Bitcoin ATM Market Dynamics October 2021 | Blog

Bitcoin ATM Market Dynamics October 2021 | Blog

 

In October, the price of Bitcoin started to rise again. The month started with a price of $43,758 and increased until it reached an all-time high at $66,064 on the 20th. After that, the price decreased a bit and the month ended with $61,731. This was a 41% increase compared to the price at the beginning of October.

The speed of bitcoin ATM installations decreased compared to the previous month.

Period Start: 28461, Period End: 30290
Opened: 2119, Closed: 287, Net Growth: +1832 (6,4%)

Change by Manufacturers

NameStartEndDiff
BitAccess36154264+649 (18%)
Genesis Coin1169112278+587 (5%)
General Bytes63746709+335 (5.3%)
Bytefederal9741070+96 (9.9%)
Bitstop11671262+95 (8.1%)
ChainBytes119139+20 (16.8%)
Lamassu680697+17 (2.5%)
LightningXchange628639+11 (1.8%)
Coinsource18361841+5 (0.3%)
Ghostlab165170+5 (3%)
Cryptocurrency ATM173177+4 (2.3%)
RusBit3740+3 (8.1%)
Shitcoins Club149151+2 (1.3%)
zzBit141142+1 (0.7%)
Bcash™1718+1 (5.9%)
CryptoGo67+1 (16.7%)
BitTeller87-1 (-12.5%)
Walledo ATM75-2 (-28.6%)

As usual, BitAccess with 649 new machines (18% increase), Genesis Coin with 587 new installations (5% increase), and General Bytes with 335 new machines (5.3% increase).

Change by Operators

Operators who increased the number of machines by 4 or more over the past month:

Coin Cloud was the most active operator in October with 610 new installations (17.7% increase), followed by Bitcoin Depot with 445 new machines (9% increase), and CoinFlip Bitcoin ATMs with 194 new installations (6.9% increase).

Change by Countries

NameStartEndDiff
United States2458926301+1712 (7%)
Canada18951966+71 (3.7%)
Spain151159+8 (5.3%)
Austria131139+8 (6.1%)
Poland7985+6 (7.6%)
Hong Kong127132+5 (3.9%)
Romania9196+5 (5.5%)
Taiwan2125+4 (19%)
Czech Republic6972+3 (4.3%)
Russian Federation5356+3 (5.7%)
Belgium5053+3 (6%)
Panama1720+3 (17.6%)
Switzerland127129+2 (1.6%)
Slovakia5052+2 (4%)
Dominican Republic1517+2 (13.3%)
Greece6566+1 (1.5%)
Bulgaria2223+1 (4.5%)
Brazil2122+1 (4.8%)
Slovenia2021+1 (5%)
Netherlands1718+1 (5.9%)
Israel89+1 (12.5%)
Nigeria12+1 (100%)
Macau011
Malaysia011
Australia3736-1 (-2.7%)
France109-1 (-10%)
Singapore98-1 (-11.1%)
Kazakhstan32-1 (-33.3%)
United Kingdom9694-2 (-2.1%)
Italy6563-2 (-3.1%)
Mexico97-2 (-22.2%)
Puerto Rico3629-7 (-19.4%)

There were 1712 new machines (7% increase) in The United Stated during October. Canada had 71 new installations (3.7% increase) while Spain added 8 new machines (5.3% increase).

We can gladly notice that Macau and Malaysia added their first ATMs in October.

Cryptocurrencies Support

Find the latest stats of various cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

NameStartEndDiff
Bitcoin2822930276+2047 (7.25%)
Ether1860620389+1783 (9.58%)
Altcoins2155723210+1653 (7.67%)
Litecoin2096122585+1624 (7.75%)
Tether42675673+1406 (32.95%)
Monero2681461+1193 (445.15%)
Dogecoin84519374+923 (10.92%)
Dash48485382+534 (11.01%)
Zcash34663989+523 (15.09%)
Bitcoin Cash82718538+267 (3.23%)
Lightning BTC9145+136 (1511.11%)
Ripple255375+120 (47.06%)

The percentage of Bitcoin ATMs supporting any other cryptocurrencies than Bitcoin increased a bit and is now at 76.7%. The most added coins in September were Ether with 1783 additions (9.58% increase), Litecoin with 1624 additions (7.75% increase), and Tether with 1406 additions (32.95% increase).

Summary

In October 2021, the price of Bitcoin reached an all-time high value. The most active manufacturers were BitAccess and Genesis Coin. The United States is still the most active country when it comes to Bitcoin ATM addoption. Ether was the most added coin besides Bitcoin.



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