Bitcoin Depot, a U.S.-based cryptocurrency ATM operator, has announced the deployment of 355 new teller machines across the United States in the past month, marking another step in the rapid buildout of physical access points for digital assets. The expansion comes as the number of crypto-fiat exchange ATMs and teller machines worldwide has risen to more than 19,300 units, according to industry tracking data.
Bitcoin Depot Expands Across 40 U.S. States
The Atlanta-headquartered company said the newly installed machines were deployed across 40 states. The state-by-state breakdown included 20 new kiosks in Georgia, 40 in Florida, 32 in North Carolina, 24 in Texas, and 23 in California. According to the company, most of these locations are open 24/7, giving customers round-the-clock access to crypto purchasing services.
The latest rollout follows an earlier announcement in March, when Bitcoin Depot said it had launched 115 new machines. Its kiosks are designed for registered users who already have a digital wallet and want to buy cryptocurrency using cash. For transactions under $250, the company said users only need to provide a phone number for identity verification, lowering the barrier to entry for smaller purchases.
Bitcoin Depot said it has now installed more than 2,500 crypto ATMs worldwide, with the majority located in the United States. The company added that it has doubled its footprint in just six months and expects total growth to reach 200% this year. At present, its kiosks support the purchase and sale of BTC, LTC, and ETH using fiat currency.
Crypto ATMs as an On-Ramp for Underserved Users
Bitcoin Depot President and CEO Brandon Mintz said cryptocurrency can open new opportunities for people who lack access to traditional financial services. In his view, the company’s kiosks allow users to convert cash into crypto through a mobile wallet, creating a practical way to transfer money, pay bills, or invest without relying entirely on conventional banking channels.
This positioning has become a recurring theme in the crypto ATM industry. Operators often frame these machines as a retail on-ramp for users who are either new to digital assets or underserved by mainstream financial institutions. By combining cash acceptance with mobile wallet connectivity, crypto teller machines can function as a bridge between physical currency and blockchain-based value transfer.
Global Crypto ATM Count Continues to Climb
The broader market is expanding alongside Bitcoin Depot’s growth. Data compiled by tracking platform Coinatmradar shows that there are now more than 19,300 ATMs and teller machines offering crypto-fiat exchange services across 73 countries. That figure is nearly double the number recorded in September 2020, underscoring how quickly the sector has scaled over a relatively short period.
According to the same dataset, these machines are operated by nearly 600 companies and manufactured by at least 40 producers. The most widely supported digital assets across the market include BTC, BCH, ETH, and LTC, reflecting continued demand for the largest and most established cryptocurrencies in retail-facing infrastructure.
Coinatmradar’s market dynamics report published in April found that the pace of new installations maintained a steady increase of between 8% and 10% during the previous monthly period. While installation growth can vary by region and operator, the trend points to sustained momentum for physical crypto access points even as online exchanges remain dominant.
What the Expansion Signals for the Crypto Market
The rise in crypto ATM deployments suggests that demand for in-person access to digital assets remains meaningful, especially in markets where cash is still widely used. For some customers, a physical kiosk may offer a simpler and more familiar way to enter the crypto ecosystem than opening an account on a centralized exchange. For operators, expanding machine counts also helps improve geographic reach and brand visibility.
Bitcoin Depot’s latest rollout illustrates this strategy clearly: scale up location density, target multiple states at once, and make machines available in high-access retail settings. The company’s concentration in the U.S. aligns with the country’s leading position in crypto ATM adoption, while the global figures show that other regions are also contributing to the sector’s growth.
Although crypto ATMs represent only one segment of the broader digital asset infrastructure market, their expansion offers a visible sign of mainstream retail integration. As more companies deploy machines and add support for major cryptocurrencies, physical on-ramps may continue to complement exchanges, apps, and online brokerages in bringing crypto services to a wider audience.