Net Bitcoin ATMs growth drops globally for the first time ever

The domino effect of a prolonged bear market seeped into the (BTC) ATM ecosystem as September 2022 recorded negative growth in global net installations for the first time in history — primarily driven by a slowdown in the United States.

The total number of Bitcoin ATMs installed over time fell to 37,980 in Sept. from an all-time high of 38,776 ATMs in August — resulting in a drop of -2.05%, as evidenced by data from CoinATMRadar.

The number of Bitcoin machines installed over time. Source: CoinATMRadar
The net change of cryptocurrency machines number installed and removed monthly. Source: CoinATMRadar