Study: the market of crypto ATM will reach $144.5 million by 2023

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Research company MarketsandMarkets has presented a report that projected growth of the industry of cryptocurrency ATM. According to their calculations, the market from 2018 to 2023 will grow by 54.7% annually and will reach $144.5 million by the end of this time period.

Currently worldwide employs approximately 3650 crypto-ATM. According to Coin ATM Radar, every day set of about 4 ATM. From 2017, the market rose more than doubled, from $6.8 million to $16.3 million

At the moment, the largest number (62,49%) crypto-ATM are one sided — they either buy or sell cryptocurrency, but not all together. MarketsandMarkets believe that in the future two-way ATM overtake less functional competitors.

The researchers also added that in 2023 the largest number of crypto-ATM will continue to be located in North America. Currently in the region located 73,07% of machines. According to researchers, this may be due to the more or less loyal regulation.

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