Crypto ATM Market

Crypto ATM Market by Type (One Way and Two Way), Automated Teller Machine Hardware (Display, Printer, QR Scanner), and Geography (North America, Europe, Asia Pacific (APAC), Rest of the World (RoW) - Global Forecast to 2023

Report Code: SE 6560 Aug, 2018, by marketsandmarkets.com

[93 Pages Report] The crypto ATM market is expected to reach USD 144.5 million by 2023 from USD 6.8 million in 2017, at a CAGR of 54.7% during the forecast period. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023. The objective of the report is to provide a detailed analysis of the market based on type, ATM hardware, and geography. The report also provides information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges), along with the detailed value chain. In addition, the key players in the market have been strategically profiled, and their market ranking and core competencies have been comprehensively analyzed, along with detailing the competitive landscape for these market players and strategies such as product launches and developments, acquisitions, partnerships, collaborations, and contracts adopted by them to grow in the market.

This research study involves an extensive use of secondary sources, directories, and databases (such as annual reports, press releases, journals, ICT Solutions & Education, the Department of Telecommunication (multiple countries), the Institute of Electrical and Electronics Engineers (IEEE), company websites, and other paid databases) to identify and collect information useful for this study. The entire procedure includes the study of the financial reports of top market players. After arriving at the overall market size, the total market has been split into several segments and subsegments, and this data has been confirmed with the key industry experts, such as CEOs, VPs, directors, and marketing executives. The figure provided below shows the breakdown of primaries based on company type, designation, and region conducted during the research study.

Crypto ATM Market

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GENERAL BYTES (Czech Republic), Genesis Coin (US), Lamassu (UK), COVAULT (US), Bitaccess (Canada), Coinme (US), Coinsource (US), Bitxatm (German), Orderbob (Austria), and RUSbit (Russia) are a few major players in the crypto ATM market.

Target Audience:

  • Crypto ATM providers
  • Crypto ATM distributors
  • Research organizations and consulting companies pertaining to crypto ATM
  • Associations, organizations, forums, and alliances related to crypto ATM
  • Venture capitalists, private equity firms, and start-up companies

The market segmentation in this report is as follows:

Crypto ATM Market,by Type:

  • 1 Way
  • 2 Way

Crypto ATM Market,by ATM Hardware:

  • Display
  • ATM Printer
  • QR Scanner
  • Others

Crypto ATM Market,by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Austria
    • UK
    • Czech Republic
    • Spain
    • Switzerland
    • Netherlands
    • Italy
    • Slovakia
    • Finland
    • Poland
    • Russia
    • Rest of Europe (Rest of Europe mainly includes Slovenia, Hungary, Romania, Greece, Belgium, Israel, Croatia, Serbia, Kosovo, Ukraine, Malta, Georgia, Norway, Denmark, Estonia, Portugal, France, Iceland, and Ireland.)
  • Asia Pacific (APAC)
    • Australia
    • China
    • Japan
    • Rest of APAC (Singapore, Taiwan, Vietnam, New Zealand, Mongolia, and Thailand)
  • Rest of the World
    • Central and South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company-s specific needs. The following customization options are available for the crypto ATM market report:

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain


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The crypto ATM market is expected to grow from USD 16.3 million in 2018 to USD 144.5 million by 2023, at a CAGR of 54.7% from 2018 to 2023. Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the market.

The demand for 2-way crypto ATMs is growing due to its multifunctionality features. A 2-way crypto ATM offers multiple options for cryptocurrencies and fiat currencies trading. In a 2-way ATM, a user can buy cryptocurrencies and also sell them using a single machine. These ATMs are chiefly installed in North America. Crypto ATM is significantly used by cryptocurrency investors; therefore, the market for 2-way crypto ATM is expected to grow at a significant CAGR during the forecast period.

The market for ATM printers in the market is expected to grow at the highest CAGR from 2018 to 2023 owing to its functionality of providing public and private keys on printed receipts. ATM printer in a crypto ATM is an output component. It can dispense receipts as per the ATM application. It is mainly used for printing QR codes. It generates a receipt for every transaction; these receipts contain public and private keys in the form of QR codes.

Crypto ATM Market

North American crypto ATM market is expected to hold the largest share of the crypto market by 2023. The US is expected to continue to dominate the market during the forecast period owing to the presence of a large number of crypto ATM hardware and software providers and favorable investment environment (without any legal barriers). In 2017, the Government of Mexico declared bitcoin legal, and it would be regulated by the Fintech Law. In addition, Canada has recorded extensive start-up activity, especially for cryptocurrency.

Uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrencies restrict the market growth for crypto ATM manufacturers and operators. Further, concern regarding security and privacy is expected to pose a challenge to the market players.

