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Bloomberg Report: Australia Hotspot for Bitcoin ATMs with Fastest Growth Globally

Bloomberg Report: Australia Hotspot for Bitcoin ATMs with Fastest Growth Globally

Australia ranks highly for crypto ownership among developed countries and is now installing the facilities for investors to quickly withdraw BTC for cash. Melbourne, Sydney, Perth and Brisbane/Gold Coast lead the way, with the nation home to approximately 1,200 Bitcoin ATMs. This means the country has the third-most Bitcoin ATMs in the world, trailing only North American markets USA and Canada. Australia has cemented its position as a global leader in crypto adoption. Recent Swyftx surveys have identified Aussies as being in the top ten for digital asset ownership in the world, and now the infrastructure is arriving to support them. According to a Bloomberg article, Australia now sits as the "fastest-growing market" for Bitcoin ATMs in a trend that is expected to continue. Related: AFP Issues Alert on Crypto Scams Amid $180 Million Loss in Just 12 Months A 1,500% Increase in Bitcoin ATMs Sees Australia as Third-Biggest Market Coin ATM Radar, a platform that tracks crypto ATMs across the world, has revealed Australia is home to nearly 1,200 of the machines – ranking them third globally. The majority of the ATMs can be found in Melbourne (421) and Sydney (659), while expansion is notable in Western Australia/Perth (135) and Brisbane (223). It was only two years ago when Australia recorded 73 Bitcoin/crypto ATMs across the country – a whopping 1,543% increase in the market.

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