Coinspeaker
Australia Records 1,000 Bitcoin ATMs Milestone

Active Bitcoin ATMs in Australia have now crossed the 1,000 mark, making the country the third-largest hub for crypto ATMs. As of publication, Australia now hosts an active network of 1,002 Bitcoin ATMs, and joins the United States and Canada as the only countries to achieve this feat.

Australia’s latest figure means that the country now hosts 2.7% of the global Bitcoin ATM network. Meanwhile, the data from Coin ATM Radar suggests that the US hosted its first 1,000 crypto ATMs in November 2017. Canada also hit the milestone in January 2021.

However, the US has now added many more, and is now home to 31,170 machines, an impressive 82.8% of the global Bitcoin ATMs. Canada on the other hand currently controls 2,918 crypto ATMs, accounting for 7.8% of the global lot.

Growing Adoption of Bitcoin ATMs in Australia

Interestingly, the Bitcoin ATM market was relatively inactive in Australia until the end of 2022. However, as private firms began to enter into the market, it blossomed exponentially.

The timing of this surge is noteworthy, with Australia’s ascent coinci...