Stock Groups

Crypto ATM Market Size Worth $1.88 Billion By 2028

by Mike Robinson

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CAGR : 59.2% Grand View Research, Inc.| CAGR: 59.2%: Grand View Research, Inc.

Global crypto ATM market volume is anticipatedAccording to Grand View Research, Inc., the market will reach USD 1.88 Billion by 2028, growing at a CAGR (59.2%) between 2022 and 2028.Market growth is due to an increase in crypto users. This has led to the need for crypto ATMs which can convert cryptocurrency to fiat money. TripleA, an cryptocurrency payment company reports that around 300 million people owned crypto worldwide by 2021.

Key Insights & Findings from the report:

  • Market share was dominated by the one-way segment in 2021. Segment growth was accelerated by the increased demand for one-way crypto ATMs from customers, owing to seamless transaction options.
  • It was the dominant market segment in 2021. Crypto ATM hardware providers are focusing on strategic partnerships and mergers & acquisitions to improve their product offerings
  • In 2021, the bitcoin market dominated. In 2021, the market grew due to the legalization of Bitcoin in various countries around the world.
  • This market was dominated by restaurants and other hospitality venues in 2021. Many hotels are now using crypto ATMs to keep up with changing customer demands.
  • Asia Pacific’s growing use of digital currency in countries like Australia, Thailand and Taiwan will drive growth.

There are many benefits that crypto ATMs provide to their users. Users of cryptocurrency have easier trading options. Users don’t need to open an account, or use long-public keys. Crypto ATMs create receipts by default for transactions. These receipts include both private and public keys, in the form QR codes.

As part of their efforts to digitize their products and improve customer experience, several retailers have begun to offer crypto ATM services. Walmart (NYSE:) has announced that it will be partnering with Coinstar, a coin-cash exchange company, and Coinme in October 2021. Walmart will install 200 Bitcoin ATMs at its stores across the U.S. as part of this partnership.

It is likely that the COVID-19 outbreak will play an important role in the development of the market. People were encouraged to invest more in cryptocurrency during the COVID-19 epidemic because of lower access fees. U.S. Consumer Crypto Survey revealed that 48% Americans had purchased cryptocurrencies between H1/ 2021 and H1/ 2021.

Segmentation of the Market:

Grand View Research has divided the crypto ATM market by type, offering type, coin type and application.

  • Crypto ATM Type Outlook (Revenue, USD Million, 2017 – 2028)
  • Crypto ATM Offering Outlook (Revenue, USD Million, 2017 – 2028)
  • Crypto ATM Coin Type Outlook (Revenue, USD Million, 2017 – 2028)
  • Crypto ATM Application Outlook (Revenue, USD Million, 2017 – 2028)
    • Commercial Spaces
    • Restaurants & Other Hospitality Spaces
    • Transport Hubs
    • Individual Units
    • Other
  • Crypto ATM Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
    • Europe
    • Asia Pacific
      • Australia
      • Thailand
      • Taiwan
    • Latin America
    • Middle East & Africa

Liste of key players in the crypto ATM market

  • GENERAL BYTES, s.r.o.
  • Genesis Coin Inc.
  • Lamassu Industries AG
  • Covault
  • Bitaccess Inc.
  • Coinme
  • Coinsource
  • Coin ATM Radar
  • Orderbob
  • Cryptomat

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