Bitcoin ATM installations record low in May, biggest drop since 2019

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Bitcoin ATM installations record low in May, biggest drop since 2019
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The slowdown continues: Just 202 bitcoin ATMs were installed in May, worldwide. Lowest in three years.

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.Some of the key factors contributing to the slowdown of crypto ATM installations include geopolitical tensions across the world, unclear or anti-crypto regulations, market saturation and business impact due to the ongoing coronavirus pandemic.confirms that the United States is home to 87.9% of the total 37,826 crypto ATMs worldwide.

Crypto ATM manufacturer Genesis Coin maintains its position as the leader in terms of the market share, representing 41% of the total operational crypto ATMs across the globe. Other manufacturers with prominent market share include General Bytes , BitAccess , Coinsource and Bitstop .

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