Bitgamo To Open 75 Crypto ATMS in Europe Next Year

Bitgamo, a crypto-to-fiat alternate based mostly in Luxemburg, stated it should open 75 cryptocurrency ATMs throughout Europe in 2024.

Bitgamo says it’s a fast-growing alternate that’s recognized for its no-KYC (know your buyer) coverage, enabling its customers to commerce crypto with out registering or disclosing private data. Luxemburg doesn’t require such disclosures.

Bitgamo to Convey 75 Crypto ATMs in Europe in 2024 https://t.co/fXVIhjbIKd by way of @YahooFinance

— Bitgamo (@bitgamo) September 10, 2023

In accordance with Coin ATM radar, a web site that allows customers to seek out crypto ATMs, there are presently over 32,000 crypto ATMs positioned in 69 nations. These ATMs are stand-alone digital kiosks the place customers can promote cryptocurrencies for money.

Crypto ATMs have turn into more and more fashionable amongst crypto customers and fanatics and because of this, the variety of ATMs has elevated considerably, particularly since 2021. The primary was arrange in 2014 in Canada.

Bitgamo To Face Europe’s Aggressive Crypto ATM Market

If Bitgamo efficiently establishes its crypto ATMs in Europe, it should add to the greater than 1,400 ATMs that presently exist on the continent, based on statistics from Coin ATM radar. Of those, 234 are operated by Kurant, which runs 15.9% of all of Europe’s crypto ATMs.

High Crypto ATM Operators in Europe

Kurant is adopted intently by Shitcoins, which operates 222 ATMs, or 15.1% of the ATMs in Europe. The highest 10 operators within the continent run 934 crypto ATMs, or 63.4% of the whole.  There are 137 operators in Europe making it a aggressive area to enterprise into.

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