Bitcoin ATMs Grow in Number Reaching Almost 7,000 in Operation Around the World

ATMs supporting digital coins have increased parallel to the predominant trend on cryptocurrency markets since the beginning of 2020. With over 400 new devices added in January, the global total is now closing on the 7,000 mark. The sector has seen exponential growth in the past three years.

Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea

Crypto Teller Machines Increase by Over 5% in January

This year had a promising start for cryptocurrencies, with the price of BTC rising from below $7,000 in the first days of January to around $9,350 at the end of the month and to over $10,000 in mid-February, the Bitcoin Markets tool shows. Other cryptocurrencies gained market capitalization too. Bitcoin cash (BCH), for example, increased its rate from a little under $200 per coin to almost $500 on Feb. 14.

Higher prices are bringing interest back to the crypto space, with more people looking to invest in digital…