Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June.

Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.

The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 ATM installations in just the first ten days.

May 2022's decrease hit a range last seen in 2019 (see graph). In 2020 and 2021, Bitcoin ATM installations surged due to friendlier regulations and a profitable market when many cryptocurrencies reached all-time highs.

Crypto ATM installations peaked in 2021, with December witnessing 1971 ATMs installed in a month. However, up until June 2022, the numbers dropped 89.75% by May, which was followed by a swift recovery in the following month.

According to Coin ATM Radar’s gauge scale, which is based on the data collected over the last two months, nearly 23 crypto ATMs are being installed per day on an average globally.

Data also confirms that there are currently 38,000 operational ATMs installed across the world at the time of writing. Crypto ATMs serve a crucial purpose for the Bitcoin and crypto economy, allowing users and investors to exchange their fiat currencies against Bitcoin and vice versa.

May 2022's decrease hit a range last seen in 2019 (see graph). In 2020 and 2021, Bitcoin ATM installations surged due to friendlier regulations and a profitable market when many cryptocurrencies reached all-time highs.