The cryptocurrency industry had a rough ride throughout the year 2022. As a result, not many developments were witnessed in the cryptocurrency industry in that particular year.
Although the cryptocurrency industry struggled to recover throughout the year 2022, Australia has not stopped adopting cryptocurrencies.
The country looks extremely interested in adopting cryptocurrencies and it has continued doing so even in the year 2022.
Australia has Third Highest Number of Crypto ATMs
The locals in Australia have been adopting cryptocurrencies and they have been investing heavily in them. This is the reason why the country has realized how important it is to have crypto ATMs in place.
The country wants to ensure that the locals in the country have access to cryptocurrencies anywhere and any place they want. This is the reason why it has been adding more cryptocurrency ATMs all over the country.
As the number of crypto ATMs has been increasing in Australia, it has managed to become the third-largest country in terms of cryptocurrency ATM installations.
Australia is now behind the United States and Canada in terms of having the highest number of installed cryptocurrency ATMs.
It was just the beginning of January 2023 when it was reported that Australia had earned the fourth spot as the country with the highest number of crypto ATMs.
Just as the month is about to come to an end, the country has risen to the rank of being the third-largest country in terms of crypto ATM installations.
Ever since Australia became the fourth largest country in terms of crypto ATMs, it has installed 16 more ATMs. This has increased the rank of Australia being the third largest country in terms of crypto ATMs.
Australia has 234 ATMs
With the addition of 16 new machines, the total crypto ATMs count in Australia has reached 234. Now the country is number three having the highest number of crypto ATMs after the US and Canada.
Prior to Australia’s jump, it was Spain that had the third spot. The particular country currently has a total of 222 cryptocurrency ATMs.
Australia is increasing its Crypto ATM Empire
The country’s empire has been growing larger when it comes to the adoption of crypto ATMs. It has installed a large number of ATMs in the past three months.
The report shows that the country has installed a total of 99 cryptocurrency ATMs all across the country in the past three months.
Prior to Spain and Australia, it was El Salvador that had the highest number of crypto ATMs installed after the US and Canada.
The US is currently home to 33,387 crypto ATMs while Canada has a total of 2,556 crypto ATMs.