Global Bitcoin ATM network shrinks by 334 machines in under 40 days, with the US and Europe seeing the most significant reductions.
Coinciding with the decline in Bitcoin prices, the global network of active Bitcoin ATMs decreased by 334 machines in less than 40 days.
In June, 107 Bitcoin (BTC) ATMs went offline, ending the 10-month trajectory of month-on-month increases in net installation. The reduction was further catalyzed in July. Within five days, as of July 5, 227 crypto ATMs were removed from the global network.
While countries like Australia and Spain continue to expand their Bitcoin ATM footprint, the United States and Europe are key contributors to its global reduction. The U.S., which hosts roughly 82.6% of total Bitcoin and crypto ATMs in the world, shed 182 ATMs in June and 239 ATMs in the first week of July alone.