Canadian Bitcoin ATM Locations Increase 28% Since Last Year

There are currently 2,549 Bitcoin ATMs in Canada, a 28% rise over the previous year.

In Canada, the number of Bitcoin ATM installations has climbed by 28% annually. In the nation, there are 2,549 Bitcoin ATMs, second only to the United States.

Canada continues to expand the pace at which Bitcoin ATMs are installed. Currently, Coin ATM Radar data indicates a 28% increase year-over-year. There are now 2,549 Bitcoin ATMs in Canada, when there were less than 2,000 at this time last year.

Since the beginning of the year, approximately 400 Bitcoin ATMs have been installed to Canada. In January of 2022, there were 2,174 ATMs, which is impressive development given that this year has been negative. In addition, progress has been made in recent quarters.

In the second quarter of 2022, there were 2,479 ATMs, whereas in the third quarter, there were 2,545. Each quarter, around 100 Bitcoin ATMs are installed in the nation, which is much more than in most other locations.

Nearly 34,000 Bitcoin ATMs have been built in the United States, making it the nation with the most Bitcoin machines. Despite MiCA laws, Europe’s population has hit a record high of 1,466, a number that has been stable for some time. There are 38,750 Bitcoin ATMs worldwide.

Bitcoin ATMs are far less prevalent in most other nations. This might be due to a number of factors, including restrictions and the corresponding high costs.

It is thought that Canada is host to the first Bitcoin ATM in the world. A coffee establishment in the city of Vancouver established a Bitcoin ATM on October 29, 2013, about nine years ago.

Since then, Bitcoin ATMs have been performing rather well, particularly in North America. The United States may have surpassed Canada as the country with the most cryptocurrency ATMs, but Canada still holds a strong second spot.

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