Australia has witnessed a consistent increase in Bitcoin ATMs for 29 consecutive months, resulting in a total of 1,359 ATMs. This figure constitutes approximately 3.5% of the global total of 38,753 Bitcoin ATMs, positioning Australia as the third-largest market worldwide after the United States and Canada. Although the percentage of global ATMs is modest, Australia's growth has been significant, nearly matching the total ATMs in Europe, which numbers 1,660. On a larger scale, the United States leads with 31,516 Bitcoin ATMs, accounting for 81.3% of the market, while Canada follows with 3,027 ATMs. North America collectively holds over 90% of all crypto ATMs globally, with Europe and Oceania at 4% each, and Asia at just 0.9%. Furthermore, the increase in Bitcoin ATMs has been accompanied by a rise in scams; the FTC reported over $110 million in losses attributed to scams involving Bitcoin ATMs in 2023, highlighting the need for regulatory measures to protect users, particularly the elderly.

Source 🔗