El Salvador Loses Position As 4th Largest Crypto ATM Hub To Australia

Australia saw 216 crypto ATMs installations in 2022 pushing El Salvador, the first country to adopt Bitcoin as legal tender, down to the fourth spot as the country with the most crypto ATM installations.

El Salvador’s President Nayib Bukele had installed over 200 crypto ATMs across the country as the central American nation went all out for Bitcoin.

At the time, the move made El Salvador the third-largest crypto ATM hub, trailing only the United States and Canada in September 2021.

In 2022, Spain and Australia kicked El Salvador off the ATM count in 2022.

On October 2022, Spain became the third-largest crypto ATM hub after installing 215 crypto ATMs. Spain is currently home to 226 crypto ATMs.

In the last three months of 2022, Australia deployed 99 crypto ATMs.

The total number of crypto ATMs worldwide is 38,602, out of which 6,071 ATMs were installed in 2022 alone.

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