The U.S.-based cryptocurrency ATM operator Bitcoin Depot has deployed 355 new teller machines across 40 states in the past month, pushing its global network to more than 2,500 kiosks. The expansion comes as the total number of cryptocurrency ATMs worldwide exceeds 19,300 units, nearly doubling since September 2020, according to tracking data from Coinatmradar.
Rapid Growth: Doubling Footprint in Six Months
The Atlanta-based company said the latest batch includes 20 machines in its home state of Georgia, 40 in Florida, 32 in North Carolina, 24 in Texas, and 23 in California. Most locations are open 24/7. In just six months, Bitcoin Depot has doubled its footprint and now targets 200% growth for the full year. Its ATMs support purchases and sales of three cryptocurrencies with fiat: Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). For transactions under $250, users only need a phone number for identity verification after wallet registration.
CEO: Enabling Self-Banking for the Unbanked
Bitcoin Depot President and CEO Brandon Mintz highlighted the role of crypto ATMs in financial inclusion: “Our kiosks allow people without access to traditional banking to essentially self-bank through the digital wallet on their phone, turning cash into cryptocurrency that can be used to transfer money, pay bills, or invest.” This mission aligns with global efforts to bridge the financial divide, driving the company’s aggressive expansion strategy.
Global Landscape: 19,000+ ATMs Across 73 Countries
Coinatmradar data reveals that nearly 600 companies now operate crypto ATMs, manufactured by at least 40 producers. Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) remain the most widely supported assets. The monthly installation rate has stabilized between 8% and 10% in recent periods, indicating sustained demand. As regulatory clarity improves and mainstream adoption deepens, crypto ATMs continue to serve as a critical on-ramp and off-ramp for digital currencies worldwide.