GENERAL BYTES (Czech Republic), Genesis Coin (US), Lamassu (UK), COVAULT (US), Bitaccess (Canada), Coinme (US), Coinsource (US), Bitxatm (German), Orderbob (Austria), and RUSbit (Russia) are a few key players in the market. These players adopted strategies such as product launches and developments, acquisitions, partnerships, collaborations, and contracts to grow in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in Crypto ATM Market
    4.2 Market, By Type, 2018-2023 (USD Million)
    4.3 Market, By Countries and Technology
    4.4 Market, Geographical Snapshot

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Fund Transfers in Developing Countries
                    5.2.1.2 Fluctuating Monetary Regulations
                    5.2.1.3 Increasing Installations of Crypto ATMs in Restaurants, Bars, General Stores, and Gas Stations
           5.2.2 Restraints
                    5.2.2.1 Uncertain Regulatory Status of Cryptocurrencies
                    5.2.2.2 Lack of Awareness and Technical Understanding Regarding Cryptocurrency
           5.2.3 Opportunities
                    5.2.3.1 Significant Growth Opportunities in Developed Markets
                    5.2.3.2 Acceptance of Cryptocurrency Across Industries
           5.2.4 Challenges
                    5.2.4.1 Concern Regarding Security and Privacy
                    5.2.4.2 Technical Challenges Pertaining to Scalability
    5.3 Value Chain Analysis

6 Crypto ATM Market, By Type (Page No. - 33)
    6.1 Introduction
    6.2 1 Way
    6.3 2 Way

7 Crypto ATM Market, By Hardware (Page No. - 35)
    7.1 Introduction
    7.2 Display
    7.3 ATM Printer
    7.4 Qr Scanner
    7.5 Others

8 Geographic Analysis (Page No. - 38)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Austria
           8.3.2 UK
           8.3.3 Czech Republic
           8.3.4 Spain
           8.3.5 Switzerland
           8.3.6 Netherlands
           8.3.7 Italy
           8.3.8 Slovakia
           8.3.9 Finland
           8.3.10 Poland
           8.3.11 Russia
           8.3.12 Rest of Europe
    8.4 APAC
           8.4.1 Australia
           8.4.2 China
           8.4.3 Japan
           8.4.4 Rest of APAC
    8.5 Rest of the World
           8.5.1 Central and South America
           8.5.2 Middle East and Africa

9 Competitive Landscape (Page No. - 71)
    9.1 Introduction
    9.2 Competitive Analysis
    9.3 Market Ranking Analysis, 2017

10 Company Profiles (Page No. - 73)
(Business Overview, Business Timeline, Products Offered, Regional Presence, MnM Analysis)*
     10.1 Key Players
             10.1.1 General Bytes
             10.1.2 Genesis Coin
             10.1.3 Lamassu
             10.1.4 Bitaccess
             10.1.5 Covault
             10.1.6 Coinsource (Operator)
             10.1.7 Bitxatm
             10.1.8 Coinme (Operator)
             10.1.9 Orderbob
             10.1.10 Rusbit

*Details on Business Overview, Business Timeline, Products Offered, Regional Presence, MnM Analysis Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 87)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets- Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (63 Tables)

