Crypto ATM Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Type (One Way and Two Way), By Coin Type (Bitcoin, Ethereum, Litecoin, Dogecoin, and Others), By Application (Standalone Units, Commercial Spaces, Transportation Hubs, and Restaurants & Other Hospitality Spaces), and Regional Forecast, 2025 – 2032

The global crypto ATM market size was valued at USD 232.14 million in 2024. The market is projected to grow from USD 356.72 million in 2025 to USD 7,575.85 million by 2032, exhibiting a CAGR of 54.70% during the forecast period. North America dominated the market with a share of 89.00% in 2024.

A crypto ATM is a type of electronic kiosk that enables customers to buy or sell the cryptocurrency in exchange for traditional currency or debit. These are internet-connected kiosks designed for transactions of digital currencies such as Bitcoin, Ethereum, Litecoin, and others. The increasing adoption of cryptocurrencies for investment and transaction plays a vital role in fueling market growth.

Manufacturers are increasingly focusing on the deployment of cloud-based crypto kiosks to provide easy access to digital assets without requiring complex online transactions. Thus, a growing focus on digital currency transactions and technological advancements plays an important role in driving market growth during the forecast period.

The market is dominated by established key players such as Bitcoin Depot Inc., RockItCoin, Bitstop, and Byte Federal, Inc., offering hardware equipment required in Bitcoin ATMs, including displays, printers, QR code scanners, and others. Furthermore, players such as Genesis Coin Inc., General Bytes s.r.o., and Bitaccess provide software solutions such as WhalesBooks.com, CAS software, and other Software Development Kits (SDK). These players focus on offering a wide range of Bitcoin ATMs supporting Bitcoin, Ethereum, Litecoin, Dash, and other types of cryptocurrency. In addition, they aim to deploy their Bitcoin ATMs in multiple countries across the globe at lower transaction fees.

The COVID-19 pandemic had a positive impact on the market, as it forced many investors to explore digital currency as a hedge against inflation and traditional market instability. This strategy boosted demand for cryptocurrency ATMs, as customers found it a convenient method to buy or sell crypto without using online exchanges. Additionally, the deployment of Bitcoin ATMs increased during 2021-2023, as governments across the globe introduced stringent rules and policies to maintain transparency in Bitcoin ATM operations.

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According to CoinATMRadar, by 2015, there were 500 cryptocurrency ATMs worldwide, and at the end of 2021, the number increased to around 35,100. Further, at the end of 2024, the number increased to approximately 37,700 ATM installations worldwide. Thus, this skyrocketing growth of crypto ATM installation across the globe fuels the market growth.

MARKET DYNAMICS

Market Drivers

Rising Adoption of Cryptocurrencies Among Individuals and Businesses to Drive Market Growth

Cryptocurrencies are gaining global acceptance as many governments across the globe consider digital currency as legal tender, which is fueling market expansion. Owing to this factor, businesses and individuals are significantly using cryptocurrencies for investment and transaction purposes. Due to this, the number of cryptocurrency ATM installations has risen from 9 ATMs in 2013 to reach over 37,000 ATMs worldwide. The availability of these kiosk machines enables customers and businesses to buy and sell digital currency conveniently. By realizing the potential of the market, multiple manufacturers started to deploy their Bitcoin ATMs with each passing year. In addition, these machines need to follow the AML/KYC (anti-money laundering and know your customer) regulations, which helped the vendors gain the trust of customers to use these machines.

Market Restraints

Regulatory Uncertainty and Compliance Issues May Hinder Market Growth

The regulatory compliance for cryptocurrency usage varies from country to country. Many governments across the globe have uncertain or restrictive regulations regarding crypto ATMs. Further, AML (Anti-Money Laundering) and KYC (Know Your Customer) laws require compliance, making operations more complex and costly. The U.K., China, India, and others, have stringent regulations or bans on cryptocurrency-related services across their country. Moreover, these kiosks charge higher transaction fees, varying from 5% to 20%, which is comparatively higher than the online exchange platforms. Thus, these factors are expected to hinder market growth.

