The worldwide network of cryptocurrency ATMs has contracted to 27,358 units—a level last seen in 2021. Since July 8, 587 machines ceased operation globally, with removals accelerating in September, according to coinatmradar.com.
The United States accounts for 476 of those recent closures, yet maintains 71.4 percent of the global total. State-level legislation is the primary driver: since 2023, 35 states have enacted crypto ATM regulations. Indiana, Tennessee and Minnesota implemented outright bans. Vermont imposed a moratorium on new installations instead.
Politicians argue crypto ATMs enable fraud and scams. Critics counter that blanket bans penalize legitimate users and push activity into less regulated channels, increasing consumer risk.
Bitcoin Depot's Chapter 11 bankruptcy earlier in the year also removed machines from the network.
Canada ranks second globally with 13.5 percent of machines. Australia holds 6.3 percent, New Zealand 0.7 percent. Poland leads Europe at 1.1 percent, Spain at 1 percent. The United States, Canada and Australia collectively operate approximately 91 percent of all crypto ATMs worldwide—meaning regulatory shifts in these three regions dictate the trajectory of global infrastructure.
