Global Cryptocurrency ATM market is expected to grow at a CAGR of 45.8%

IndustryPRwire – The global cryptocurrency ATM market is estimated to be valued at US$ 13.99 million in 2017 and is expected to register a CAGR at 45.8% during the forecast period (2017 – 2025).

High demand for digital currencies is expected to drive the cryptocurrency market growth

Cryptocurrencies have several advantages compared to conventional currencies such as limited supply, growing number of investors, growing user confidence, growing mining complexity, and substantial support by the media. In October 2013, Robocoin machine was introduced as the world’s first publicly available bitcoin machine to improve the transaction ability. The machine witnessed 348 transactions, in its first eight days of installation with an average transaction value of US$ 273. In its first installation, the ROI reported was less than a month.

Rising ROI Along With the Capability of the Two-Way Transactions are Expected to Fuel the Overall Industry Growth during the Forecast Period

Rapid increase in the number of ATMs every year has forced the ROI to set back, however, it is largely dependent on the location of deployment of the Bitcoin Automated Teller Machines (BTMs). According to Coherent Market Insights, on an average the most populated or urban areas have the highest number of transactions, that help in generating complete ROI within a span of less than a year, even if the number of visitors per day is around 1-2. According to Coherent Market Insights' analysis, the average number of new installations are expected to increase past 14 per day by 2025 driving the volume growth at over 44.6% CAGR over the forecast period. Moreover, according to Coin ATM Radar, the total number of deployments reached around 1730, as of October 27, 2017, due to high ROI and increasing popularity of the digital currencies. Also, Coin ATM Radar estimated 4.43 Bitcoin ATMs installations per day in the last seven days in October 2017.

Dissatisfaction of the users regarding large amount of commission or fee in the transaction is expected to be a major factor restraining the market growth. According to Coin ATM Radar, in 2017, average fees of 1034 machines used for buying and 380 machines for selling is around 8.82%. Moreover, cost associated with hardware, legal expenses, location rent, cash collection, and exchange services, and consumer support and some of the factors add to expenses that can demotivate the end user from adopting these solutions.

Cryptocurrency ATMs are the easiest means to buy cryptocurrencies, which also support selling of digital currencies. Due to their capability to support multiple forms of cryptocurrencies and the ability to support any national currencies across the globe, these machines have gained significant traction over the past few years. The prominent factor fueling the market growth is the proliferation of digital assets or currencies, across the globe and growing acceptance of these decentralized means of transactions.

Regional Analysis

North America dominated the global cryptocurrency ATM market share in terms of volume in 2016, accounting for 73.21% of the global market

Due to high number of deployments in the U.S., North America holds a dominant position in terms of both value and volume in the market, and the trend is expected to continue over the forecast period. Europe, Asia Pacific, Latin America and Africa are expected to contribute a significant share to the market growth.

Sample Report @ 

1. Brief Introduction to the research report.

2. Table of Contents (Scope covered as a part of the study)

3. Top players in the market

4. Research framework (presentation)

5. Research methodology adopted by Coherent Market Insights

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Competitive Insight: 

Key players in the cryptocurrency ATM market are Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, Skyhook, and LocalBitcoins.

About Coherent Market Insights 

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. 

Contact Us:

Mr. Shah

Senior Client Partner – Business Development

Coherent Market Insights


US: +1-206-701-6702

UK: +44-020-8133-4027

Japan: +81-050-5539-1737

India: +91-848-285-0837


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