Number of Bitcoin ATMs Increasing in Canada

It is noteworthy that the number of Bitcoin ATMs is increasing day by day, especially in Canada, which tried to prevent crypto money support last year.

In Canada, the increasing number of Bitcoin ATMs does not go unnoticed when it comes to cryptocurrencies, which Prime Minister Trudeau said during the truck and truck drivers protests last year, “It would not be the right and responsible behavior to support”.

According to the information given by Coin ATM Radar, the number of Bitcoin ATMs in the country increased by 28% in a year. The figure, which was below 2,000 last year, is now 2549. As of January 2022, there were 2174 ATMs in the country, where approximately 400 new Bitcoin ATMs were installed this year. Despite a very harsh bear season, this increase clearly shows the intensity of demand.

According to the information given, Canada, where approximately 100 Bitcoin ATMs are installed every quarter, is above the world average in this sense. The world leader country in the number of Bitcoin ATMs is the USA with 34 thousand machines. In the European Union, which is in the process of passing MiCA regulations, there are only 1466 ATMs in total. Its number in the whole world is 38 thousand 750. As it will be remembered, the world’s first Bitcoin ATM was established in Vancouver, Canada 9 years ago.