Crypto ATM Installations Worldwide Witness a 32% Decline
— Witness, Market, Number, Drop, Installations, Decline, Worldwide, Fell, Atms, Crypto — 1 min read
Bear market and market sell-off caused the drop in the number of crypto ATMs installed globally in 2022. The year 2022 started with 34,370 ATMs. By the end of Q1, there were approximately 36,732 ATMs. But during the closure of Q2 there were just 37,642 ATMs as per the data from Coin ATM Radar. The current crypto market has proven to be extremely difficult for different crypto firms. Many firms have paused their activities, whereas many are on the verge of closing down. There have also been instances of. criminals utilizing cryptoATMs for. defrauding. There have been instances. of. fraud in the past year. Bitcoin’s price fell by 70% from its all-time high Source