Bitcoin ATM Market Dynamics December 2020

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At the beginning of December, the price of Bitcoin was at $19,710 and continued to rise through the month. Finally, when the pandemic year ended the Bitcoin price was $28,857 which was a huge increase of 46.4% when compared to the price at the beginning of the month.

The speed of bitcoin ATM installations maintained a stable rise between 8% and 10%.

Period Start: 12569, Period End: 13676
Opened: 1308, Closed: 201, Net Growth: +1107(8.8%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 4630 5116 +486 (10.5%)
General Bytes 3586 3821 +235 (6.6%)
BitAccess 1240 1392 +152 (12.3%)
Coinsource 856 940 +84 (9.8%)
LightningXchange 355 395 +40 (11.3%)
Lamassu 554 592 +38 (6.9%)
Bytefederal 209 242 +33 (15.8%)
Bitstop 335 366 +31 (9.3%)
Cryptocurrency ATM 12 25 +13 (108.3%)
CryptoATM 0 7 7
ChainBytes 36 40 +4 (11.1%)
zzBit 69 71 +2 (2.9%)
BitTeller 7 8 +1 (14.3%)
Bitcoin D.A.V.E. 4 5 +1 (25%)
Bitnovo 11 10 -1 (-9.1%)
Cryptomat 1 0 -1 (-100%)
Shitcoins Club 116 113 -3 (-2.6%)
Trovemat 44 29 -15 (-34.1%)

The most active manufacturers in December are the same as in the previous months. As usual, Genesis Coin was in first place with 486 new machines (10.5% increase), followed by General Bytes with 235 new installations (6.6% increase) and BitAccess with 152 new machines (12.3% increase).

Also, the first Ukrainian Bitcoin ATM manufacturer Cryptomat sadly removed their only machine.

Change by Operators

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

The most active operator in December was Bitcoin Depot with 164 new machines (13.4% increase), followed by CoinCloud and CoinFlip Bitcoin ATMs with 149 (12.7%) and 130 (10.2% ) new machines respectively.

Change by Countries

Name Start End Diff
United States 10098 11109 +1011 (10%)
Canada 954 1021 +67 (7%)
Romania 52 59 +7 (13.5%)
Spain 92 97 +5 (5.4%)
Switzerland 97 101 +4 (4.1%)
Germany 45 49 +4 (8.9%)
Austria 139 142 +3 (2.2%)
Czech Republic 66 69 +3 (4.5%)
Brazil 1 4 +3 (300%)
Hong Kong 60 62 +2 (3.3%)
Slovenia 16 18 +2 (12.5%)
Bulgaria 11 13 +2 (18.2%)
Taiwan 11 13 +2 (18.2%)
Poland 68 69 +1 (1.5%)
Slovakia 51 52 +1 (2%)
Colombia 40 41 +1 (2.5%)
Ireland 25 26 +1 (4%)
Dominican Republic 15 16 +1 (6.7%)
Croatia 7 8 +1 (14.3%)
Bahamas 3 4 +1 (33.3%)
Turkey 2 3 +1 (50%)
Lithuania 1 2 +1 (100%)
Netherlands 22 21 -1 (-4.5%)
Ukraine 17 16 -1 (-5.9%)
Thailand 9 8 -1 (-11.1%)
Israel 6 5 -1 (-16.7%)
Georgia 26 24 -2 (-7.7%)
Italy 57 53 -4 (-7%)
France 10 3 -7 (-70%)

The United States ended the year nicely, with finally crossing the 1k new machines in one month. In December there were 1011 new installations (10% increase) on US soil. As usual, Canada followed with 67 new installations (7% increase). Interestingly, Romania came right after with 7 new machines (13.5% 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 12515 13666 +1151 (9.20%)
Altcoins 8442 9203 +761 (9.01%)
Litecoin 8219 8954 +735 (8.94%)
Ether 7233 7945 +712 (9.84%)
Bitcoin Cash 3938 4211 +273 (6.93%)
Tether 266 502 +236 (88.72%)
Dash 2477 2642 +165 (6.66%)
Zcash 88 97 +9 (10.23%)
Monero 186 188 +2 (1.08%)
Dogecoin 72 74 +2 (2.78%)
Lightning BTC 8 10 +2 (25%)
Ripple 161 154 -7 (4.35%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin continued to drop and is now at 66.1%. Litecoin was again the second most added coin in December with 735 additions (8.94% increase) followed by Ether with 712 additions (9.84% increase) and Bitcoin Cash with 273 additions (6.93% increase).

Summary

The price of Bitcoin experienced a huge increase in December. The most active manufacturers were again Genesis Coin and General Bytes. The United States had more than 1k new machines installed. Litecoin continues to be the most adopted coin besides Bitcoin.

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