Bitcoin ATM decline: Over 400 machines went off the grid in under 60 days

Between December 2020 and January 2022, more than 1,000 crypto and Bitcoin ATMs were installed each month. Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines. Since 2014, the…