Last year, 2024, was nothing short of remarkable for cryptocurrencies. With several digital assets reaching new all-time highs (ATH), U.S. regulators granting approval for various spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), and Americans supporting the most blockchain-friendly administration and legislation yet, the atmosphere was charged with excitement. According to research by Finbold, these positive shifts correlated with a significant uptick in the installation of Bitcoin ATMs worldwide, with 2,217 new machines introduced over the year — marking a 6.02% year-over-year (YoY) growth.
The United States maintained its dominance in the sector, holding a substantial 81.27% of the market share. At the start of 2025, the country boasted 31,505 machines, an increase of 1,094 or 3.6% from January 1, 2024, contributing to a global total of 38,768 ATMs, according to data from Coin ATM Radar. The surge in BTC ATMs in 2024 highlights a clear link between the bullish trends in the crypto market and the growing infrastructure dedicated to digital assets.
While the U.S. led the pack, Europe displayed consistent growth in its market share, making the continent particularly noteworthy. Although the 38,768 ATMs recorded at the beginning of 2025 was slightly below the peak of 39,954 machines in December 2022, it is an impressive rebound considering that the total had dropped to 33,076 in July 2023. Unlike the broader downturn the crypto market faced during the ‘crypto winter,’ Europe managed to see steady growth and notably added 116 new ATMs in 2024. This increase, though small in comparison, constituted a 7.5% annual rise, allowing Europe to elevate its global market share from 4.23% to 4.29%, slightly chipping away at the U.S. territory, which fell from 83.2% at the start of 2024.
An intriguing detail emerged from the 2024 cryptocurrency bull market: despite Bitcoin and other digital assets reaching their ATHs in the latter part of the year, most new ATM installations occurred in the first half. By late April, there were 1,942 new BTC ATMs across the globe. Finbold reported that during the first four months of the year, an average of 485 machines were established monthly. However, the momentum took a nosedive from May onwards, plummeting to just 34 new installations per month until the year’s end.
The implications of 2024’s Bitcoin ATM growth are clear: as more people turn their sights toward digital currencies, the accessibility provided by Bitcoin ATMs plays a vital role in shaping the future of financial transactions. With installed machines spreading across different regions, the journey for adoption looks promising, inviting everyone—from crypto veterans to the curious newcomer—to engage with the digital financial landscape.