Crypto ATM market is growing exponentially with leading names like
Bitcoin Depot reporting significant revenue ($135.3 million in Q3) and
CoinFlip launching into Mexico. Forecasts predict this market's expansion until 2032. Notably, Australia is carving out a niche with a significant increase in crypto ATM infrastructures. However, depreciating counts of
Bitcoin ATMs also draw attention with over 600 machines noted missing within two months due to regulatory scrutiny and possible illicit activities. Scams at Bitcoin ATMs continue to soar, causing losses escalating up to $55M in 2024 alone, disproportionately targeting older adults. These rising trends have led to significant consumer alert campaigns on scam detection and rejection to protect consumers better. Amid these developments, the technology underpinning crypto ATMs advances, with companies such as
NCR Atleos introducing cashout features for LibertyX Bitcoin ATMs in the U.S.
Regulatory dynamics are also changing swiftly; unlicensed operators in regions like the UK and Germany are facing legal repercussions. California has also joined the ranks by strengthening Bitcoin ATM regulations and enforcing daily transaction limits.
ATM Coin News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Thu, 14 Nov 2024 14:00:00 GMT -
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- Innovation -2
- Information 5
- Rumor -4
