The value of global Bitcoin ATM market will reach $145 million by 2023

BY ANGEL CRYPTO | September 3, 2018

Cryptocurrency adoption and awareness have been growing at an alarming rate. The latest reports show that the crypto ATM market will keep on flourishing with an annual growth rate of 54.7% by the end of 2023. Experts predict that this percentage will make the market surge to a figure of $144.5 billion within these five years.

There are currently around 3,650 bitcoin ATMs in the world at the moment with the market being worth at $16.3 million this year. Additionally, it is expected that two-way ATMs that allow users to buy and sell cryptocurrencies will end up becoming more popular and dominate the market in the future unlike one-way ATMs.