Market Outlook: The U.S. crypto ATM market is expected to witness significant growth in the coming years due to the rising popularity of cryptocurrencies among consumers and the growing acceptance of digital currencies by businesses. The increasing use of crypto ATMs for buying and selling various cryptocurrencies is expected to drive the market growth further.
Market Dynamics: Two key growth drivers for the U.S. crypto ATM market include the increasing adoption of cryptocurrencies as a form of payment by businesses and the growing demand for convenient and secure ways to buy and sell digital currencies. On the other hand, two major industry restraints for the market include regulatory challenges and the lack of awareness among consumers about the benefits of using crypto ATMs.
Largest Region
North America
46% Market Share in 2023
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Segment Analysis: The U.S. crypto ATM market can be segmented based on type (one-way and two-way ATMs), ownership (company-owned and operator-owned), and end-user (individuals and businesses). The two-way ATMs segment is expected to witness significant growth due to its ability to both buy and sell cryptocurrencies, catering to the needs of a wider range of users.
Competitive Landscape: The U.S. crypto ATM market is highly competitive with key players such as CoinFlip, Bitcoin Depot, Coinme, and Genesis Coin dominating the market. These companies are focusing on expanding their ATM networks, enhancing security features, and offering a wider range of cryptocurrency options to gain a competitive edge in the market.