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Global Crypto ATM Market Size, Share, Trends, Forecast: By Offering: Hardware, Software; By Type: Hardware, Software; By Type: One Way, Two Way; By Coin Type: Bitcoin, Dogecoin, Ethereum, Litecoin, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Crypto ATM Market Outlook
The global crypto ATM market size reached approximately USD 87.35 million in 2023. The market is further estimated to grow at a CAGR of 47% in the forecast period of 2024-2032, reaching a value of around USD 2,774.15 million by 2032.
Key Trends in the Market
Crypto ATM is an internet-connected kiosk that offers the provision of exchanging cash for cryptocurrencies such as Bitcoin or Ethereum, among others. This ATM provides users the facility to scan the QR code corresponding to their crypto wallet for the transfer of crypto coins.
- Growing diversification of cryptocurrencies is one of the key crypto ATM market trends. Manufacturers are offering cryptocurrencies beyond Bitcoin, Dogecoin, and Ethereum for sale at these ATMs to aid users in mitigating investment risks.
- Two-way crypto ATMs that offer both buy and sell functionality are gaining robust popularity among users as they provide the facility of acquisition and liquidation of crypto coins in one place, enhancing user convenience.
- Several traditional ATMs now offer the feature of purchasing cryptocurrencies such as Bitcoin and Ethereum, which also provides impetus to the crypto ATM market growth.
- Market players are adopting strategic measures such as partnerships and collaborations to enhance their crypto ATM offerings by extending the range of digital currencies available at their ATMs.
Market Analysis
Based on offering, the market is bifurcated into hardware and software. On the basis of type, the market is classified into one way and two way. The crypto ATM market segmentation, on the basis of coin type, includes Bitcoin, Dogecoin, Ethereum, and Litecoin, among others. The major regional markets of crypto ATM are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the crypto ATM market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Genesis Coin Inc.
- GENERAL BYTES s.r.o.
- Byte Federal, Inc.
- AtmMachines.com, LLC
- Express Systems USA Inc.
- Lamassu Industries AG
- Bitaccess Inc.
- Cambio Finance
- CoinSolution
- ATM OPS LLC.
- Others
Market Share by Coin Type
Bitcoin occupies a significant portion of the global crypto ATM market share due to its widespread usage as a digital payment method across the world. As its excellent security and protection feature makes it a viable investment option for users, financial service providers are integrating Bitcoin facilities into their service portfolio. Meanwhile, Litecoin is anticipated to witness sizeable growth in the forecast period as it can handle a high volume of transactions compared to Bitcoin.
Market Share by Region
As per the crypto ATM market analysis, North America accounts for a substantial share of the global market due to the extensive network of cryptocurrency users in the region. The surge in the deployment of crypto ATMs in public places such as airports, gas stations, and malls also supports the market. Efforts by market players to enhance the functionalities of their ATM machines and gain a competitive edge further provide lucrative opportunities for the market expansion. Simultaneously, the Asia Pacific is expected to register itself as a fast-growing market due to the proliferation of digital currencies in countries like China and India, among others.
Competitive Landscape
Genesis Coin Inc., incorporated in 2013, is an autonomous provider of Bitcoin ATM machines. The company, based in Florida, the United States, offers superior quality ATMs with features such as high-definition cameras, EMV card readers, and electronic locking systems, among others.
GENERAL BYTES s.r.o. is one of the major manufacturers of crypto ATMs, founded in 2013 and headquartered in Prague, Czech Republic, and Bradenton, Florida, the United States. Its product portfolio also includes cryptocurrency accounting software, cash dispensers, cash boxes, and conversion kits, among others.
Byte Federal, Inc., established in 2016, is a Bitcoin ATM provider, with its headquarters in Florida, the United States. The company also offers ByteWallet for the management of crypto transactions and ByteConnect to sell goods and services for cryptocurrency.
Other crypto ATM market players include AtmMachines.com, LLC, Express Systems USA Inc., Lamassu Industries AG, Bitaccess Inc., Cambio Finance, CoinSolution, and ATM OPS LLC., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
|
| Breakup by Type |
|
| Breakup by Coin Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Crypto ATM Market Analysis
8.1 Key Industry Highlights
8.2 Global Crypto ATM Historical Market (2018-2023)
8.3 Global Crypto ATM Market Forecast (2024-2032)
8.4 Global Crypto ATM Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Crypto ATM Market by Type
8.5.1 One Way
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Two Way
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Crypto ATM Market by Coin Type
8.6.1 Bitcoin
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Dogecoin
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Ethereum
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Litecoin
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Crypto ATM Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Crypto ATM Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Crypto ATM Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Crypto ATM Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Crypto ATM Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Crypto ATM Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Genesis Coin Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 GENERAL BYTES s.r.o.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Byte Federal, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AtmMachines.com, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Express Systems USA Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lamassu Industries AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bitaccess Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Cambio Finance
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 CoinSolution
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 ATM OPS LLC.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Crypto ATM Market: Key Industry Highlights, 2018 and 2032
2. Global Crypto ATM Historical Market: Breakup by Offering (USD Million), 2018-2023
3. Global Crypto ATM Market Forecast: Breakup by Offering (USD Million), 2024-2032
4. Global Crypto ATM Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Crypto ATM Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Crypto ATM Historical Market: Breakup by Coin Type (USD Million), 2018-2023
7. Global Crypto ATM Market Forecast: Breakup by Coin Type (USD Million), 2024-2032
8. Global Crypto ATM Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Crypto ATM Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Crypto ATM Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Crypto ATM Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Crypto ATM Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Crypto ATM Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Crypto ATM Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Crypto ATM Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Crypto ATM Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Crypto ATM Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Crypto ATM Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Crypto ATM Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Crypto ATM Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 87.35 million.
The market is projected to grow at a CAGR of 47% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 2,774.15 million by 2032.
The major market drivers are a rapid surge in digitalisation and a rise in the popularity of cryptocurrencies as a digital payment method.
The key trends of the market include growth in the diversification of cryptocurrencies, the growing popularity of two-way crypto ATMs, and the increasing convenience of purchasing cryptocurrencies in several traditional ATMs.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various coin types are Bitcoin, Dogecoin, Ethereum, and Litecoin.
The key players in the market are Genesis Coin Inc., GENERAL BYTES s.r.o., Byte Federal, Inc., AtmMachines.com, LLC, Express Systems USA Inc., Lamassu Industries AG, Bitaccess Inc., Cambio Finance, CoinSolution, and ATM OPS LLC., among others.
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