The global crypto ATM market size was US$ 76 million in 2021. The global crypto ATM market size is forecast to reach US$ 4,322 million by 2030, growing at a compound annual growth rate (CAGR) of 57.6% during the forecast period from 2022 to 2030.
Cryptocurrency is the other options form of payment to cash, credit cards, and checks. Without using the bank, the customer transmits money using cryptocurrencies directly. The term “crypto ATM” refers to an ATM from which users can quickly transfer bitcoin. The person must first complete KYC, then enter the address of the cryptocurrency wallet they want to deposit money into, insert the money they want to order, and then confirm the transaction. For each transaction, the crypto ATM automatically generates a receipt. For security reasons, these receipts have public and private keys encoded as QR codes.
Download free sample of this report :-https://www.quadintel.com/request-sample/crypto-atm-market-2/QI038
Factors Influencing Market Growth
Among the factor driving the global market include the increasing need for cryptocurrencies and the growing number of crypto adopters advancing a shift in the investment paradigm caused by the surge in the younger population.
Restricted acceptance of cryptocurrencies as a legal tender, and fewer locations & a lack of availability of ATMs and kiosks may slow down the overall market growth.
The rising number of startups increasingly investing in cryptocurrencies and generating profits aiming for a higher return on investment is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global crypto ATM industry. The market saw a slight decline in 2020 as a result of the pandemic’s forced implementation of strict containment measures, lockdowns, widespread movement restrictions, social isolation, and a quarantine period. However, the market saw a rise in the first quarter of 2021 due to the development of crypto ATMs, which allowed users to send and receive cryptocurrencies online without having to make any physical contact.
Regional Analysis
North America garnered a substantial share in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the enormous network operators of hardware and software utilized in the creation of Crypto ATMs. In addition, a promising investment background, with no legal restrictions and a boom in startup activity in Canada, particularly in the bitcoin sector. Additionally, the presence of leading companies like Bitcoin Depot, Coin Cloud, and CoinFlip. Thus, these factors boost the market growth in the region.
Request full Report Description, TOC, Table of Figure, Chart, etc : –https://www.quadintel.com/request-sample/crypto-atm-market-2/QI038
Leading Competitors
The leading prominent companies profiled in the global crypto ATM market are:
Bitstop
Cash Cloud, Incorporated
Coinsource
Covault, LLC
GENERAL BYTES s.r.o.
Genesis Coin Incorporated
Kurant GmbH
Lamassu Industries AG
RockitCoin
Other Prominent Players
Scope of the Report
The global crypto ATM market segmentation focuses on Type, Offering, Coin Type, and Region.
Segmentation based on Type
One Way
Two Way
Segmentation based on Offering
Hardware
o Display
o ATM Printer
o QR Scanner
o Others
Software
Download free sample of this report :-https://www.quadintel.com/request-sample/crypto-atm-market-2/QI038
Segmentation based on Coin Type
Bitcoin (BTC)
Litecoin
Ethereum (ETH)
Dogecoin
Dash
Tether (USDT)
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Request Full Report : –https://www.quadintel.com/request-sample/crypto-atm-market-2/QI038
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
- Robust, detailed segmentation
- In-depth analysis in all geographies.
- Detailed breakup in various segmentation.
- Rigorous primary and secondary research
We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website : https://www.quadintel.com/