Australia Leads the World in Crypto ATM Growth as Kiosks Pour in [Financial Post (Toronto, Ontario, Canada)]
Bitcoin Depot Inc. - Class A (BTM)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bitcoin automatic-teller machines are streaming into Australia, making the country the fastest-growing market for the kiosks and stirring questions about the source of demand for the contentious service. Users of such ATMs can feed in cash to receive crypto in digital wallets or obtain physical notes from token sales. The US accounts for the vast bulk of the market with about 32,000 machines, followed by the roughly 3,000 in Canada, according to data collated by Coin ATM Radar. Australia is in third spot with nearly 1,200, up from just 73 two years ago, and more are on the way. In an August call with analysts, US-based Bitcoin Depot Inc.'s Chief Executive Officer Brandon Mintz said the company has over 200 kiosks in Australia waiting to be deployed pending a regulatory green light. Coin ATM Radar's data indicate the recent growth in Australia le
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