Australia's Bitcoin ATMs Surge 15x, Now Third-Largest Network Globally

Aug 29, 2024, 07:58 PM

Australia has emerged as the fastest-growing market for Bitcoin ATMs, with the number of installations increasing over 15 times. This rapid growth has propelled Australia to surpass Asia in Bitcoin ATM installations, making it the third-largest network globally. The surge in installations since the start of 2023 has sparked questions about the source of demand for this contentious service, which is sometimes linked with criminal activity.