Analysis: Crypto ATM Industry Will Grow Tenfold in Next Five Years92.18

Many experienced cryptocurrency investors and traders classify crypto ATMs as a gimmick, as these machines charge exorbitant fees in comparison to digital fiat-to-crypto exchanges, like Coinbase, Bittrex or Bitstamp. But as decentralized technologies develop and more individuals seek to enter the cryptosphere, analysts predict that the value of the global crypto ATM market will skyrocket in correlation with surging demand for accessible fiat on-ramps.

In a report titled “Crypto ATM Market by Type… Global Forecast To 2023,” relayed by, analysts painted a very bright picture when it comes to the future of the crypto ATM sub-industry. According to the optimist analysts cited in the 94-page report, this specific market is forecast to grow from a value of $16.3 million in 2018 to $144.5 million in 2023, or a gain of nearly tenfold in the span of half a decade.

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