Product Code: PM3870
The global crypto atm market size is expected to reach USD 632.51 billion by 2032, according to a new study by Polaris market research. The report "Crypto ATM Market Share, Size, Trends, Industry Analysis Report, By Type of Coin (Bitcoin, Ethereum, Dogecoin, Litecoin, and Others); By Type; By Offering; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cryptocurrency provides an alternative to conventional payment methods such as cash, credit cards, and checks, enabling direct fund transfers without the need for a bank intermediary. A Crypto ATM facilitates convenient cryptocurrency transactions for individuals. To acquire cryptocurrency through a Crypto ATM, users need to complete KYC verification, enter the recipient's crypto wallet address, deposit the specified amount via the ATM, and confirm the transaction. Each transaction generates an automatic receipt from the Crypto ATM, which includes public and private keys in the form of QR codes for added security.
The expanding realm of cryptocurrency worldwide enables individuals and businesses to engage in the global economy without relying on traditional financial intermediaries.
The COVID-19 pandemic has significantly spurred the demand for crypto ATMs. With a substantial decline in the use of traditional cash dispensers during the pandemic, there has been a notable surge in the demand for cryptocurrency. Many countries are now investing in startups that focus on crypto ATMs to bolster the growth of cryptocurrency exchanges. Consequently, these factors have played a pivotal role in expanding the size of the crypto ATM market amidst the pandemic situation.
Factors affecting the growth of the crypto ATM market are rising security concerns and high operational costs. Given the nature of cryptocurrency, security is paramount. Both operators and users need assurance that transactions are secure and funds are protected. Instances of hacking or fraud can erode trust in the technology and hinder adoption.
Similarly, setting up and maintaining a network of Crypto ATMs can be capital-intensive. Factors such as hardware, software, security measures, and regulatory compliance can all contribute to high operational costs, potentially limiting profitability.
Crypto ATM Market Report Highlights
In 2022, the one-way segment held the largest market share, mainly due to technological advancements.
The software segment is expected to witness the highest growth during the forecast period on account of enhanced accessibility.
The Bitcoin segment held a significant revenue share in 2022, mainly due to worldwide acceptance.
North American region dominated the largest market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments across its countries.
The global key market players include: Bitaccess Inc., Coin Cloud, CoinFlip Solutions LLC, GENERAL BYTES s.r.o., Robocoin Kiosk, etc.
Polaris market research has segmented the crypto ATM market report based on type, offering, type of coin, and region:
Crypto ATM, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Crypto ATM, Offering Outlook (Revenue - USD Billion, 2019 - 2032)
Crypto ATM, Type of Coin Outlook (Revenue - USD Billion, 2019 - 2032)
- Bitcoin
- Ethereum
- Dogecoin
- Litecoin
- Others
Crypto ATM, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Crypto ATM Market Insights
- 4.1. Crypto ATM Market - Type of Coin Snapshot
- 4.2. Crypto ATM Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising adoption of cryptocurrency is projected to spur the product demand
- 4.2.1.2. Increased Financial Inclusion
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Security Concerns
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Crypto ATM Market Type of Coin Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Crypto ATM Market, by Offering
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 5.3. Hardware
- 5.3.1. Global Crypto ATM Market, by Hardware, by Region, 2019-2032 (USD Billion)
- 5.4. Software
- 5.4.1. Global Crypto ATM Market, by Software, by Region, 2019-2032 (USD Billion)
6. Global Crypto ATM Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 6.3. One Way
- 6.3.1. Global Crypto ATM Market, by One Way, by Region, 2019-2032 (USD Billion)
- 6.4. Two Way
- 6.4.1. Global Crypto ATM Market, by Two Way, by Region, 2019-2032 (USD Billion)
7. Global Crypto ATM Market, by Type of Coin
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 7.3. Bitcoin
- 7.3.1. Global Crypto ATM Market, by Bitcoin, By Region, 2019-2032 (USD Billion)
- 7.4. Ethereum
- 7.4.1. Global Crypto ATM Market, by Ethereum, By Region, 2019-2032 (USD Billion)
- 7.5. Dogecoin
- 7.5.1. Global Crypto ATM Market, by Dogecoin, By Region, 2019-2032 (USD Billion)
- 7.6. Litecoin
- 7.6.1. Global Crypto ATM Market, by Litecoin, By Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Crypto ATM Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Crypto ATM Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Crypto ATM Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Crypto ATM Market - North America
- 8.3.1. North America: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.3.2. North America: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.3.3. North America: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.3.4. Crypto ATM Market - U.S.
- 8.3.4.1. U.S.: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.3.5. Crypto ATM Market - Canada
- 8.3.5.1. Canada: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4. Crypto ATM Market - Europe
- 8.4.1. Europe: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.3. Europe: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.4. Crypto ATM Market - UK
- 8.4.4.1. UK: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.5. Crypto ATM Market - France
- 8.4.5.1. France: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.5.3. France: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.6. Crypto ATM Market - Germany
- 8.4.6.1. Germany: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.7. Crypto ATM Market - Italy
- 8.4.7.1. Italy: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.8. Crypto ATM Market - Spain
- 8.4.8.1. Spain: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.9. Crypto ATM Market - Netherlands
- 8.4.9.1. Netherlands: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.4.10. Crypto ATM Market - Russia
- 8.4.10.1. Russia: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5. Crypto ATM Market - Asia Pacific
- 8.5.1. Asia Pacific: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.4. Crypto ATM Market - China
- 8.5.4.1. China: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.4.3. China: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.5. Crypto ATM Market - India
- 8.5.5.1. India: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.5.3. India: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.6. Crypto ATM Market - Malaysia
- 8.5.6.1. Malaysia: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.7. Crypto ATM Market - Japan
- 8.5.7.1. Japan: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.8. Crypto ATM Market - Indonesia
- 8.5.8.1. Indonesia: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.5.9. Crypto ATM Market - South Korea
- 8.5.9.1. South Korea: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.6. Crypto ATM Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.6.4. Crypto ATM Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.6.5. Crypto ATM Market - UAE
- 8.6.5.1. UAE: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.6.6. Crypto ATM Market - Israel
- 8.6.6.1. Israel: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.6.7. Crypto ATM Market - South Africa
- 8.6.7.1. South Africa: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.7. Crypto ATM Market - Latin America
- 8.7.1. Latin America: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.7.4. Crypto ATM Market - Mexico
- 8.7.4.1. Mexico: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.7.5. Crypto ATM Market - Brazil
- 8.7.5.1. Brazil: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
- 8.7.6. Crypto ATM Market - Argentina
- 8.7.6.1. Argentina: Crypto ATM Market, by Offering, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Crypto ATM Market, by Type of Coin, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Crypto ATM Market, by Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Bitaccess Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Coin Cloud
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. CoinFlip Solutions LLC
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Coinme Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Coinsource LLC
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. CoinVault ATM LLC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Genesis Coin Inc.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. GENERAL BYTES s.r.o.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Lamassu Industries AG
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. LocalBitcoins Oy
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Orderbob
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Pundi X Labs Private Limited
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Robocoin Kiosk
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. SatoshiPoint Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Shitcoins Club
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development