Bitcoin ATM Market Dynamics March 2021

Bitcoin ATM Market Dynamics March 2021

The price of Bitcoin Continued with the upward trend in March. The month started with a price of $45,114 and rose until it finally broke the 60k mark and got to $61,259 on 14th to set the highest price in history. March ended with $58,730 which is a price 30% higher than the one at the beginning of the month.

Bitcoin ATM Market Dynamics March 2021 1

The speed of bitcoin ATM installations maintained a stable rise between 8-10%.

Period Start: 16157, Period End: 17591
Opened: 1649, Closed: 215, Net Growth: +1434 (8.9%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 6226 6835 +609 (9.8%)
General Bytes 4401 4786 +385 (8.7%)
BitAccess 1556 1699 +143 (9.2%)
Bytefederal 339 409 +70 (20.6%)
Coinsource 1177 1245 +68 (5.8%)
LightningXchange 473 524 +51 (10.8%)
Bitstop 476 524 +48 (10.1%)
Lamassu 620 645 +25 (4%)
zzBit 85 97 +12 (14.1%)
Cryptocurrency ATM 61 72 +11 (18%)
Shitcoins Club 134 142 +8 (6%)
ChainBytes 56 62 +6 (10.7%)
Intellogate 1 4 +3 (300%)
Bitcoin D.A.V.E. 5 6 +1 (20%)
Trovemat 30 29 -1 (-3.3%)
wBTCb 22 21 -1 (-4.5%)
Cryptomatic 11 10 -1 (-9.1%)
BTC facil 9 8 -1 (-11.1%)
BitTeller 8 7 -1 (-12.5%)
White Edge 2 1 -1 (-50%)

The order at the top of the Manufacturers list is similar to the previous month. Genesis Coin is at the top with 609 new machines (9.8% increase) followed by General Bytes with 385 new installations (8.7% increase ) and BitAccess with 143 new machines (9.2% increase).

Change by Operators

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

Name Start End Diff
Bitcoin Depot 1850 2171 +321 (17.4%)
CoinFlip Bitcoin ATMs 1718 1961 +243 (14.1%)
CoinCloud 1474 1601 +127 (8.6%)
Bitcoin of America 826 937 +111 (13.4%)
RockItCoin 852 937 +85 (10%)
Byte Federal, Inc. 339 409 +70 (20.6%)
Coinsource 754 820 +66 (8.8%)
DigitalMint 494 545 +51 (10.3%)
Bitstop 561 609 +48 (8.6%)
Cash2Bitcoin.com 160 197 +37 (23.1%)
Localcoin 372 407 +35 (9.4%)
CoinUnited.io 17 36 +19 (111.8%)
BudgetCoinz, LLC 88 106 +18 (20.5%)
Kurant 149 163 +14 (9.4%)
Just Digital Coin 236 249 +13 (5.5%)
Bitbox ATM 120 131 +11 (9.2%)
Coinhub 19 30 +11 (57.9%)
Quad Coin 234 244 +10 (4.3%)
Unbank 196 205 +9 (4.6%)
Bitcoin Well 115 124 +9 (7.8%)
Shitcoins Club 134 142 +8 (6%)
BitNational 96 103 +7 (7.3%)
Cryptobase 79 86 +7 (8.9%)
CoinHere 31 38 +7 (22.6%)
HODL Bum 60 66 +6 (10%)
Hermes Bitcoin 2 8 +6 (300%)
Instabit ATM 0 6 6
Värdex Suisse 67 72 +5 (7.5%)
Coin Time 9 14 +5 (55.6%)
Cryptonite ATM 6 11 +5 (83.3%)
HoneyBadger 139 143 +4 (2.9%)
Cottonwood Vending 79 83 +4 (5.1%)
Hodl Digital Services 68 72 +4 (5.9%)
CoinGenie 28 32 +4 (14.3%)
Hippo BTM 12 16 +4 (33.3%)
EmpireBit 10 14 +4 (40%)

There is a similar situation on the Operators list. Like in February, Bitcoin Depot was the most active operator with 321 new machines (17.4% increase) followed by CoinFlip Bitcoin with 243 new installations (14.1% increase). The difference is that in March CoinCloud was the third most active with 127 new machines (8.6% increase).

