Bitcoin ATM Market Dynamics October 2020

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At the beginning of October, the price of Bitcoin was $10,778 and maintained the raising trend through most of the month until it reached a value of $13,565. When we compare the Bitcoin values at the beginning and the end of the month, we can notice that it has gone up by 25.6% in October.

The speed of bitcoin ATM installations was lower than previous month (8% vs. 10%).

Period Start: 10630, Period End: 11478
Opened: 1034, Closed: 186, Net Growth: +848 (7.9%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 3754 4129 +375 (10%)
General Bytes 3160 3389 +229 (7.2%)
Coinsource 659 739 +80 (12.1%)
BitAccess 1064 1116 +52 (4.9%)
LightningXchange 278 322 +44 (15.8%)
Bytefederal 139 169 +30 (21.6%)
Bitstop 250 267 +17 (6.8%)
zzBit 62 68 +6 (9.7%)
Shitcoins Club 103 108 +5 (4.9%)
Lamassu 538 542 +4 (0.7%)
Covault 229 233 +4 (1.7%)
Cryptocurrency ATM 6 8 +2 (33.3%)
Trovemat 44 45 +1 (2.3%)
ChainBytes 31 32 +1 (3.2%)
Intellogate 0 1 1
Gate ATM 0 1 1
Orderbob ATM 17 16 -1 (-5.9%)
Vault Logic 15 14 -1 (-6.7%)
Bitcoin D.A.V.E. 9 8 -1 (-11.1%)
Astra Pay 8 7 -1 (-12.5%)

The same as in previous months, Genesis Coin with 375 new machines (10% increase) and General Bytes with 229 new installations (7.2% increase) were the most active manufacturers in October. Coinsource was in third place with 80 new machines (12.1% increase).

We also have to notice that two of the Manufacturers installed their first machines in October – Ukraine based Intellogate and Gate ATM from Estonia.

Change by Operators

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

Bitcoin Depot was the most active Operator in October with 129 new machines (13.1% increase) and at the same time passed the 1000 machines in total. CoinFlip Bitcoin ATMs followed with 122 new installations (11.9% increase) while RockItCoin came third with 77 new machines (14.2% increase).

Change by Countries

Name Start End Diff
United States 8274 9076 +802 (9.7%)
Canada 833 865 +32 (3.8%)
Germany 29 35 +6 (20.7%)
United Kingdom 262 266 +4 (1.5%)
Belgium 30 34 +4 (13.3%)
Poland 65 68 +3 (4.6%)
Hungary 45 48 +3 (6.7%)
Thailand 5 8 +3 (60%)
Czech Republic 63 65 +2 (3.2%)
Greece 53 55 +2 (3.8%)
Romania 48 50 +2 (4.2%)
Latvia 0 2 2
Colombia 39 40 +1 (2.6%)
Ireland 22 23 +1 (4.5%)
Australia 16 17 +1 (6.3%)
France 11 12 +1 (9.1%)
Bulgaria 9 10 +1 (11.1%)
Estonia 7 8 +1 (14.3%)
Switzerland 102 101 -1 (-1%)
Serbia 6 5 -1 (-16.7%)
Taiwan 12 10 -2 (-16.7%)
Austria 151 147 -4 (-2.6%)
Italy 58 54 -4 (-6.9%)
Netherlands 37 26 -11 (-29.7%)

The United States continues to dominate ATM adoption. In October 802 new machines were added in the US (9.7% increase). Canada added 32 new machines (3.8% increase) while Germany had 6 new installations (20.7% increase).

We are happy to notice that Latvia got their first ATMs in October. Both are Shitcoins Club buy/sell machines and are located in Riga.

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 10494 11469 +975 (9.29%)
Altcoins 7225 7806 +581 (8.04%)
Litecoin 7033 7607 +574 (8.16%)
Ether 6232 6718 +486 (7.80%)
Bitcoin Cash 3494 3726 +232 (6.64%)
Dash 2149 2332 +183 (8.52%)
Ripple 131 163 +32 (24.43%)
Dogecoin 72 102 +30 (41.67%)
Tether 250 255 +5 (2.00%)
Zcash 89 92 +3 (3.37%)
Lightning BTC 10 9 -1 (10.00%)
Monero 217 206 -11 (5.07%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin dropped a bit and is now at 68.0%. Litecoin was the second most added coin in October with 574 additions (8.16% increase) followed by Ether with 486 additions (7.80% increase) and Bitcoin Cash with 232 additions (6.64% increase).

Summary

The price of Bitcoin in September experienced a significant increase. Genesis Coin and General Bytes were again the most active manufacturers. The United States is still the most active country. Litecoin continues to be the most adopted coin besides Bitcoin.

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