The Global Crypto ATM market is projected to record a CAGR of 56.4% during 2030 due to the growing adoption of cryptocurrencies across the globe.

MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Crypto ATM Market.

Market Research Future has published a research report on the Global Crypto ATM Market, 2022–2030. The global Crypto ATM market is projected to exhibit a CAGR of 56.4% during the forecast period of 2022 to 2030.

Market Research Future has recognized the following companies as the key players in the global Crypto ATM market: BITCOIN DEPOT, Bitstop, Cash Cloud, Inc, Coinsource, Covault, LLC, GENERAL BYTES s.r.o., Genesis Coin Inc., Kurant GmbH, Lamassu Industries AG, and RockitCoin among others.

Market Highlights

The global Crypto ATM market is projected to record a CAGR of 56.4% during the forecast period.

Cryptocurrency is the alternative form of payment to cash, credit cards, and even checks. Cryptocurrency is a digital currency that can be sent from one user to another on a peer-to-peer network without going through a financial institution. It is important to note that ATMs also let users deposit and withdraw amounts most commonly in fiat as well. An ATM for cryptocurrency is an electronic business tool for exchanging the crypto types of currencies. These establishments are over-promoted in major cities. Cryptocurrencies ATMs provide more flexibility for users. Rather than having to go online to make a transaction, the machine can be found in various locations around the world, making it easier for people who are busy and on the go. Additionally, the surge of digital currency popularity and the increase in the number of crypto investors will only help boost the overall market growth of these ATMs because they're typically favored by younger generations.

The global health crisis is affecting the crypto ATM market. The COVID-19 pandemic has increased Bitcoin's investment value around the world, with consumers interested in buying into cryptos due to a widespread fear being caused by this deadly virus, especially among people who live in areas affected by the pandemic. But not only has the pandemic brought growth and massive financial gains for investors who sat on the Bitcoin bandwagon (or any other cryptocurrency), but it's also given things like crypto ATMs more exposure, as more people discover how easy it is to use them thanks to more investments accumulating for their makers.

Segmental Analysis

The global Crypto ATM market has been segmented based on offering, type, coin, and region.

By offering, the global Crypto ATM market has been segmented into hardware and software. The hardware segment is estimated to hold the largest market share in the global Crypto ATM market for the year 2022. Whereas the software segment is expected to witness rapid growth at the highest CAGR during the forecast years. The software helps in ensuring seamless connectivity between the crypto ATM and the cloud. As a result, providers can have full access to their customers' wallets and accounts. The software also ensures that providers maintain control over what transactions are happening with their customers.

Based on type, the global Crypto ATM market has been segmented into one way and two way. The two-way segment is expected to gain the highest market share in the global Crypto ATM market over the forecast period. This is because the two-way crypto ATMs allow users to both buy and sell cryptocurrencies, unlike the one-way ATMs that only allow either one of the options. Innovative strategies, such as new product launches, will help fuel the market growth over time.

By coin, the global Crypto ATM market has been segmented as Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin, Bitcoin Cash, Dash, Tether (USDT), and others. The Bitcoin (BTC)  segment held the largest market share in the global Crypto ATM market in 2021. Bitcoin is becoming a widely accepted payment method worldwide. More and more people are investing in Bitcoin ATMs, which may increase demand in the future. Financial service providers are starting to adopt bitcoin services as well, which could lead to an increase in professional BTC services.

Regional Analysis

Geographically, the global Crypto ATM market has been categorized as North America, Europe, Asia-Pacific, and Rest of the World. As of 2021, North America constituted a dominant share of the Crypto ATM market as the region is home to numerous key market players and cryptocurrencies are gaining rapid popularity in the countries of the region. Asia Pacific is expected to grow with the highest CAGR during the forecast period as the region comprises many emerging countries that have large young populations.