Massive shutdown of 3,600 Bitcoin ATMs across the globe

The Bitcoin ATM network has experienced its largest monthly decline in history, with over 3,600 machines shutting down in March 2023. This represents a

Highlights

• The Bitcoin ATM network has experienced its largest monthly decline in history, with over 3,600 machines shutting down in March 2023.
• This represents a 12% decrease from the previous month, and a 25% drop from the peak of 29,000 ATMs in December 2022.
• Several factors contributed to the decline of the network, such as regulatory pressure and market volatility.
• Hackers and thieves are often targeted by hackers and thieves who try to steal the funds stored in the machines or the customers’ private keys.
• The future of Bitcoin ATMs is uncertain, as it depends on various factors such as regulation, technology, competition, and consumer demand.

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