What Has Led to the Increase of Cryptocurrency ATMs in Colombia?
Colombia is experiencing a surge in cryptocurrency ATM installations, making it a focal point for digital asset adoption in Latin America. But what's driving this growth?
Colombia Leads the Way in Latin American Crypto ATMs
It's undeniable: Colombia now boasts a significant presence in the crypto ATM landscape. Here are the Top 5 Latin American countries that host the largest amount of crypto ATMs:
- Colombia.
With 27 machines, Colombia has the most amount of Crypto, Colombia now has the most Bitcoin ATMs in Latin America. CoinATMRadar reports that the capital city Bogota contains 34 ATMs while other cities hold some. Athena Surprisingly, at present Colombia is hosting 50 cryptocurrency ATMs and ranks second among the latam region.
Factors Fueling the Growth
Several key factors contribute to the rise of crypto ATMs in Colombia:
- Increasing Crypto Adoption: Colombians are increasingly interested in cryptocurrencies as an alternative investment and a means of exchange. According to Chainalysis’ 2025 global crypto adoption index, was
- Financial Inclusion: Crypto ATMs provide access to digital assets for individuals who may lack traditional banking services.
- Remittances: Cryptocurrencies offer a potentially cheaper and faster way to send and receive remittances, a significant economic driver in Colombia.
- Technological Infrastructure: Colombia's developing technological infrastructure supports the deployment and use of crypto ATMs.
Colombia becomes the second country of Latin America with increased adoption of ATMs from bitcoin, Surpassed by The Savior, country that has chosen the BTC as legal tender. The New Colombia led the pack with respect to the number of ATMs in Latin America before El Salvador, and according to Chainalysis’ 2025 global crypto adoption index, was
Bogota and Medellin: Crypto ATM Hotspots
The distribution of crypto ATMs isn't uniform across the country. Colombia hosts the highest number of bitcoin ATMs of any Latin American country, with the highest concentration of machines split between Bogotà at 32 and Medellin at. These major urban centers are leading the charge in crypto adoption and ATM deployment.
Challenges and Regulatory Landscape
Despite the growth, challenges remain. Colombia’s unfavorable legal regulations had created barriers to widespread adoption. Clearer and more supportive regulatory frameworks are crucial for fostering sustainable growth in the crypto ATM sector.