Top 8 Companies Leading the Global Crypto ATM Market

Genesis Coin Inc., GENERAL BYTES s.r.o., Byte Federal, Inc., AtmMachines.com, LLC, Lamassu Industries AG, Bitaccess Inc., Cambio Finance, CoinSolution, and ATM OPS LLC. among others are the major players in the global crypto ATM market.

The global crypto ATM market size reached approximately USD 87.35 million in 2023. The market is projected to grow at a CAGR of 45.7% between 2024 and 2032, reaching a value of around USD 2,584.55 million by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the growing adoption of and the rising popularity of cryptocurrencies, as more individuals seek convenient ways to buy and sell digital currencies.

Crypto ATM market growth is driven by the increasing demand for cryptocurrency automated teller machines and kiosks that allow users to buy or sell various cryptocurrencies such as Ethereum and Bitcoin using cash or credit/debit cards. These machines often function similarly to traditional ATMs, the only difference being that these machines are designed specifically for cryptocurrency transactions.

The trend of consumers turning to crypto ATMs as easier and more accessible means of purchasing and selling digital assets is an important driver of the crypto ATM market growth. These Crypto ATMs provide simple ways for anyone to purchase and trade cryptocurrency using fiat money. These devices have proliferated in a variety of settings, such as financial districts, convenience stores, and shopping centers, which has helped the market witness the adoption of cryptocurrencies by the general public.

The crypto ATM market development is led by the growing adoption of cryptocurrency globally along with regulatory changes that continue to impact the industry. Partnerships and collaborations also help make the user experience more seamless. In May 2024, a fueling station chain in the US, Nouria, partnered with Bitcoin Depot and installed payment kiosks, also known as BTMs (Bitcoin Teller Machines) in 57 stores across New England. In September 2023, Olliv, a leading fintech company, announced its expansion plans into New Zealand, to become the first Bitcoin ATM operator in the country. As of April 2024, Australia recorded a rise in the number of active cryptocurrencies ATMs where the number stood at 1,007, making Australia the third-largest network of fiat-to-crypto machines.

Top 8 Crypto ATM Companies in the World:

Genesis Coin Inc.

Genesis Coin Inc. is a leading player in the bitcoin ATM industry, credited with launching the world's first Bitcoin ATM. They offer the gateway to the digital currency world through their machines and their kiosks and also enable the effortless buying and selling of the cryptocurrency bitcoin for cash which helps facilitate seamless transactions. Genesis Coin Inc. is trusted by large operators, including publicly traded companies.

GENERAL BYTES s.r.o.

With over a decade in Bitcoin and crypto ATM, manufacturer and software provider industry, GENERAL BYTES s.r.o. is a market leader when it comes to pioneering the integration of Android, Bitcoin, and blockchain technologies. The company operates in 60+ countries and has deployed over 11,700+ crypto ATMs across these regions, ensuring freedom, privacy, and truth as core values, making them a trusted partner for businesses in the Bitcoin ATM arena.

Byte Federal, Inc.

Byte Federal, Inc. operates out of the US and is a leading bitcoin ATM operator, dedicated to further financial autonomy through cryptocurrency. They offer bitcoin ATMs, training, support, and software development in the Bitcoin ecosystem. Their focus on merchant point-of-sale systems reflects their commitment to enabling self-banking and financial independence. Their goal is to utilize the financial technological revolution to restore economic power to individuals.

AtmMachines.com, LLC

AtmMachines.com, LLC is a provider of ATM systems, management, services, and transaction processing, offering clients cost-effective solutions when compared to traditional banking ATM programs. The company operates out of Georgia in all 50 states and serves a range of businesses from theatres and concert venues to convenience stores and restaurants. Their product ‘ChainBytes 2-way’ is a self-standing Bitcoin ATM, making it a perfect solution for enterprising clientele.

Lamassu Industries AG

Specialising in manufacturing hardware and developing source-available software, Lamassu Industries AG emphasises simplicity and transparency. Individuals or businesses that wish to use Bitcoin ATMs as a source of income in a financial market far from saturation are asked by the company to pay a flat fee for tech and software support, and updates. Lamassu Bitcoin ATMs are more decentralised than other online exchanges which makes them more trustworthy since they do not have custody of any user’s funds.

Bitaccess Inc.

Bitaccess Inc. is a privately held company operating in the domain of software and maintenance services for Bitcoin and other cryptocurrency ATMs for businesses in the finance and retail sectors across the globe. They specialise in the development of software solutions for their clients ranging from start-ups to Fortune 500 companies in over 15 countries worldwide. Their product Bitaccess BTM is an enterprise solution for scaling and launching Bitcoin ATM operations.

CoinSolutions

The company provides superior-quality comprehensive hardware and software solutions to individuals and businesses aspiring to start operations in the cryptocurrency ATM space. Bitcoin ATMs also referred to as BTMs by CoinSolutions provide security, privacy and reliability owing to peer-to-peer transactions which do not require bank account details or personal information of users. BTMs offer quick access to fiat and crypto which makes them ideal for users in urgent need.

ATM OPS INC “Bitstop”

Bitstop is hailed as one of the world's leading Bitcoin ATM software platforms and is aimed at simplifying the purchase and sale of cryptocurrencies which enhances convenience and accessibility. The introduction of Bitcoin changed the landscape of money and Bitstop. The firm manufactures user-friendly ATMs which are designed for a seamless initial signup process ensuring user-friendliness.