The Year-High Number of Installed Bitcoin ATMs Is Hit in May 2019

It is being reported by Bitcoinist that May saw the newest Bitcoin ATMs opened in a single month so far this year. This comes as average new ATMs per month is on the rise ever since the end of the bear market, with more expected.

It seems that 306 new BTC ATMs were opened globally in May, which when compared with ones that closed leads us to a net total of 228 new ATMs. The most net new ATMs ever opened in a single month was 256 in April of 2018. As we can see in the following chart, new ATM growth dwindled during crypto winter but now seems to be back on track for growth.

Furthermore, it is being reported that many coins besides Bitcoin are seeing increasing support in ATMs, including Ethereum, Monero and even Dogecoin. Unfortunately, it seems Zcash lost 6 machines which supported it. Crypto enthusiasts are optimistic about this trend and expect a further increase in the number of crypto ATMs during the remaining 2019.

Image courtesy of BTCnn