Market Opportunities

Expansion in Emerging Markets May Create Lucrative Opportunities for Market Growth

Emerging regions such as South America, the Middle East & Africa, and Southeast Asia have large numbers of unbanked populations. Deployment of crypto ATMs in these regions can provide financial inclusion by allowing people to accept digital currency without requiring a bank account. In addition, countries that are facing currency devaluation, such as Argentina, Venezuela, and Nigeria may witness the adoption of cryptocurrency ATM as a growth opportunity to strengthen their economy. This creates a lucrative opportunity for market players to expand their footprints in emerging markets. For instance,

• In January 2025, BitBase expanded its crypto ATM network in Argentina, owing to the rising popularity of digital currency in the country. The company announced plans to install more kiosks in several cities of Argentina.

Crypto ATM Market Trends

Rising Support from Retailers and Businesses is Creating Market Trend

Post-pandemic, retail stores require a high volume of customers to maintain profits. To achieve their targets, they have started to deploy Bitcoin ATMs in multiple retail outlets. Soon, Bitcoin ATMs quickly became omnipresent in many retail stores worldwide. They have started to accept crypto payments to encourage customers to use cryptocurrency ATMs for payments and transactions. Further, many retail outlets and financial service firms are engaged in partnerships with crypto ATM providers to increase the adoption. This factor helped to showcase the skyrocketing growth of the market. For instance,

• In February 2024, Bitcoin Depot Inc. engaged in a partnership with a retail store operator in the U.S. to install its Bitcoin ATMs. Additionally, the company aims to deploy its kiosks in 63 stores across multiple states in the U.S. to expand its footprint in retail stores.

SEGMENTATION ANALYSIS

By Component

Rising Demand for Secure and Durable Kiosk Machines Boosts Hardware Segment

Based on component, the market is bifurcated into hardware and software.

Hardware segment captured the largest market share in 2024, as crypto users expect secure and high-speed transactions when they visit kiosk machines. High-speed internet connectivity ensures smooth and fast transactions in real time. These ATMs are built with tamper-proof attachments to prevent fraud. Cash dispensers and bill validators are designed with high-security to ensure cash transactions.

Software is anticipated to grow at the highest CAGR during the forecast period, as touchscreen interfaces and multilingual support enable customers to operate kiosk machines easily, even if they are beginners. The interactive guide displayed over the interface helps users easily navigate for purchases and withdrawals of their digital assets. This segment captured 68% of the market share in 2024.

By Type

Lower Operational Costs and Faster Transaction Speed Boosted Popularity of One-Way ATMs

Based on type, the market is divided into one way and two way.

One way captured the largest market share in 2024. A buy-only or sell-only ATMs has less complex hardware as it does not consist of a cash dispenser for withdrawal, making it cheaper to install and maintain. Furthermore, as these ATMs allow users to only buy or sell digital currency, it reduces the transaction steps, making the process quick and easier for beginners. This segment is expected to capture a share of 82% in 2025.

Two way is expected to grow at the highest CAGR of 59.70% during the forecast period (2025-2032), as two way ATMs generate more transaction volume, leading to higher profits from both buying and selling fees. The availability of two-way transactions makes customers regularly use crypto ATMs, owing to their easy access to buy and sell options.

By Coin Type

Market Dominance and High Demand Among Customers Fuel Adoption of Bitcoin-Supported ATMs

Based on coin type, the market is classified into bitcoin, ethereum, litecoin, dogecoin, and others (dash, tether, etc.).

Bitcoin captured the largest market share in 2024, as it is the most widely recognized and adopted cryptocurrency. In 2013, Bitcoin was the first digital currency introduced in the market, and currently, it has the largest market capitalization and user base. Thus, manufacturers also prefer to install Bitcoin-supported ATMs worldwide to attract more customers. This segment is poised to reach a market share of 52% in 2025.

