced that it was going to deploy a network of 800 crypto ATMs in Kwik Trips convenience stores. In April, in the building of the upper house of the Mexican parliament, the organizers of a round table on regulating the cryptocurrency industry launched a cryptomat.
Source: Bits
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