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Fortune
Fortune
Taylor Locke

Installation of crypto ATMs hits record low in September as downturn continues

(Credit: Illustration by Fortune)

Many facets of the crypto industry took a big hit amid the market downturn, including the use and installation of crypto ATMs. 

Over the years, the growth of crypto ATM installations had increased steadily, jumping slightly in August to around 34,123, as Bloomberg first reported, citing data from Crypto ATM Radar. But in recent months things have shifted, and for the first time ever in September more crypto ATMs were removed than installed in the U.S.

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