Crypto ATM Market Introduction and Overview
According to SPER Market Research, the Global Crypto ATM Market is estimated to reach USD 14.19 billion by 2033 with a CAGR of 58.71%.
The report includes an in-depth analysis of the Global Crypto ATM market, including market size and trends, product mix, distribution channels, and supplier analysis. Cryptocurrency is an alternative payment method to cash, credit cards, and checks. In bitcoin, the customer transmits money without interacting with the bank. A crypto ATM is a machine that allows people to effortlessly transfer bitcoin. To purchase bitcoin through a crypto ATM, the individual must first go through KYC, then enter the address of the crypto wallet into which the deposit will be made, insert the order money through the crypto ATM, and finally confirm the transaction. Every transaction is automatically accompanied by a receipt generated by the crypto ATM. These receipts include public and private keys in the form of QR codes for greater safety.
- General Bytes has released BATMTwoUltra, which has a new functionality that allows the ATM to be configured for bidirectional (cash to crypto, crypto to cash) operations.
- Kurant installed the bitcoin machine at Volksbank Raiffeisenbank Bayern Mitte eG.
Market Opportunities and Challenges
Opportunities: Installations are rising, which is driving the growth of the cryptocurrency automated teller machine (ATM) sector. For the purpose of developing cutting-edge goods and technologies, vendors are investing heavily in R&D. They are also introducing reasonably priced bitcoin ATMs in an effort to expand nationally. In May 2021, for example, Bitcoin Depot reported that over 350 more bitcoin ATMs would be opening in the US. Consequently, the development of the cryptocurrency automated teller machine (ATM) market will be fueled by the growing quantity of new cryptocurrencies that are being introduced.
Furthermore, most countries are investing in firms that specialize in establishing cryptocurrency ATMs in order to accelerate the expansion of the crypto exchange. These firms are receiving millions of dollars in venture capital funding, implying that the need for bitcoin ATMs will increase tremendously in the next years. This appears to be a no-brainer because investors are eager to engage in these firms because they give a very reliable source of profit and hence return on investment is considerably higher than a fiat currency exchange. As a result, these variables will create a lucrative opportunity for market expansion in the next years.
Challenges: However, the lack of awareness regarding blockchain technology and cryptocurrency in some parts of the world is expected to limit industry expansion. Furthermore, higher transaction fees levied by operators to customers are projected to stymie market expansion. According to Coinsource, the average online Bitcoin ATM cost ranges from 11% to 25% of the transaction. The hurdles to the expansion of the crypto ATM business were noticed in the first months of 2023, when the number of new crypto ATMs installed decreased due to a market slowdown and geopolitical tensions around the world.
Market Competitive Landscape
The Global Crypto ATM Market is highly consolidated. Genesis Coin Inc., Lamassu Industries AG, RockitCoin, GENERAL BYTES s.r.o., Kurant GmbH, BITCOIN DEPOT, Coinsource, Cash Cloud, Inc, Bitstop, Covault, LLC. Among are the some major companies for Crypto ATM market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Offering, By Type, By Coin
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Genesis Coin Inc., Kurant GmbH, BITCOIN DEPOT, Coinsource, Cash Cloud, Inc, Bitstop, Covault, LLC, Lamassu Industries AG, RockitCoin, GENERAL BYTES s.r.o.
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COVID-19 Impact on Global Crypto ATM Market
The COVID-19 epidemic has had a huge impact on the cryptocurrency ATM sector, as customers have increased their investment in cryptocurrencies during the pandemic. Furthermore, prior to the epidemic, the rise of cryptocurrencies was moderate, but after the pandemic, there has been a large increase in investment in Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies. As a result, during the global health crisis, this has become one of the primary growth causes for the crypto ATM sector.
