Australia Overtakes El Salvador in Crypto ATM Rankings


• Australia now has more crypto ATMs than El Salvador, overtaking the country where Bitcoin is legal tender.
• The US, Canada, and Spain are the top 3 countries by the number of installed crypto ATMs, with most of Australia’s located in Melbourne, Sydney, and Brisbane.
• El Salvador’s decision to make Bitcoin legal tender in 2021 has been heavily criticized, and reports indicate that their ATM booths are „empty“ less than a year after their launch.

As the cryptocurrency market continues to expand, the number of crypto ATM machines around the world is booming. Recent data from Coinatmradar.com suggests that Australia has now taken the lead in terms of total number of crypto ATMs, overtaking El Salvador, the country where Bitcoin (BTC) is legal tender.

The US, Canada, and Spain still take the top three spots, with 33,950, 2,649, and 273 locations, respectively. Australia is in fourth place with 225 machines, spread across Melbourne (65), Sydney (48), and Brisbane (33). Poland is close behind with 222 locations, most of them in Warsaw (67) and Kraków (42). El Salvador is currently in sixth place with 212 reported locations, mostly in San Salvador (28) and Santa Tecla (25).

El Salvador’s decision to make Bitcoin legal tender in 2021 has been met with significant criticism both domestically and abroad. In an effort to promote bitcoin adoption, the government decided to install around 200 ATMs throughout the country. However, since then, Spain, Australia, and Poland have all overtaken El Salvador in the number of crypto ATMs.

Furthermore, reports of “empty” bitcoin ATM booths have surfaced less than a year after their launch, suggesting that the country may have overestimated its impact on the crypto market. It remains to be seen if El Salvador will be able to reclaim its spot in the crypto ATM rankings.

Overall, the rise in crypto ATMs around the world is a clear sign of the increasing popularity of cryptocurrency. With more and more people looking to invest in digital assets, it’s likely that the number of crypto ATMs will continue to grow. This could prove to be a major step forward in the process of crypto adoption, as it will make it easier for people to access and purchase digital assets.