Bitcoin ATM Network Grows 6% in 2024 as US Leads, Europe Gains

The global Bitcoin ATM network expanded by 6.02% in 2024, with 2,217 new machines installed, bringing the total to 38,768 by January 1, 2025, according to research by Finbold. The United States maintained its dominance, hosting 81.27% of all Bitcoin ATMs, while Europe saw steady growth despite market fluctuations.

The U.S. started the year with 30,411 machines and added 1,094 new installations, though its global share slightly declined from 83.2% in January 2024 to 81.27% by 2025. Europe, on the other hand, added 116 ATMs, a 7.5% increase, boosting its market share from 4.23% to 4.29%. This growth highlights Europe’s resilience and growing interest in cryptocurrency infrastructure, even during the “crypto winter” that caused global declines in 2023.

Interestingly, the majority of Bitcoin ATM installations occurred in the first half of 2024, coinciding with the early stages of a cryptocurrency bull market. By late April, nearly 1,942 new machines had been deployed, averaging 485 installations per month. However, from May to December, the pace slowed dramatically to just 34 machines per month, despite Bitcoin and other cryptocurrencies reaching record highs in November.

Andreja Stojanovic, a co-author of the research, noted, “By late April, there were 1,942 new BTC ATMs worldwide. This means that between January and April, an average of 485 machines were installed monthly. Between May and December, however, the number collapsed to 34.” This trend suggests that infrastructure growth may precede market peaks as companies anticipate increased demand.

While the total number of Bitcoin ATMs at the start of 2025 fell short of the all-time high recorded in December 2022 (39,954 machines), the year’s rebound from the July 2023 low of 33,076 demonstrated the market’s resilience. The correlation between crypto market cycles and ATM growth highlights how digital asset adoption drives physical infrastructure.

As Europe continues its steady ascent and the U.S. faces slight declines in market share, the dynamics of Bitcoin ATM installations in 2025 may reveal further shifts in the global cryptocurrency landscape.