In Canada, the growing number of Bitcoin ATMs has not gone unnoticed when it comes to cryptocurrencies, with Prime Minister Justin Trudeau saying during last year’s truck and lorry driver protests that “supporting this is not the right and responsible act” .
According to information given by Coin ATM Radar, the number of Bitcoin ATMs in the country has grown by 28% in one year. That number was below 2,000 last year and is now 2,549. As of January 2022, there were 2,174 ATMs in the country, with around 400 new Bitcoin ATMs installed this year. Despite the harshness of the bear market season, this growth is a clear indication of the strength of demand.
According to the information provided, Canada installs about 100 Bitcoin ATMs per quarter, which is higher than the world average in this sense. The world leader in the number of Bitcoin ATMs is the United States with 34,000 machines. In the EU, which is in the process of passing the MiCA regulation, there are only 1466 ATMs in total. Its number in the world is 38,000 750.
As we all know, the world’s first Bitcoin ATM was established in Vancouver, Canada 9 years ago.
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Source of information: compiled by 0x information from UZMANCOIN, the copyright belongs to the author Hakan Ateşler, and may not be reproduced without permission