Key Target Audience
- Cryptocurrency Enthusiasts and Users
- Cryptocurrency Traders and Investors
- Businesses and Merchants
- Financial Institutions
- Regulators and Government Agencies
- Cryptocurrency Exchange Operators
- Entrepreneurs and Investors
- Travelers and Tourists
- Unbanked and Underbanked Populations
- Technology Enthusiasts
- Developers and Technologists
Our in-depth analysis of the Crypto ATM Market includes the following segments:
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By Offering:
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Hardware
Software
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By Type:
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One Way
Two Way
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By Coin:
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Bitcoin (BTC)
Bitcoin Cash
Coin
Dash
Dogecoin
Ethereum (ETH)
Litecoin
Tether (USDT)
Others
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Global Crypto ATM Market Size (FY’2023-FY’2033)
- Overview of Global Crypto ATM Market
- Segmentation of Global Crypto ATM Market By Offering (Hardware, Software)
- Segmentation of Global Crypto ATM Market By Type (One Way, Two Way)
- Segmentation of Global Crypto ATM Market By Coin {Bitcoin, Bitcoin Cash, Coin, Dash
- Dogecoin, Ethereum (ETH), Litecoin, Tether (USDT), Others}
- Statistical Snap of Global Crypto ATM Market
- Expansion Analysis of Global Crypto ATM Market
- Problems and Obstacles in Global Crypto ATM Market
- Competitive Landscape in the Global Crypto ATM Market
- Impact of COVID-19 and Demonetization on Global Crypto ATM Market
- Details on Current Investment in Global Crypto ATM Market
- Competitive Analysis of Global Crypto ATM Market
- Prominent Players in the Global Crypto ATM Market
- SWOT Analysis of Global Crypto ATM Market
- Global Crypto ATM Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Crypto ATM Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Crypto ATM Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Crypto ATM Market
7. Global Crypto ATM Market, By Offering (USD Million)
7.1. Global Crypto ATM Market Value Share and Forecast, By Offering, 2023-2033
7.2. Hardware
7.2.1. Display
7.2.2. ATM Printer
7.2.3. QR Scanner
7.2.4. Others
7.3. Software
8. Global Crypto ATM Market, By Type (USD Million)
8.1. Global Crypto ATM Market Value Share and Forecast, By Type, 2023-2033
8.2. One Way
8.3. Two Way
9. Global Crypto ATM Market , By Coin (USD Million)
9.1. Global Crypto ATM Market Value Share and Forecast, By Coin, 2023-2033
9.2. Bitcoin (BTC)
9.3. Bitcoin Cash
9.4. Coin
9.5. Dash
9.6. Dogecoin
9.7. Ethereum (ETH)
9.8. Litecoin
9.9. Tether (USDT)
9.10. Others
10. Global Crypto ATM Market Forecast, 2019-2033 (USD Million)
10.1. Global Crypto ATM Market Size and Market Share
11. Global Crypto ATM Market, By Offering, 2019-2033 (USD Million)
11.1. Global Crypto ATM Market Size and Market Share By Offering (2019-2026)
11.2. Global Crypto ATM Market Size and Market Share By Offering (2027-2033)
12. Global Crypto ATM Market, By Type, 2019-2033 (USD Million)
12.1. Global Crypto ATM Market Size and Market Share By Type (2019-2026)
12.2. Global Crypto ATM Market Size and Market Share By Type (2027-2033)
13. Global Crypto ATM Market, By Coin, 2019-2033 (USD Million)
13.1. Global Crypto ATM Market Size and Market Share By Coin (2019-2026)
13.2. Global Crypto ATM Market Size and Market Share By Coin (2027-2033)
14. Global Crypto ATM Market, By Region, 2019-2033 (USD Million)
14.1. Global Crypto ATM Market Size and Market Share By Region (2019-2026)
14.2. Global Crypto ATM Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. BITCOIN DEPOT
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Bitstop
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Cash Cloud, Inc
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Coinsource
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Covault, LLC
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. GENERAL BYTES s.r.o.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Genesis Coin Inc.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Kurant GmbH
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Lamassu Industries AG
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. RockitCoin
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
