Bitcoin ATM Market Dynamics August 2020

Spread the love

The price of Bitcoin in August was fairly stable. At the beginning of the month, it was at $11,344 and it continued to vary within the 11k mark. The month ended with a Bitcoin price at $11,708 which is only a 3.2% increase compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate.

Period Start: 8921, Period End: 9516
Opened: 776, Closed: 181, Net Growth: + 595 (6.7%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 3116 3346 +230 (7.4%)
General Bytes 2647 2821 +174 (6.6%)
Coinsource 530 592 +62 (11.7%)
Bitstop 169 203 +34 (20.1%)
BitAccess 877 908 +31 (3.5%)
LightningXchange 203 234 +31 (15.3%)
Bytefederal 97 114 +17 (17.5%)
Lamassu 505 521 +16 (3.2%)
Trovemat 34 42 +8 (23.5%)
ChainBytes 24 28 +4 (16.7%)
White Edge 8 10 +2 (25%)
Covault 218 219 +1 (0.5%)
zzBit 61 62 +1 (1.6%)
Vault Logic 9 10 +1 (11.1%)
CoinLogiq 7 8 +1 (14.3%)
CryptoGo 4 5 +1 (25%)
BTC facil 11 10 -1 (-9.1%)
Shitcoins Club 119 101 -18 (-15.1%)

The top of the manufacturers list is unchanged from July. Again, Genesis Coin was the manufacturer that installed the most machines – 230 (7.4% increase) and was again followed by General Bytes with 103 (4% increase) and Coinsource as a manufacturer with 62 (11.7% increase).

Shitcoins Club was the manufacturer that experienced a noticeable decrease in August with 18 machines removed (15.1% decrease).

Change by Operators

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

CoinFlip Bitcoin ATMs were the most active in August with 104 new machines installed (13.9% increase). Bitcoin Depot was second with 72 new installations (9.1% increase), followed by Bitcoin of America with 47 new machines (16.8% increase).

Three operators form the list installed their first machines in August. ItaloCoin and Coinquistadores both had 9 installations while Coininkrijk installed their first 7 machines.

Change by Countries

Name Start End Diff
United States 6683 7235 +552 (8.3%)
Canada 754 796 +42 (5.6%)
Spain 70 85 +15 (21.4%)
Italy 51 61 +10 (19.6%)
Belgium 22 30 +8 (36.4%)
Hungary 40 45 +5 (12.5%)
Netherlands 44 48 +4 (9.1%)
Georgia 23 27 +4 (17.4%)
Greece 55 58 +3 (5.5%)
United Kingdom 254 256 +2 (0.8%)
Poland 60 62 +2 (3.3%)
Hong Kong 55 57 +2 (3.6%)
Slovakia 49 50 +1 (2%)
Romania 45 46 +1 (2.2%)
Colombia 38 39 +1 (2.6%)
Ireland 21 22 +1 (4.8%)
Argentina 12 13 +1 (8.3%)
Lithuania 0 1 1
Switzerland 82 81 -1 (-1.2%)
Malaysia 2 1 -1 (-50%)
Mongolia 1 0 -1 (-100%)
Denmark 2 0 -2 (-100%)
Germany 69 14 -55 (-79.7%)

The domination of North America continues. In August the United States recorded 552 new installations (8.3% increase) while Canada had 42 new machines (5.6% increase). The Europe representative in the top 3 was Spain with 15 installations (21.4% increase).

We are happy to notice that Lithuania added the first machine on its soil. It’s a buy/sell machine located in Vilnius.

On the other hand, Germany had a noticeable decrease with 55 machines removed (79.7% decrease) due to strict actions by Bafin (local financial regulator) against bitcoin ATM operators, while Mongolia and Denmark had their only machines removed.

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 8913 9510 +597 (6.70%)
Litecoin 6007 6371 +364 (6.06%)  
Altcoins 6196 6558 +362 (5.84%)
Ether 5324 5638 +314 (5.50%)
Bitcoin Cash 3004 3144 +140 (4.66%)
Dash 1816 1931 +115 (6.33%)
Ripple 90 123 +33 (36.67%)
Tether 231 235 +4 (1.73%)
Lightning BTC 5 8 +3 (60%)
Monero 205 206 +1 (0.49%)
Dogecoin 67 68 +1 (1.49%)
Zcash 85 83 -2 (2.35%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin dropped a bit and is now at 68.9%. Litecoin was the second most added coin in July with 364 additions (6.06% increase) followed by Ether with 314 additions (5.50% increase) and Bitcoin Cash with 140 additions (4.66% increase).

Summary

The price of Bitcoin in August was fairly stable. Genesis Coin and General Bytes are again the most active manufacturers. The United States continue to be the country with the most installations. Litecoin was the most adopted coin besides Bitcoin this month.

Related Articles