Australia Surpasses El Salvador in Number of Crypto ATMs

  • Australia has installed 219 cryptocurrency ATMs as we enter the year 2023.
  • The nation put in place 99 cryptocurrency ATMs in the last three months of 2022.

Shortly after being the fourth-largest crypto ATM hub in the world, El Salvador was overtaken by Australia. To the dismay of Bitcoin (BTC) pioneers in El Salvador, Australia has installed 216 cryptocurrency ATMs as we enter the year 2023, pushing the Central American nation further down the list.

President Nayib Bukele of El Salvador chose to deploy over 200 cryptocurrency ATMs nationwide as part of the country’s push to recognize Bitcoin as legal cash. When this happened in September of 2021, El Salvador surpassed the United States and Canada as the third-largest crypto ATM hub in the world. However, by 2022, Spain and Australia had surpassed El Salvador.

Bags Third Spot

It was announced in October 2022 that Spain’s 215 cryptocurrency ATMs had made it the third-largest center for such devices globally. On the other hand, the installation push continued in Spain, and as of this writing, the country was host to 226 crypto ATMs. Shortly after being the fourth-largest crypto ATM hub, El Salvador was overtaken by Australia.

According to CoinATMRadar, Australia put in place 99 cryptocurrency ATMs in the last three months of 2022. Australia has 219 working crypto ATMs as of January 1, 2023, which is 7 more than El Salvador’s ATMs as of this writing.

Australia’s 0.6% share in the worldwide crypto ATM market puts it in a good position to surpass Asia’s 312 ATMs any time soon. There are a total of 38,602 cryptocurrency ATMs in operation around the globe, with 6,071 of those machines coming online in 2022 alone.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.