Latin America Crypto Atm Market Size & Outlook, 2023-2030
Latin America crypto atm market, 2018-2030 (US$M)
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Latin America crypto atm market highlights
- The Latin America crypto atm market generated a revenue of USD 6.0 million in 2023.
- The market is expected to grow at a CAGR of 68.8% from 2024 to 2030.
- In terms of segment, bitcoin was the largest revenue generating coin in 2023.
- Bitcoin is the most lucrative coin segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6.0 million |
| Market revenue in 2030 | USD 232.7 million |
| Growth rate | 68.8% (CAGR from 2023 to 2030) |
| Largest segment | Bitcoin |
| Fastest growing segment | Bitcoin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bitcoin, Ethereum, Litecoin, Dogecoin |
| Key market players worldwide | Bitcoin Depot Inc Ordinary Shares - Class A, Bitfarms Ltd, Lamassu Bitcoin Ventures, General Bytes, Coinme, CoinSource, Bitstop, Cryptomat |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global crypto atm market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 823.6 million by 2030.
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Crypto ATM Market Scope
Crypto ATM Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America crypto atm market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to crypto atm market will help companies and investors design strategic landscapes.
Bitcoin was the largest segment with a revenue share of 31.67% in 2023. Horizon Databook has segmented the Latin America crypto atm market based on bitcoin, ethereum, litecoin, dogecoin covering the revenue growth of each sub-segment from 2018 to 2030.
In Latin America, incumbents of the financial sector in countries such as Brazil are investing aggressively in innovative software solutions for cryptocurrency trading. They are also focusing on integrating the latest technologies, such as Internet of Things (IoT), Artificial Intelligence (AI), blockchain, and big data, into their products and solutions.
These factors are expected to contribute to the growth of the Latin American market. In Brazil, the installation of crypto ATMs at malls is expected to drive market growth. For instance, in September 2021, BR Malls, a mall franchise in Brazil, announced that it would deploy 15 crypto ATMs in malls across the country through a partnership with Coin Cloud, a Bitcoin ATM provider.
These crypto ATMs would offer 30 different currencies, including Bitcoin, Ethereum, Litecoin, and XRP. Moreover, the rising government initiatives to support cryptocurrency as a payment method are expected to further boost the market growth over the forecast period.
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Our clientele includes a mix of crypto atm market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America crypto atm market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America crypto atm market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America crypto atm market outlook size, by country, 2018-2030 (US$M)
Latin America Crypto ATM Market Outlook Share, 2023 & 2030 (US$M)
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