We are glad to notice that US-based Operator Instabit ATM installed their first 6 machines in March.

Change by Countries

Name Start End Diff
United States 13385 14686 +1301 (9.7%)
Canada 1197 1267 +70 (5.8%)
Hong Kong 83 98 +15 (18.1%)
Austria 148 155 +7 (4.7%)
Switzerland 101 108 +7 (6.9%)
Greece 51 57 +6 (11.8%)
Spain 102 106 +4 (3.9%)
Romania 71 75 +4 (5.6%)
Germany 49 52 +3 (6.1%)
Poland 71 73 +2 (2.8%)
Ukraine 24 26 +2 (8.3%)
Australia 23 25 +2 (8.7%)
Netherlands 18 20 +2 (11.1%)
Finland 11 13 +2 (18.2%)
Brazil 4 6 +2 (50%)
Italy 52 53 +1 (1.9%)
Georgia 26 27 +1 (3.8%)
Dominican Republic 15 16 +1 (6.7%)
Taiwan 13 14 +1 (7.7%)
VietNam 8 9 +1 (12.5%)
Thailand 8 9 +1 (12.5%)
Singapore 7 8 +1 (14.3%)
Philippines 2 3 +1 (50%)
El Salvador 1 2 +1 (100%)
Indonesia 0 1 1
Japan 0 1 1
Malaysia 0 1 1
South Korea 0 1 1
Cambodia 0 1 1
Slovakia 50 49 -1 (-2%)
Hungary 49 48 -1 (-2%)
Panama 15 14 -1 (-6.7%)
Ghana 2 1 -1 (-50%)
Iran, Islamic Republic of 1 0 -1 (-100%)
United Kingdom 183 181 -2 (-1.1%)
Ireland 34 32 -2 (-5.9%)

The increase of Bitcoin ATMs in the United States continues to grow. There were 1301 new machines in March (9.7% increase). The number of machines in Canada grew by 70 (5.8% increase). Hong Kong was again the third most active country last month with 15 new installations (18.1% increase).

March turned out to be a significant month when it comes to global adoption, having in mind that 5 countries had the first Bitcoin ATM installed on their soil: Indonesia, Japan, Malaysia, South Korea, and Cambodia.

Cryptocurrencies Support

Find the latest stats of various cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

Name Start End Diff
Dogecoin 628 2724 +2096 (333.76%)
Bitcoin 16091 17581 +1490 (9.26%)
Altcoins 11038 12493 +1455 (13.18%)
Ether 9413 10684 +1271 (13.5%)
Litecoin 10696 11856 +1160 (10.85%)
Bitcoin Cash 4643 5015 +372 (8.01%)
Dash 3051 3408 +357 (11.70%)
Tether 619 645 +26 (4.2%)
Monero 181 200 +19 (10.5%)
Ripple 121 128 +7 (5.79%)
Zcash 98 102 +4 (4.08%)
Lightning BTC 13 13 0

The percentage of Bitcoin ATMs supporting any other cryptocurrencies than Bitcoin increased and is now at 71%. Due to its recent price surge, Dogecoin was by far the most added coin in March with 2096 additions (333.76% increase). Ether was second with 1271 additions (13.5% increase) followed by Litecoin with 1160 additions (10.85% increase).

Summary

In March 2021, the price of Bitcoin crossed the 60k mark to set the highest value record again. Genesis Coin and General Bytes continue to be the most active Manufacturers. The United States is still dominating the countries list. Dogecoin was the most added coin in March.

Published at Tue, 06 Apr 2021 21:11:23 +0000

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