Imortant Facts about Global Cryptocurrency ATM Market You Should Know | Leading Players Genesis Coin, General Bytes, Lamassu, Bit Access & Others

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.

Top industry participants in the cryptocurrency ATM market in order of their volume share are Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, Skyhook, and LocalBitcoins.

The report contains the main players currently on this market.
** The list of companies mentioned may vary in the final report subject to change of name / merger, etc.

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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.

Rising ROI Along With the Capability of the Two-Way Transactions are Expected to Fuel the Overall Industry Growth during the Forecast Period:
Rapid increase in the number of ATMs every year has forced the ROI to set back, however, it is largely dependent on the location of deployment of the Bitcoin Automated Teller Machines (BTMs). According to Coherent Market Insights, on an average the most populated or urban areas have the highest number of transactions, that help in generating complete ROI within spans of less than a year, even if the number of visitors per day is around 1-2. According to Coherent Market Insights analysis, the average number of new installations are expected to increase past 14 per day by 2025 driving the volume growth at over 44.6% CAGR over the forecast period.

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Due to high concentration of deployments in U.S. and North America, North America has remained the most dominating region in terms of both value and volume over the last few years, is expected to dominate the industry share through the forecast period. North America was followed by Europe, Asia Pacific, Latin America and Africa.

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