Australia ranks third in crypto ATM installations after the US and Canada.

Despite the bear market and record low dynamics of new Bitcoin ATM installations worldwide, Australia remains in the top three countries globally in terms of number of crypto ATMs. It was in the first days of January. When Australia finished fourth – Since then they have installed 16 more machines.

According to Coinatmradar DataAustralia now has 234 crypto ATMs, making it the third most globally behind the US and Canada. In three weeks it surpassed Spain, which has 222 crypto ATMs.

It’s all about dynamics — Australia deployed 99 crypto ATMs in just the last three months of 2022, nearly half of its total. And it doesn’t slow down. Since January 1, Australia has installed 16 new machines, while Spain has actually lost 4 and El Salvador, which ranks fifth globally, has not recorded a single new ATM.

Crypto ATM Distribution by Continents and Countries Source: CoinATMRadar

Overall, Australia’s numbers, as well as those of Spain and El Salvador, can hardly match the huge proportion of crypto ATMs in the US, with 33.387 or 86.9% of all machines in the world in the states. With Canada (2.556) at the time of writing, they have an impressive 94.4% of all crypto ATMs.

Related: How to Buy Bitcoin in Australia?

A year-long bear market in 2022, coupled with geopolitical tensions and global inflation, will result. Dramatic slow down Installations of crypto ATMs. Only 94 Bitcoin ATMs were added to the global network from July to the end of 2022, compared to 4,169 ATMs during the first half of 2022.

In January 2023, the Australian city of Coolangatta got its first Bitcoin ATM With integrated electricity network Capabilities It works like a traditional crypto ATM but saves significant time due to the Layer-2 Lightning solution. And also allows the purchase of very small amounts of BTC.