Bitcoin Depot Aims for Top Five with Hong Kong Debut

Bitcoin Depot Targets Top-Five Spot as It Debuts in Hong Kong

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 13, 2025

Key Takeaways

Bitcoin Depot has launched its service in Hong Kong, which is expanding beyond North America to meet steady demand for cash-to-crypto access;
With 223 active machines in the city, the company aims to become one of Hong Kong’s top five Bitcoin ATM operators;
Bitcoin ATM providers must obtain a Money Service Operator license from Hong Kong’s Customs and Excise Department.

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

BITDEGREE IN YOUR SOCIAL FEED

Bitcoin Depot, the largest operator of Bitcoin BTC $102,374.99 machines in North America, has begun offering its services in Hong Kong.

According to a November 12 announcement, this initiative introduces the company to a new region and supports its plan to offer simple cash-to-crypto access in markets with steady demand.

Bitcoin Depot stated that it hopes to become one of Hong Kong’s five leading Bitcoin ATM operators.

Is Decentralized Anonymous Blockchain a Myth? (Explained!)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Hong Kong already has a number of these machines, with CoinATM Radar reporting 223 active units across the city.

The country requires operators of cash-to-crypto ATMs to hold a Money Service Operator license from the Customs and Excise Department. This licensing rule applies to all companies wishing to run such services in the city.

The city has been working to build a clear regulatory environment for digital assets, which sets it apart from mainland China. This approach has helped Hong Kong become a regional hub for projects involving cryptocurrencies and blockchain technology.

Bitcoin ATMs have increased worldwide in recent years; CoinATM Radar notes that the global count has risen by 177% since January 1, 2021, reaching 39,469 machines.

Meanwhile, Australia's Minister for Cybersecurity and Home Affairs, Tony Burke, recently considered giving the Australian Transaction Reports and Analysis Centre (AUSTRAC) the power to limit or ban crypto ATMs. What did he say? Read the full story.