Digital Banking

Crypto ATM market to reach $1.88B

January 26, 2022

The cryptocurrency ATM market will reach $1.88 billion by 2028, according to a report by Grand View Research Inc. It will also grow at a compound annual growth rate of 59.2% from 2022 to 2028, according to a press release.

The primary drivers of the market include the increase in cryptocurrency users and the need to convert cryptocurrency to fiat. Other finding include:

• The bitcoin segment dominated the market in 2021.
• Restaurants and hospitality spaces held the highest market share for crypto ATMs.
• The hardware segment was the largest segment in 2021.