Litecoin is anticipated to grow at the highest CAGR of 58.40% during the forecast period (2025-2032), as it processes transactions 4 times faster than Bitcoin. Litecoin’s network handles more transactions per second than Bitcoin, making it more efficient for high-volume ATMs. Also, Litecoin transactions have lower fees, making it a better option for small frequent transactions at ATMs.

By Application

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Increased Adoption of Digital Payment Boosts Popularity of Bitcoin ATM in Restaurants

Based on application, the market is categorized into standalone units, commercial spaces, transportation hubs, and restaurants & other hospitality spaces.

Restaurants & other hospitality spaces captured the largest market share in 2024. Restaurants and hotels are increasingly installing Bitcoin ATMs to attract more tech tech-savvy and international travelers who prefer digital payments. The adoption of kiosk machines makes hotels and restaurants stand out from their competitors as innovative and forward-thinking businesses. This segment is set to be capture 37% of the market share.

Commercial spaces are expected to grow at the highest CAGR of 57.90% during the forecast period (2025-2032), as businesses in shopping malls, office buildings, and retail stores observe the crypto ATM industry as a new financial service. The availability of such kiosk machines brings in new visitors and increases overall customer numbers. In addition, shopping malls and large stores are increasingly engaging in partnership with ATM providers to fuel the market growth.

CRYPTO ATM MARKET REGIONAL OUTLOOK

North America

North America held the largest crypto ATM market share valued at USD 135.51 million in 2023 and USD 206.63 million in 2024, as the U.S. and Canada have a large population of crypto users, traders, and investors, making Bitcoin ATM demand higher. The U.S. government and FinCEN (Financial Crime Enforcement Network) require AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance, making it easier for businesses to integrate online Bitcoin ATMs legally. In addition, many retail stores, gas stations, shopping malls, and restaurants in the region are installing kiosk machines to provide additional financial services. These factors bolster the market growth across the region.

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In the U.S., the presence of large numbers of Bitcoin ATM manufacturers, such as Bitcoin Depot, RockItCoin, Genesis Coin Inc., Bitstop, Byte Federal, Inc., KIOSK Information Systems, and others, are increasingly engaging in strategic partnership with retail stores and businesses to install Bitcoin ATMs in their facilities to promote digital currency. The U.S. market is expanding, projected to be valued at USD 286.72 million in 2025. This factor plays an important role in fueling market growth across the U.S. For instance,

• According to Coin ATM Radar, the U.S. dominates the market with a Bitcoin ATM installation base of 30,100 by the end of 2024. It captures approximately 88% of the global market based on the number of Bitcoin ATM installations worldwide.

Europe

Europe is the second largest market, anticipated to hit USD 21.58 million in 2025, exhibiting a CAGR of 58.20% during the forecast period (2025-2032). In Europe, the market is growing at a prominent pace. The implementation of the Markets in Crypto-Assets (MiCA) regulation aims to standardize crypto operations across European Union (EU) member states. The implementation of this regulation is expected to influence the deployment and operation of cryptocurrency ATMs. In the region, Spain leads the market with presence of around 313 Bitcoin ATMs, reflecting proactive adoption strategies.

However, in the U.K., the number of Bitcoin ATMs tanked by more than 88% in March 2022, owing to the ban imposed by the U.K.’s Financial Conduct Authority (FCA) on illegally operating ATMs across the country in March 2021. Germany is expected to reach a valuation of USD 4.16 million in 2025.

Asia Pacific

Asia Pacific is the third leading region estimated to be valued at USD 13.57 million in 2025 and is expected to grow at the highest CAGR during the forecast period. In the region, Australia has witnessed skyrocketing growth, with installations increasing nearly 17-fold over two years to reach from 73 ATMs in 2022 to 1,107 ATMs by 2024. In addition, New Zealand has observed prominent growth in the market, going from zero kiosks in 2023 to 157 kiosks by the end of 2024. For instance,

• In September 2023: Olliv, a fintech company, deployed its first Bitcoin ATM in New Zealand. Through this deployment, Olive became the first company to install a Bitcoin ATM in New Zealand. The company aims to enable every customer in the country to use cryptocurrency conveniently.

