Data from Coinatmradar reveals a staggering decline in crypto automated teller machines (ATMs) worldwide, with the total decreasing from 38,708 to just 27,945 machines in a span of 68 days. This steep drop highlights the impact of increasing regulatory pressure among states, leading to the closure of numerous kiosks.

Why This Development Matters

The latest figures from July 8, 2026, indicate that the U.S. has lost 10,763 crypto ATMs in a short period, marking the lowest count in years. This decline is more than just a number; it can significantly influence the accessibility and growth of cryptocurrency in the U.S. and beyond. Here are key highlights of the current situation:

  • Current number of crypto ATMs: 27,945
  • Decrease from peak: 10,763 machines
  • Bitcoin Depot's bankruptcy filing: May 18, 2026
  • States with outright bans: Four

The initial surge of installations seen from 2020 to 2022, where operators added over 2,000 machines monthly at the peak, has now taken a substantial downtrend. The data indicates that the last time the number of ATMs was this low dates back to September and October of 2021.

State Regulations and Their Effects

Recent legislation has contributed to this downturn. Notably, four states have enacted bans on crypto ATMs. Indiana was the first state to prohibit them entirely in March 2026. Tennessee followed suit with a ban effective July 1, which classified operation as a Class A misdemeanor. Minnesota and Vermont also introduced bans, further echoing a trend of tightening regulatory controls. Local governments, too, have taken actions such as restrictions in Spokane, Washington, and actionable legislation in St. Paul, Minnesota.

Bitcoin Depot, once a major player with around 9,700 machines, filed for Chapter 11 bankruptcy, citing compliance challenges and state bans as critical factors for its decline.

Looking Ahead: What Comes Next?

The future for crypto ATMs remains uncertain as several states contemplate further regulations. Delaware and New Jersey are currently considering their own prohibition bills, while local governments continue to shape the landscape. As developments unfold, keeping an eye on potential regulatory changes and their impacts on the ATM network will be crucial for stakeholders. Such circumstances could alter how easily consumers can engage with cryptocurrencies.

This material is for informational purposes only and should not be considered financial advice.