Exciting data obtained by Data Light (@DataLightMe) an analytics group for cryptocurrency assets, shows the Crypto ATMs installed globally now exceeds 4,000. On an average, 6 units were installed per day, revealing that the rate of installations has grown by over two times in the past year.

A rate of Installation – 6 ATMs per day

The highlight of the survey – 6 ATMs every day on an average were installed– clear indicates widespread adoption of the once-risky cryptocurrencies.

Interestingly, all 4,000 odd ATMs offered Bitcoin. Another half of them offered Ethereum, while roughly 2,421 offer Litecoin. Dash too also made a presence on as many as 729 machines. Other cryptos supported included ZCash, Monero, Dogecoin in surprisingly large numbers thereby establishing that cryptocurrency did not depend entirely only on the top two currencies – BTC, Ethereum.

The US had the largest number of units at 1,258 with as many as 1,000 ATMs supporting BTC. Across North America, the number of ATM was in excess of 3,100, according to a map generated by the research group, Coin ATM Radar. South America has 65 such units.

Other regions supporting cryptocurrency ATMs include Europe. 200 machines operating in the United Kingdom; 750 of them in Central Europe and Australia with 54 units in total had the least.

Surprises in 2018

The year saw mixed growth for Cryptocurrencies. In the initial month’s price of bitcoin was priced at nearly $20,000 for a coin. However, the industry lost the momentum in subsequent months with many regions like South Korea reporting an excessive case in crypto robberies at exchanges and US markets registering increased number of crypto-jacking, fraud, other scams.

By mid-year bitcoin prices had crashed by nearly half of all-time high value and by November it hit the nadir following controversial hardfork as developers failed to reach a consensus with regard to the bitcoin. This resulted in a bear market, and market correction appears to be entering next year as well, predict analysts.

However, the highlights of 2018 are showing a small amount of forward momentum in the Crypto world, such as the likely approval of Bitcoin ETFs in the US. Secondly, attempts are being made worldwide at standardizing regulatory rules and framework. Thirdly, the current survey which clearly establishes the trend of wider adoption reports that overall increase in the number of ATMs for cryptocurrencies across the world is nearly two times from earlier years.