The past year saw a notable expansion in the global network of Bitcoin ATMs, with 2,217 new machines being installed, marking a 6.02% increase from the previous year. As of January 1, 2025, the total number of Bitcoin ATMs reached 38,768.

Research indicates that the United States continued to hold a significant lead in this space, accounting for 81.27% of all Bitcoin ATMs by year-end. The U.S. began 2024 with 30,411 machines and successfully added 1,094 installations throughout the year, signaling its sustained prominence in the market. Nevertheless, its overall share declined slightly from 83.2% in January 2024 as Europe began to capture a larger portion of the market.

Europe demonstrated resilience despite industry-wide downturns, adding 116 ATMs in 2024, which equates to a 7.5% increase and raises its market share from 4.23% to 4.29%. This steady growth underscores an increasing interest in cryptocurrency infrastructure on that continent, irrespective of global market fluctuations.

Interestingly, the majority of new ATM installations took place during the first half of 2024, coinciding with the onset of a cryptocurrency bull market. By late April, approximately 1,942 new machines had been deployed, translating to an average of 485 installations per month. However, in the latter half of the year, from May to December, the growth rate slowed dramatically, averaging just 34 new machines per month, even when Bitcoin and other digital assets reached record highs in November. This trend suggests that the expansion of infrastructure may not always align with market peaks but could anticipate forthcoming demand.

Despite the total number of Bitcoin ATMs at the dawn of 2025 being below the all-time high of 39,954 machines recorded in December 2022, the rebound from a low of 33,076 ATMs in July 2023 showcases the market’s resilience.

The relationship between cryptocurrency market cycles and ATM growth illustrates how the adoption of digital assets influences the development of physical infrastructure. With Europe on the rise and the U.S. experiencing slight reductions in market dominance, the landscape of Bitcoin ATM installations in 2025 is poised for further evolution in the global cryptocurrency ecosystem.