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Bear Market Effects: Installation of New Crypto ATMs Slows Down

The latest figures show that the first eleven months of 2022 have seen the installation of 6,100 new crypto automated teller machines (ATMs).

The temps have significantly slowed down due to the ongoing bear market. In comparison, over 20,300 crypto ATMs popped up in 2021 (when bitcoin and many altcoins charted their all-time high prices).

The total number of crypto ATMs across the globe is 38,863. The USA is the undisputed leader having over 34,000 of those machines located on its territory. Canada is second with 2,688, while Spain (262) and the first country to embrace bitcoin as legal tender – El Salvador (212) – are respectively third and fourth.

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