Cryptocurrency ATM Market Explore Growth till 2022 by Global Top Players Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, BitTeller, Skyhook, LocalBitcoins

Worldwide Market Reports has announced the addition of the “Cryptocurrency ATM Market Size Status and Forecast 2022”, The report classifies the global Cryptocurrency ATM Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Cryptocurrency ATM market, analyzes and researches the Cryptocurrency ATM development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, BitTeller, Skyhook, LocalBitcoins

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Cryptocurrency ATM are kiosks or machines that are connected to internet and allow insertion of cash in exchange of cryptocurrencies such as Bitcoins or Litecoins among others. These generate paper receipt which transfers the money to a public key on the blockchain. Proliferation of utilization of these digital assets is expected to be the chief industry growth driver which is expected to fuel demand for deployment of cryptocurrency ATM in the near future.

According to Coherent Market Insights analysis, number of new installations in 2017 is estimated to be over double to total number of deployments till 2016, primarily owing to substantial increase of adoption of these digital assets. Prominent factors influencing the user is the increased popularity and highly secured transaction means, anonymity, and decentralized mode of control in the blockchain. Moreover, capability of these machines to provide two-way transaction is expected to fuel growth to the cryptocurrency ATM market in the near future.

Key Takeaways of the Cryptocurrency ATM Market:

• The global cryptocurrency ATM market is projected to witness a CAGR of 45.8% over the forecast period, primarily owing to its ease of transaction for digital assets and fiat currency

• High machine cost and number of procedural hindrances due to regional regulations, and lack of availability of good and affordable locations to set up machines are some of the major factors hindering the market growth.

• One-way cryptocurrency ATMs are expected to find highest traction in the industry over the forecast period. According to Coherent Market Insights research, consumers are highly inclined towards buying these digital assets instead of selling, mainly owing to limited supply, accounting a ratio of 17 buy transactions to 3 sell transactions.

• Among revenue source, revenue through other source segment is expected to witness highest growth in the market, owing to expected increase in the transaction volume and the commission associated with them

• North America is expected to hold largest share in the global cryptocurrency ATM market over the forecast period, primarily owing to considerable increase in the utilization in U.S. and Canada. In 2017, over 800 of these machines were deployed in the U.S., to improve the ease of access to these digital exchanges.

The ""Global Cryptocurrency ATM Market, By Revenue Source (New Installations (One-way and two-way) and Revenue Through Other Sources (Transaction Commissions, Server Utilization, Technical Support, and Other Services), By Cryptocurrency Type (Bitcoin, Litecoin, Dash, Ether, Dogecoin, Other Cryptocurrencies), and By Geography (U.S., Canada, Brazil, Mexico, UK, Austria, Spain, France, Italy, Switzerland, China, Japan, Australia, South Korea, ASEAN countries, GCC, and Israel) - Global Forecast to 2025"" is estimated to be valued at US $ 14.0 million in 2017 and expected to witness a CAGR of 45.8% over the forecast period (2017-2025).

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