Press release
Crypto-currency ATM Software Market at a Highest CAGR of 61.8% with Top Players - Genesis Coin Inc., Lamassu Industries AG, Covault, Bitaccess Inc., Coinme, Coinsource, Bitstop, Orderbob, Cryptomat and More
Crypto-currency ATM Software Market
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The increasing worldwide acceptance of cryptocurrencies is anticipated to fuel market expansion in the forecast period. The United States leads in the quantity of crypto ATMs, with 30,714 units reported by Coin ATM Radar. Additionally, according to Chainalysis' 2022 Global Crypto Adoption Index, the adoption of cryptocurrencies is on the rise in emerging nations like Vietnam, the Philippines, and Thailand, all ranking among the top 10 countries for cryptocurrency adoption. This growing cryptocurrency landscape globally enables individuals and businesses to engage in the global economy without relying on traditional financial intermediaries.
Top Key Competitors of Crypto-currency ATM Software Market:
Hyosung America
Blockchain App Factory
Soft-logic Company
ChainBytes
BitExchange
Blockchain Developments
Codezeros Technology Company
Zrix
JP TECHNOLOGY GROUP
ByteFederal
Nadcab Technology
App India
KIOSK
Crypto-currency ATM Software Market Segmentation:
by Type
Escrow-Safe Wallet
Hardware Wallet Based Exchange
Cryptocurrency Backed Loan
By Coin Type:
Bitcoin
Dogecoin
Ethereum
Litecoin
Others
by Application
Retail ATM Products
Financial ATM Products
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Global Crypto-currency ATM Software Market Regional Analysis:
North America
Europe
Asia
Middle East
Latin America
In 2022, North America held the leading position in the crypto ATM market, contributing to more than 44.0% of global revenue. The region's growth is expected to be propelled by key players such as Covault and Coinme. In North America, crypto ATMs offer a range of support beyond Bitcoin, including Ethereum, Litecoin, and Bitcoin Cash. Additionally, the significant number of cryptocurrency owners in the U.S. is poised to further bolster regional market expansion. For instance, Coinbase reports that 20% of Americans possess cryptocurrency.
Asia Pacific is projected to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is primarily driven by the increasing expansion of market players into the region. For instance, in March 2022, Intellogate, a crypto ATM manufacturer based in Ukraine, revealed plans to expand its services across Asia through partnerships with Publish, a South Korean blockchain service provider, and Lincrux, a kiosk producer. Additionally, the rising awareness of cryptocurrency among consumers in the Asia Pacific region is expected to further drive regional growth throughout the forecast period.
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