Table 1 Crypto ATM Market, By Type, 2015-2023 (USD Thousand)
Table 2 Market, By Hardware, 2015-2023 (USD Thousand)
Table 3 Market, By Region, 2015-2023 (USD Thousand)
Table 4 Crypto ATM Hardware Market, By Region, 2015-2023 (USD Thousand)
Table 5 Market in North America, By Country, 2015-2023 (USD Thousand)
Table 6 Market in North America, By Type, 2015-2023 (USD Thousand)
Table 7 Crypto ATM Hardware Market in North America, By Country, 2015-2023 (USD Thousand)
Table 8 Market in North America, By Hardware, 2015-2023 (USD Thousand)
Table 9 Market in US, By Type, 2015-2023 (USD Thousand)
Table 10 Market in US, By Hardware, 2015-2023 (USD Thousand)
Table 11 Market in Canada, By Type, 2015-2023 (USD Thousand)
Table 12 Market in Canada, By Hardware, 2015-2023 (USD Thousand)
Table 13 Market in Mexico, By Type, 2015-2023 (USD Thousand)
Table 14 Market in Mexico, By Hardware, 2015-2023 (USD Thousand)
Table 15 Market in Europe, By Country, 2015-2023 (USD Thousand)
Table 16 Market in Europe, By Type, 2015-2023 (USD Thousand)
Table 17 Crypto ATM Hardware Market in Europe, By Country, 2015-2023 (USD Thousand)
Table 18 Market in Europe, By Hardware, 2015-2023 (USD Thousand)
Table 19 Market in Austria, By Type, 2015-2023 (USD Thousand)
Table 20 Market in Austria, By Hardware, 2015-2023 (USD Thousand)
Table 21 Market in UK, By Type, 2015-2023 (USD Thousand)
Table 22 Market in UK, By Hardware, 2015-2023 (USD Thousand)
Table 23 Market in Czech Republic, By Type, 2015-2023 (USD Thousand)
Table 24 Market in Czech Republic, By Hardware, 2015-2023 (USD Thousand)
Table 25 Market in Spain, By Type, 2015-2023 (USD Thousand)
Table 26 Market in Spain, By Hardware, 2015-2023 (USD Thousand)
Table 27 Market in Switzerland, By Type, 2015-2023 (USD Thousand)
Table 28 Market in Switzerland, By Hardware, 2015-2023 (USD Thousand)
Table 29 Market in Netherlands, By Type, 2015-2023 (USD Thousand)
Table 30 Market in Netherlands, By Hardware, 2015-2023 (USD Thousand)
Table 31 Market in Italy, By Type, 2015-2023 (USD Thousand)
Table 32 Market in Italy, By Hardware, 2015-2023 (USD Thousand)
Table 33 Market in Slovakia, By Type, 2015-2023 (USD Thousand)
Table 34 Market in Slovakia, By Hardware, 2015-2023 (USD Thousand)
Table 35 Market in Finland, By Type, 2015-2023 (USD Thousand)
Table 36 Market in Finland, By Hardware, 2015-2023 (USD Thousand)
Table 37 Market in Poland, By Type, 2015-2023 (USD Thousand)
Table 38 Market in Poland, By Hardware, 2015-2023 (USD Thousand)
Table 39 Market in Russia, By Type, 2015-2023 (USD Thousand)
Table 40 Market in Russia, By Hardware, 2015-2023 (USD Thousand)
Table 41 Market in Rest of Europe, By Type, 2015-2023 (USD Thousand)
Table 42 Market in Rest of Europe, By Hardware, 2015-2023 (USD Thousand)
Table 43 Market in APAC, By Country, 2015-2023 (USD Thousand)
Table 44 Market in APAC, By Type, 2015-2023 (USD Thousand)
Table 45 Crypto ATM Hardware Market in APAC, By Country, 2015-2023 (USD Thousand)
Table 46 Market in APAC, By Hardware, 2015-2023 (USD Thousand)
Table 47 Market in Australia, By Type, 2015-2023 (USD Thousand)
Table 48 Market in Australia, By Hardware, 2015-2023 (USD Thousand)
Table 49 Market in China, By Type, 2015-2023 (USD Thousand)
Table 50 Market in China, By Hardware, 2015-2023 (USD Thousand)
Table 51 Market in Japan, By Type, 2015-2023 (USD Thousand)
Table 52 Market in Japan, By Hardware, 2015-2023 (USD Thousand)
Table 53 Market in Rest of APAC, By Type, 2015-2023 (USD Thousand)
Table 54 Market in Rest of APAC, By Hardware, 2015-2023 (USD Thousand)
Table 55 Market in RoW, By Region, 2015-2023 (USD Thousand)
Table 56 Market in RoW, By Type, 2015-2023 (USD Thousand)
Table 57 Crypto ATM Hardware Market in RoW, By Region, 2015-2023 (USD Thousand)
Table 58 Market in RoW, By Hardware, 2015-2023 (USD Thousand)
Table 59 Market in Central and South America, By Type, 2015-2023 (USD Thousand)
Table 60 Market in Central and South America, By Hardware, 2015-2023 (USD Thousand)
Table 61 Market in Middle East and Africa, By Type, 2015-2023 (USD Thousand)
Table 62 Market in Middle East and Africa, By Hardware, 2015-2023 (USD Thousand)
Table 63 Market Ranking, 2017


List of Figures (25 Figures)

Figure 1 Market: Research Design
Figure 2 Market Size Estimation Methodology: Top-Down Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Data Triangulation
Figure 5 Market for ATM Printer to Grow at Highest CAGR During Forecast Period
Figure 6 Market, By Geography, 2017
Figure 7 Market Expected to Grow at A High CAGR Between 2018 and 2023
Figure 8 Market for 2-Way Crypto ATM to Grow at Higher CAGR During Forecast Period
Figure 9 US Held Major Share of Market in 2017
Figure 10 US Held Largest Share of Market in 2017
Figure 11 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 12 Market: Value Chain Analysis
Figure 13 2-Way Crypto ATM to Grow at Higher CAGR From 2018 to 2023
Figure 14 Market for ATM Printer to Grow at Highest CAGR From 2018 to 2023
Figure 15 North America: Market Snapshot
Figure 16 2-Way Crypto ATM to Grow at Higher CAGR in US During Forecast Period
Figure 17 Market to Grow at Highest CAGR in Slovakia During Forecast Period
Figure 18 2-Way Crypto ATM to Grow at Higher CAGR in Europe During Forecast Period
Figure 19 2-Way Crypto ATM to Grow at Higher CAGR in Slovakia During Forecast Period
Figure 20 APAC: Crypto ATM Snapshot
Figure 21 2-Way Crypto ATM to Grow at Higher CAGR in Australia During Forecast Period
Figure 22 2-Way Crypto ATM to Grow at Higher CAGR in RoW During Forecast Period
Figure 23 Market: Top 5 Players Competitive Analysis
Figure 24 Timeline: General Bytes
Figure 25 Timeline: Covault


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Report Code
SE 6560
Published ON
Aug, 2018
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