PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887180
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887180
The global crypto ATM market is witnessing explosive growth as digital currencies become increasingly mainstream among individuals, retailers, and financial service providers. According to the latest industry analysis, the market was valued at USD 232.14 million in 2024 and is projected to surge to USD 356.72 million in 2025, ultimately reaching an extraordinary USD 7,575.85 million by 2032. This reflects a powerful CAGR of 54.70% over the forecast period, showcasing the rapid global shift toward cryptocurrency-based financial services. In 2024, North America dominated the market with an 89.00% share, making it the clear leader in global adoption and deployment of crypto ATMs.
A crypto ATM is a self-service electronic machine that enables users to buy or sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, and others in exchange for cash or debit transactions. These internet-connected kiosks simplify crypto transactions by offering fast and user-friendly offline access without requiring complex online exchange procedures. The global rise in cryptocurrency adoption for payments, investments, and remittances is significantly accelerating market demand.
Market Growth Drivers
The increasing acceptance of cryptocurrencies as legal tender and investment assets continues to fuel the expansion of crypto ATM installations globally. The number of active crypto ATMs has risen dramatically-from just 9 installations in 2013 to more than 37,700 by the end of 2024, according to CoinATMRadar. This massive surge reflects growing consumer confidence, higher transaction convenience, and enhanced regulatory frameworks. Manufacturers are also focusing on cloud-based ATM systems that support real-time operations and multi-coin transactions, further boosting market penetration.
The growing adoption of AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations has helped increase trust among businesses and end-users, encouraging wider use of these kiosks. Retailers, supermarkets, gas stations, and hospitality businesses are increasingly installing crypto ATMs to attract tech-savvy customers and enhance service offerings.
Market Restraints
Despite rapid growth, the market faces challenges such as regulatory uncertainty and strict compliance requirements. Countries including China, India, and the U.K. enforce restrictive policies or bans that limit crypto ATM operations. High transaction fees-ranging between 5% and 20%-compared to online crypto exchanges also create adoption barriers for cost-sensitive users.
Market Opportunities
Emerging economies in South America, Africa, and Southeast Asia present remarkable growth potential due to large unbanked populations and increasing adoption of digital currencies for financial inclusion. Countries experiencing currency instability, such as Argentina, Venezuela, and Nigeria, are seeing expanding interest in crypto ATMs as a means to hedge against devaluation. Vendors are also exploring opportunities in commercial centers, hospitality sectors, and transport hubs to introduce crypto ATMs as value-added financial services.
North America remains the dominant region, holding USD 206.63 million in 2024. The U.S. hosts leading manufacturers-including Bitcoin Depot, Genesis Coin, Byte Federal, Bitstop, and General Bytes-resulting in the world's largest network of active crypto ATMs. The U.S. market alone is expected to reach USD 286.72 million in 2025, driven by continuous installations across retail outlets, gas stations, and supermarkets. By the end of 2024, the U.S. accounted for 30,100 crypto ATMs, representing approximately 88% of the global installations.
Europe is projected to reach USD 21.58 million in 2025, supported by regulatory developments such as the MiCA framework. Spain leads the region with 313 installations, while Germany is expected to reach USD 4.16 million in 2025.
Asia Pacific is expected to reach USD 13.57 million in 2025, making it the fastest-growing region. Australia and New Zealand have shown remarkable adoption, witnessing exponential growth in crypto ATM installations between 2022 and 2024.
Competitive Landscape
Major global players-such as Bitcoin Depot Inc., RockItCoin, Genesis Coin Inc., GENERAL BYTES, Bitstop, Byte Federal, and Bitaccess-lead the market through continuous product innovation, expanding kiosk networks, strategic partnerships, and upgrades to blockchain-based software systems. Companies are focused on strengthening security, reducing transaction fees, and supporting multiple cryptocurrencies to attract wider user bases.
Segmentation By Component
By Type
By Coin Type
By Application
By Region
Companies Profiled in the Report * Bitcoin Depot Inc. (U.S.)