Global crypto ATMs fall from 38,708 to 27,945

Coinatmradar data shows the global number of crypto automated teller machines fell from 38,708 on May 1 to 27,945 as of July 8, 2026, a decline of 10,763 machines. The change occurred over 68 days and reflects large removals in the United States.

The drop accelerated after Bitcoin Depot filed for Chapter 11 on May 18, 2026. Once one of the largest operators with roughly 9,700 kiosks, the company began winding down its network and pulled thousands of machines offline. Kroll is managing the bankruptcy estate and Bitcoin Depot’s remaining machines, contracts and retail partnerships are listed as assets that could be sold.

State laws enacted in 2026 removed sizable portions of the network. Indiana’s HB 1116, signed in March, prohibits crypto ATMs in the state. Tennessee’s HB 2505, signed April 13 and effective July 1, makes owning or operating a kiosk a Class A misdemeanor. Minnesota’s SF 3868, signed May 5, bans operations effective Aug. 1 with full removal required by 2027. Vermont’s Act 142, signed June 16 and effective July 1, bars operators from locating or running kiosks and voids existing registrations. Delaware and New Jersey had prohibition bills in committee as of early July but had not enacted bans.

Coinatmradar’s monthly installation data shows steady growth from 2020 through 2022, with operators adding more than 2,000 machines per month at peak. That trend reversed between 2023 and 2025. The most recent reporting period recorded a single monthly net change of roughly minus 10,230 machines for June 1, 2026. Geo-distribution figures indicate the U.S. accounted for the majority of losses, falling from 30,247 machines on March 29, 2026 to about 20,005 by early July.

Regulators and lawmakers pointed to fraud and consumer harm as reasons for action. The FBI logged thousands of complaints tied to crypto ATMs in 2025, with reported losses in the hundreds of millions of dollars. Investigations and complaints frequently involve romance scams and investment fraud schemes that direct victims to nearby kiosks because transactions clear quickly and cannot be reversed. States that did not ban machines outright have applied transaction caps, mandatory fraud warnings, money-transmitter licensing and refund rules that often require a police report before a refund is issued. California, Arizona, Georgia, Virginia and Arkansas added such rules since 2025.

Some local governments moved before state legislatures. Spokane, Washington, and the Minnesota cities of Stillwater and St. Paul have restricted or barred machines at the municipal level. Industry filings and the Bitcoin Depot bankruptcy cited thin per-transaction fees, rising compliance costs and mounting litigation as pressures on the business model.

The remaining 27,945 machines are concentrated in states with lighter regulation. New installations have continued in some of those states, but the additions have not offset the removals tied to bans and operator exits. The fate of Bitcoin Depot’s assets and any further state legislation will affect the size and ownership of the network for the remainder of 2026.