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Crypto ATM market sees 1,200-plus machines go offline

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March 4, 2025

The U.S. recently saw more than 1,200 cryptocurrency ATMs go offline in the first weekend of March. This caused a global net decline of 1,100 machines, as some machines were deployed in other markets like Canada, Poland, Spain and Australia, according to a report by Coin Telegraph.

This comes on the heels of proposed bitcoin ATM regulation by Illinois Sen. Dick Durbin. He has called for daily transaction limits to help prevent bitcoin ATM scams, where scammers get their victims to deposit their life savings into bitcoin ATMs.

Despite this decrease, the U.S. still has a market share of nearly 80% in the crypto ATM space, followed by Canada with 8.3% and Australia with 3.9%.

In other crypto news, President Trump announced a Crypto Strategic Reserve to enable the U.S. government to buy and sell cryptocurrency.