Bitcoin ATM Installations Witness Biggest Drop in May Since 2019

  • Bitcoin ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three years ago in 2019.
  • Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1971 new installations.
  • Data from Coin ATM Radar reveal an evident comeback in the installation numbers as the world saw 817 Bitcoin ATMs getting installed in June – in just the first five days.