The global crypto ATM market, worth $87.35 million in 2023, is expected to grow at an average rate of 45.7% per year, reaching $2.58 billion by 2032.

The market’s growth is attributed to the increasing global acceptance of cryptocurrencies, with analysts saying that regulators are “implementing favorable regulations to promote their [cryptocurrencies] adoption.”

“Additionally, the increasing collaboration between crypto ATM providers and financial institutions is further driving the market growth, as it ensures the compliance and security of crypto ATM transactions.”

Research and Markets

The report notes that the use of crypto ATMs is expanding across several industries, including retail, travel, and financial services with many malls, convenience stores, and gas stations are installing crypto ATMs “providing consumers with a simple way to purchase cryptocurrencies.”