Cryptocurrency Trading Volume Remains Subdued Despite Market Upturn

Bitcoin ATM Business Remained Sluggish Through Bull Market

March 21, 2025 - Despite a strong bull run in the cryptocurrency market, the business of bitcoin ATMs has remained sluggish, according to data from industry trackers.

As the price of bitcoin surged to new highs, many expected to see a corresponding increase in the adoption of digital currency and the demand for bitcoin ATMs. However, the data suggests that the market has not responded as expected.

According to data from Coin ATM Radar, the number of bitcoin ATMs installed globally in the first quarter of 2025 was down 15% compared to the same period in 2024. The number of ATMs in operation also remained stagnant, with no significant increase in the number of machines being used.

Industry insiders point to a number of factors that may be contributing to the lack of growth in the bitcoin ATM market. One major issue is the high cost of installation and maintenance, which can be a barrier to entry for many potential operators.

Another factor is the limited demand for bitcoin ATMs in many parts of the world. While there may be a strong demand for digital currency in certain regions, such as Asia and the Americas, there may be less demand in other parts of the world, such as Europe and Africa.

Despite the sluggish growth, the bitcoin ATM industry is not without its positives. Many operators are reporting increased revenue and profitability, thanks to the high demand for digital currency and the increasing adoption of bitcoin.

Overall, while the growth of the bitcoin ATM industry may be slower than expected, it is still a significant and growing market that is expected to continue to play an important role in the development of digital currency.