Two Way Crypto ATM Market to Witness Notable Growth by 2030

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The global crypto ATM market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period.

The global Two Way Crypto ATM Market experienced significant strength in 2021 and is projected to achieve a rapid revenue growth rate over the forecast period. Factors such as the increasing popularity of cryptocurrencies, the installation of Two Way Crypto ATMs in various establishments like restaurants and gas stations worldwide, and the growing adoption of crypto among the younger generation are expected to drive the market's revenue growth. Furthermore, the rise in cross-border transactions, the expanding network of Two Way Crypto ATMs in major countries, and favorable government regulations pertaining to digital currency are additional factors anticipated to contribute to revenue growth throughout the forecast period. Cryptocurrency ATMs offer a convenient means of purchasing various cryptocurrencies using payment cards, enabling users to securely and quickly invest in multiple digital assets.

A cryptocurrency ATM is a terminal that allows users to buy cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others using bank cards or cash. These ATMs utilize internet-based cryptocurrency platforms to manage transactions and generate blockchain-based transfers that send cryptocurrencies to users' digital wallets via QR codes. All funds involved in Two Way Crypto ATM transactions are securely held within the wallet, eliminating the need for separate cards or accounts typically associated with traditional banking. Some Two Way Crypto ATMs are also capable of facilitating the sale of digital currencies in exchange for cash. These ATMs may come in different forms, including standalone units or built-in fixtures on walls or stands. Moreover, even users without cryptocurrency wallets can purchase crypto from these ATMs, as many of them generate a new wallet and provide a receipt containing a public and private key. The use of cryptocurrency ATMs not only saves time and ensures privacy with instant transactions and two-step verification but also enhances user anonymity by requesting a phone number for transactions below a certain threshold, protecting the identity of individuals and encouraging more customers to engage in crypto purchases. These factors are expected to contribute further to the market's revenue growth in the forthcoming years.

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Competitive Landscape:

  • Bitcoin Depot
  • Bitstop
  • Cash Cloud, Inc.
  • Coinsource
  • Covault, LLC
  • GENERAL BYTES s.r.o.
  • Genesis Coin Inc.
  • Kurant GmbH
  • Lamassu Industries AG
  • RockitCoin
  • General Bytes
  • Bitxam
  • Coinme
  • Bitaccess

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The global market is further segmented into type and application:

Type Outlook (Revenue, USD Billion; 2019-2030)

  • One Way Two Way Crypto ATM
  • Two Way Two Way Crypto ATM

Offering Outlook (Revenue, USD Billion; 2019-2030)

  • Software
  • Hardware

Coin Outlook (Revenue, USD Billion; 2019-2030)

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Dogecoin
  • Dash
  • Tether
  • Litecoin
  • Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Takeaways of the Competitive Overview Section:

  • Overview of the company profiles of each market player
  • Industrial chain analysis of each player
  • Revenue share contribution
  • Sales network and distribution channels and net profits and losses of each company
  • Key business growth strategies are undertaken by these players

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