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Australia Becomes the 4th Largest Bitcoin ATM Center

Australia Becomes the 4th Largest Bitcoin ATM Center

At the beginning of 2023, Australia was home to 219 Bitcoin (BTC) ATMs.

Australia has ramped up its Bitcoin (BTC) automated teller machine (ATM) installations.

According to the data shared by CoinATMRadar, in the last three months, Australia installed 113 new crypto ATMs. In December alone, the country set up 49 ATMs.

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As of January 1st, 2023, Australia was home to 219 Bitcoin ATMs. The majority of crypto ATMs were located around Melbourne (68 ATMs) and Sydney (61 ATMs).

Following the increasing numbers of Bitcoin ATM installations, Australia took El Salvador's place as the 4th largest Bitcoin ATM hub

As of the beginning of 2023, El Salvador was home to 212 Bitcoin ATMs and now is the 5th largest Bitcoin ATM holder. It is worth noting that El Salvador is the first country to legalize Bitcoin (BTC) as a legal tender. After legalization, President Nayib Bukele urged institutions to set up over 200 Bitcoin ATMs in the country.

In September of 2021, it allowed El Salvador to become the third-largest Bitcoin ATM hub after the United States and Canada.

However, in October 2022, Spain sprinted into the third position after installing 215 crypto ATMs. It appears that the country is not stopping and is currently home to 226 Bitcoin ATMs.

El Salvador is home to 0.5% of all global Bitcoin ATM markets, while Spain and Australia take up 0.6%. The biggest players are Canada, with 2,558 ATMs taking up 6.6% of the Bitcoin ATM market. Whereas the United States is home to 86.9% of the world's Bitcoin ATMs.

At the beginning of 2023, 38,602 ATMs were operating globally, with 6,071 installed in 2022.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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