The global market for crypto ATMs is currently valued at $87.35 million and is expected to reach $2.58 billion by 2032. This means the market could grow by about 45.7% each year. Experts believe this growth is happening because more people are using cryptocurrency. Governments are also working to create friendly rules for digital currency, which helps build interest in crypto ATMs.
The report shows that traditional banks and crypto ATM providers are beginning to work together. Their goal is to make transactions safer and more reliable. This kind of teamwork could help more people feel at ease using these machines.
Some companies are also growing their crypto ATM networks internationally. CoinFlip, a company based in the U.S., is one example. They have expanded their business into countries like Mexico, Australia, and Brazil. The U.S. remains their largest market, but the company’s growth abroad shows that demand for crypto ATMs is rising in other countries too.
However, not all countries fully support these ATMs; most of them also implement deep scrutiny. For instance, in 2023, the U.K.’s Financial Conduct Authority (FCA) inspected some locations in East London, suspecting illegal crypto ATMs. In 2024, they charged operators in London for running crypto ATMs that processed a high volume of transactions. Multiple facilities in and around the city were suspected of housing machines that allowed clients to buy or convert traditional currency into crypto assets like Bitcoin.
Crackdown on Illegal Crypto ATMs Intensifies in UK
This shows that while crypto ATMs are becoming more popular in some places, other areas remain cautious. Overall, the global market for crypto ATMs seems set to grow as more people adopt cryptocurrency and have started to see crypto as a normal part of their financial life.
