Canada Bitcoin ATMs Record 28% Surge Amidst Price Bear Market

Despite the recent downturn in Bitcoin prices, Canada continues to increase its Bitcoin ATM installation rate. Data from Coin ATM Radar currently shows a 28% growth year-over-year, highlighting a strong and persistent interest in cryptocurrency access within the country.

Bitcoin ATM Locations Surged By 28% In Canada

According to Coin Surges, Canada has seen a remarkable increase in the number of Bitcoin ATMs. There are currently 2,549 Bitcoin ATMs in Canada, a 28% rise over the previous year. This significant growth demonstrates a commitment to providing convenient access to Bitcoin, even during a challenging market environment.

While downtrends in crypto prices have affected the industry’s growth in some areas, crypto-related developments continue to make headlines almost daily. This time, the north-American country Canada made rapid strides in guaranteeing that Bitcoin ATM locations increased despite the negative market trend. In line with the findings of the crypto ATM sector, Canada is bucking the trend of stagnation seen elsewhere.

A central bank survey in Canada estimated a two-fold increase in BTC ownership, compared to the 5% previously disclosed. BTC ATMs were below 2025 last year, indicating substantial growth and adoption within a relatively short period. This expanding network of Bitcoin ATMs offers Canadians a tangible and readily available on-ramp to the world of cryptocurrency.