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Cryptocurrency ATM Market to Witness Widespread Expansion During 2025

08-17-2018 04:53 PM CET | IT, New Media & Software

Press release from: CMI - Smart Technologies

Cryptocurrency ATM Market

Cryptocurrency ATM Market

Cryptocurrency ATM market refers to the business through the deployment of internet machine that enables exchange of digital currencies and conventional currencies. In some cases, these transactions require users to have existing accounts with the operator. Moreover, some of these machines are featured to support multiple exchanges and wallets, and can be programmed to support any national currency of multiple denominations.

Substantial increase in the popularity of these digital assets is among the chief industry growth drivers, and witness CAGR of 45.8% over the forecast period (2017–2025).

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Cryptocurrency ATM Market: Medium of exchange that utilizes cryptography for secure transactions and control additional currency unit creation

Cryptocurrency ATMs are the easiest means to buy cryptocurrencies, which also support selling of the digital currencies. Owing to their capability to support multiple forms of cryptocurrencies and ability to support any national currencies across the globe, these machines have gained significant traction over the past few years. Prominent growth factor fueling demand is the proliferation of these digital assets or currencies, across the globe and growing acceptance of these decentralized means of transactions

High demand for digital currencies is expected to drive the cryptocurrency market growth

Cryptocurrencies are driven by several advantages over the conventional currencies such as the limited supply, growing number of investors, growing user confidence, growing mining complexity, and substantial support by the media. In October 2013, Robocoin machine was introduced as the world’s first publicly available bitcoin machine to improve the transaction ability. The machine witnessed 348 transactions, in its first eight days of installation with an average transaction value of USD 273. In its first installation, the (ROI) reported was less than a month.

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Key Vendors of Cryptocurrency ATM Market: Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, BitTeller, Skyhook, and LocalBitcoins.

Market Taxonomy

This report segments the global cryptocurrency ATM market on the basis of revenue source and cryptocurrency type. On the basis of the revenue source the industry is bifurcated into new installation and revenue through other sources. New installation is further segmented into one-way and two-way ATM based on the transaction types. For in depth analysis revenue through other sources is further categorized into transaction commissions, server utilization, technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization). Based on the cryptocurrency type, the cryptocurrency ATM market is classified into Bitcoin, Litecoin, Dash, Ether, Dogecoin and other cryptocurrencies.

Detailed Segmentation:

Global Cryptocurrency ATM Market, By Revenue Source:

New Installations

One-way ATM
Two-way ATM

Revenue through other sources

Transaction Commissions
Server utilization
Technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization)

Global Cryptocurrency ATM Market, By Cryptocurrency Type:

Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies

Global Cryptocurrency ATM Market, By Geography:

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
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Email: sales@coherentmarketinsights.com

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