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© Reuters.

As the digital asset market continues to evolve, the use of cryptocurrency ATMs grows with it. Over the past decade, nearly 40,000 cryptocurrency ATMs have popped up worldwide.

(BTC) ATM service provider, Bitcoin of America, had carved out a slice of the market but recently closed shop in the United States State of Connecticut due to a lack of proper licensing.

Connecticut closure explained

Operating crypto ATMs is harder than it looks

Who’s leading the global crypto ATM race?

The United States has the lion’s share of crypto ATMs globally. Source: Coin ATM Radar

The future of crypto ATMs