Krutika Adani
In the past two years, between 2022 and 2024, Australia has seen the highest growth in crypto ATMs globally.
From just 67 ATMs in 2022, the country had more than 1200 ATMs in 2024.
With the rapid growth and high demand for crypto ATMs, Australia might soon reach the second position next to the US.
The USA leads the crypto ATM market globally with 32,000 machines, while Canada is a distant second with roughly 3,000 machines.
Experts are concerned with the potential rise in scams as ATMs provide a quick conversion from crypto to cash, helping them to launder funds easily.