2026-01-12 08:26:13

Looking at the latest industry data, I found that the offline cash-to-crypto on-ramps are far from being "obsolete" as imagined.

**The ATM market is actually accelerating growth**

The number of global crypto ATMs is expected to reach 37,000 to 39,000 by the end of 2024, and it continues to expand in 2025, with a growth rate between 3.8% and 7%. Some research institutions predict that the annual growth rate could reach 40% to 62.5% in the future. Although some inefficient machines will be shut down by the end of 2025, the overall installation and transaction volume are actually increasing, especially in the US market (accounting for over 80% of the global share). In terms of market size, it is estimated to be around $300 million to $400 million in 2025, and is expected to reach $1.2 billion to $1.5 billion by around 2030. This indicates that demand has not weakened but is instead moving toward mainstream adoption.

**Some user groups simply cannot do without cash channels**

There are still tens of millions of adults in the US who do not have bank accounts or lack trust in traditional banking systems. These people are accustomed to cash transactions and need a fast, anonymous, and instant channel to convert cash into crypto assets. Buying coins via mobile apps often requires KYC verification and bank card binding, which creates barriers for them.

Another group prioritizes privacy—they simply do not want to leave transaction traces on centralized exchanges. Using ATMs for small cash transactions offers greater anonymity and meets the needs of this segment. From this perspective, this market is far from saturated.

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FudVaccinator

· 01-15 08:23

Wow, ATM can actually reach 15 billion? I thought it should have been phased out long ago... Turns out I still underestimated the demand from cash users.

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AltcoinMarathoner

· 01-14 15:38

just like hitting mile 20 in an ultra, everyone thought cash on-ramps were dead but they're literally just getting their second wind. the unbanked millions aren't checking charts on their phones, they're stacking sats at the corner ATM. that's real adoption, not the noise.

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ImpermanentPhobia

· 01-14 12:27

Oops, ATM has indeed been underestimated. Many people only look at on-chain data but ignore these off-chain entry points. NGL, this is truly the real mass adoption channel. It's much more user-friendly compared to those exchanges that require KYC. The demand from tens of millions of people without bank accounts is right here. Do you say it's outdated? That's a joke.

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AlwaysMissingTops

· 01-12 08:53

Wow, so ATM can still be so powerful? I thought it was already out of the game. I knew it, those without bank accounts definitely need this. The channel from cash to crypto can't be cut off. But the forecast range of 12 to 150 billion is too wide... Can this data be referenced?

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CryptoWageSlave

· 01-12 08:53

Wow, over 37,000 ATMs are still growing? I thought this thing would have died long ago, but it seems some people still use it. But on the other hand, those without bank accounts really need this thing; KYC is too troublesome. $15 billion by 2030? That number is way over the top... Who doesn't want to buy coins anonymously? It's just that the fees are too high, and you're always getting ripped off. By the way, are there many ATMs where you are? I haven't seen many here. Wait, 80% market share in the US? So concentrated? What about other places? I understand the privacy-first approach, but nowadays, KYC really can't be avoided. I feel like ATMs are just a transitional product; the real mainstream is still mobile payments.

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TrustlessMaximalist

· 01-12 08:52

Honestly, I didn't expect this data. I thought crypto ATMs would have died long ago, but then I saw predictions of 1.2 to 15 billion... It's a bit hard to believe.

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LiquidityWizard

· 01-12 08:42

ngl the 40-62.5% cagr projection is straight up optimistic but like... given the unbanked demographic angle, statistically significant demand actually exists here. contrary to popular belief this isn't dead.

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SleepTrader

· 01-12 08:41

Huh? I thought cash ATMs should have been phased out long ago, but I didn't expect demand to be so high here in the US. Really, many people can't get through the exchange's KYC process at all; cash is the only necessity. A blessing for privacy advocates...

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RugPullProphet

· 01-12 08:36

Wow, 37,000 ATMs are still expanding wildly? I really thought this thing would be dead long ago... Turns out I underestimated the demand from cash users.

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