United States Crypto ATM Market Report and Forecast 2024-2032

United States Crypto ATM Market Size

The United States Crypto ATM market is projected to grow at a CAGR of 47.5% between 2024 and 2032. The market is being aided by the growing popularity of cryptocurrencies.

United States Crypto ATM Market Outlook

• 6% of the United States population does not have a bank account.

• Based on coin type, Bitcoin ATMs are the most popular crypto ATMs in the USA.

• One-way crypto ATMs dominate the market in the United States.

United States Crypto ATM Market Growth

The increasing acceptance of cryptocurrencies in the USA, driven by the desire for multiplying wealth in the long term, is aiding the market. The proliferation of cryptocurrency exchanges and the growth of the digital economy is attracting millennials towards investing in cryptocurrencies for short-term growth. Every 1/5 of Americans aged 18-34 desire to own cryptocurrencies upon retirement. This is expected to increase the demand for cryptocurrencies and drive the market growth in the forecast period.

Crypto ATMs are commonly found across multiple gas stations and malls in the USA. These ATMs can provide cash to a person without a bank account, which enhances the ease of accessibility to money. Some crypto ATMs have bi-directional functionality, which allows the sale of cryptocurrencies seamlessly and securely, without exchanging any personal information. This is expected to drive their popularity among customers in the forecast period.

Between 2020-2024, the number of BTMs (Bitcoin Teller Machines) recorded a five-fold increase in the USA, reaching 31,100 units. New York is expected to witness a significant surge in the installation of BTMs, as regions with high population density provide a lucrative market expansion opportunity for major companies. The average transaction fees levied on the purchase and sale of bitcoins in the USA are 5% and 8% respectively.

United States Crypto ATM Industry Segmentation

United States Crypto ATM Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Offering

• Hardware

• Software

Market Breakup by Type

• One Way

• Two Way

Market Breakup by Coin Type

• Bitcoin

• Dogecoin

• Ethereum

• Litecoin

• Others

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States Crypto ATM Market Share

Based on type, the market is divided into one way and two way. As cryptocurrencies come to be regarded as a financial asset rather than an instrument of payment, the presence of two way crypto ATMs across the USA is expected to surge in the forecast period.

Leading Companies in the United States Crypto ATM Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Bitcoin Depot Operating, LLC

• GPD Holdings LLC

• ATM Ops LLC

• RockItCoin, LLC

• Athena Bitcoin Inc.

• LSGT SERVICES LLC

• PowerCoin, LLC

• Byte Federal, LLC

• Digital Access, LLC

• WESTCLIFF TECHNOLOGIES, INC.

• Others

Major players operating in the market are developing crypto ATMs that offer enhanced flexibility and privacy amid evolving customer demands.

Key Highlights of the Report