Bitcoin ATM company reports annual installation numbers
Bitcoin ATM operator announces annual growth statistics, illustrating continued global adoption and network expansion.
On December 23, 2018, Bitcoin ATM operator CoinFlip reported annual installation data for 2018, highlighting the continued global expansion of cryptocurrency accessibility. According to the report, CoinFlip had deployed over 1,200 ATMs across North America, with additional growth in Europe and Asia through partnerships with local operators.
The company outlined metrics on transaction volume, average purchase amounts, and geographic adoption trends, showing a steady increase in user participation despite the ongoing 2018 bear market. Media outlets including CoinDesk, Bitcoin Magazine, and local business newspapers covered the announcement, noting that the growth of physical access points played a crucial role in enabling peer-to-peer Bitcoin adoption, facilitating remittances, and providing new entry points for retail users.
Analysts emphasized that Bitcoin ATMs served as tangible infrastructure supporting the cryptocurrency ecosystem, bridging technical developments such as the Lightning Network with real-world financial utility.