In the region, discussions are taking place regarding legalizing and adopting cryptocurrency in Thailand, India, and China. These factors are contributing to propel the market growth in the region. Japan is set to be worth USD 0.99 million in 2025.

Rest of World

The Middle East and Africa (MEA) and South America are expected to showcase noteworthy growth during the forecast period. Rise in the number of Bitcoin ATM installations, partnerships between commercial places and crypto ATM manufacturers and growing adoption of the ATMs in restaurant sectors to attract large numbers of tourists are playing a vital role in fueling the crypto ATM market growth across the region. For instance,

• According to the Coin ATM Radar, in South America, Colombia leads the region with 46 Bitcoin ATMs followed by Panama with 17 ATMs, Argentina with 13 ATMs, and Brazil with 9 ATMs in 2024.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Leading Firms are Adopting M&As to Stay Ahead of the Competition

 Market participants are expanding their global presence by offering tailored services. They are strategically focusing on acquisitions and collaborations with regional players to maintain dominance. Top market participants are introducing innovative products to gain a significant customer pool. Substantial investments in R&D to create novel products also supports market development. Hence, leading firms are integrating these strategies initiatives to stay ahead.

 List of Crypto ATM Companies Studied:

•  Bitcoin Depot Inc. (U.S.)
• RockItCoin (U.S.)
• GENERAL BYTES s.r.o. (Czech Republic)
• Genesis Coin Inc. (U.S.)
• Byte Federal, Inc. (U.S.)
• Bitaccess (Canada)
• Lamassu Industries AG (Switzerland)
• Bitstop (U.S.)
• KIOSK Information Systems (U.S.)
• Coinsource (U.S.)
• Bitxatm (Germany)
• Covault, LLC (U.S.)
• Coinme (U.S.)
• Orderbob (Austria)
• Kurant GmbH (Austria)
• Olea Kiosks Inc. (U.S.)
• Cryptomat (U.S.)
• ChainBytes LLC (U.S.)
• Cambio.finance (U.S.)
• Localcoin (Canada)

       ….and more

KEY INDUSTRY DEVELOPMENTS:

• December 2024: RockItCoin extended its Bitcoin accessibility in Australia by expanding its Bitcoin ATM networks across the country. The company’s ATMs are available across Victoria, New South Wales, South Australia, and Queensland, making it easy for Australians to buy Bitcoin with cash.
• April 2024: RockItCoin expanded its Bitcoin ATM network by over 100 new machines across several states, such as Texas, Colorado, Tennessee, Georgia, and Arkansas. With this expansion, the company’s total Bitcoin ATM deployment number reached over 2,500 locations across the U.S.
• November 2023: Athena Bitcoin Global entered into a strategic partnership with Genesis Coin. Through this partnership, Athena Bitcoin Global aims to enable Lightning Network technology for their technology infrastructure across South America and EI Salvador.
• January 2023: Bitstop acquired Genesis Coin, a U.S.-based Bitcoin ATM software provider. Through this acquisition, Bistop aims to expand its global footprint and improve its ATM services worldwide.
• May 2022: Coinsource engaged in a partnership with Kwik Trip, a chain of convenience stores across the U.S. Through this collaboration, the company aims to enable every American to access crypto at low rates. To achieve its target, the company plans to deploy its kiosk machines in essential, convenient locations.

INVESTMENT ANALYSIS AND OPPORTUNITIES

Key players operating in the market, such as General Bytes s.r.o., Bitaccess, Genesis Coin Inc., Bitstop, and RockItCoin are ensuring their ATMs are enabled with updated Blockchain technology to support multiple cryptocurrencies with real-time transaction speed. Deploying technologically updated ATMs prevents kiosks from fraud, hacks, and software vulnerabilities. Industries such as healthcare, retail, and financial sectors are significantly investing in Bitcoin ATMs to attract large number of foot traffic. This creates lucrative growth opportunities for vendors to boost their revenue growth.

 REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

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REPORT SCOPE & SEGMENTATION