Bitcoin ATM Market Dynamics April 2020

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In April the price of Bitcoin started to come back. The month started with a price of $6,428 which rose immediately nearing the middle of the month when it fluctuated a bit before hitting another spike. April ended with a price of $8,629 which is a 34% rise in comparison to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.

Period Start: 7384, Period End: 7750
Opened: 435, Closed: 69, Net Growth: + 366 (5%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 2457 2612 +155 (6.3%)
BitAccess 632 723 +91 (14.4%)
General Bytes 2308 2380 +72 (3.1%)
Bitstop 105 123 +18 (17.1%)
Coinsource 407 418 +11 (2.7%)
LightningXchange 151 160 +9 (6%)
Lamassu 485 490 +5 (1%)
Covault 210 215 +5 (2.4%)
Trovemat 26 30 +4 (15.4%)
zzBit 58 60 +2 (3.4%)
Orderbob ATM 21 22 +1 (4.8%)
Cryptomatic 8 9 +1 (12.5%)
CryptoGo 3 4 +1 (33.3%)
BitXatm 87 84 -3 (-3.4%)
ChainBytes 28 22 -6 (-21.4%)

After some time we see a change at the top of the Manufacturers list. In April Genesis Coin was at the top with 155 new machines (6.3% increase), followed by BitAccess with 91 new installations (14.4% increase) and General Bytes with 72 new machines (3.1% increase).

ChainBytes has a chunk of its machines removed in April – 6 (-21.4% decrease).

Change by Operators

Operators who increased the number of machines by 4 or more over the past month:

When it comes to the Operators in April, CoinCloud was the first with 89 new installations (14.9% increase), followed by CoinFlip Bitcoin ATMs with 54 new machines (10% increase), the same situation as in the previous month. Bitcoin Depot was third with 39 new installations (6.5% increase).

The US based Operator CMJ installed their first 6 machines in April.

Change by Countries

Name Start End Diff
United States 5200 5551 +351 (6.8%)
Canada 713 725 +12 (1.7%)
Austria 135 137 +2 (1.5%)
Australia 15 17 +2 (13.3%)
Vietnam 4 6 +2 (50%)
Slovakia 42 43 +1 (2.4%)
Hungary 39 40 +1 (2.6%)
Slovenia 11 12 +1 (9.1%)
Germany 69 68 -1 (-1.4%)
Mexico 9 8 -1 (-11.1%)
Malta 4 3 -1 (-25%)
United Kingdom 277 274 -3 (-1.1%)

The United States dominate the Countries list with 351 new machines (6.8% increase) followed by Canada with 12 new installations (1.7% increase) and Austria with 2 new machines (1.5% increase).

Cryptocurrencies Support

Find the latest stats of various cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

Name Start End Diff
Bitcoin 7381 7744 +363 (4.92%)
Altcoins 5172 5452 +280 (5.41%)
Ether 4579 4854 +275 (6.01%)
Litecoin 5016 5290 +274 (5.46%)
Bitcoincash 2518 2676 +158 (6.27%)
Dash 1534 1616 +82 (5.35%)
Monero 190 192 +2 (1.05%)
Zcash 89 89 0
Dogecoin 66 66 0

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin stayed the same at 70%. Ether was the second most added coin in April with 275 additions (6.01 % increase) followed by Litecoin with 274 addition (5.46 % increase) and Bitcoin Cash with 158 additions (5.46 % increase).

Summary

The price of Bitcoin started to come back with a significant increase in April. Genesis Coin and BitAcces were the manufacturers with the most machines installed. The United States continues to dominate the Bitcoin ATM adoption. Ether continues to be the most adopted coin besides Bitcoin.

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