Market Overview

Cryptocurrency ATMs are the easiest means to buy cryptocurrencies, which also support selling of the digital currencies. Owing to their capability to support multiple forms of cryptocurrencies and ability to support any national currencies across the globe, these machines have gained significant traction over the past few years. Prominent growth factor fueling demand is the proliferation of these digital assets or currencies, across the globe and growing acceptance of these decentralized means of transactions

Cryptocurrencies are driven by several advantages over the conventional currencies such as the limited supply, growing number of investors, growing user confidence, growing mining complexity, and substantial support by the media. In October 2013, Robocoin machine was introduced as the world’s first publicly available bitcoin machine to improve the transaction ability. The machine witnessed 348 transactions, in its first eight days of installation with an average transaction value of USD 273. In its first installation, the (ROI) reported was less than a month.

Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/979

Market Dynamics

Growth of over 200% Digital currency market capital witnessed from March 2015 to March 2016, according to CoinMarketCap. Moreover, according to Coherent Market analysis, the valuation is expected to witness growth of over 600% in 2017 with respect to the previous year. Requirement to provide easy transaction means and the associated profit will present substantial growth potential over the forecast period. Furthermore, ease of deployment at any outlet, ease of accountability, secured transaction ability (owing to utilization of blockchain technology) and anonymity are among its major advantages. However, high initial deployment costs and regulations are among the chief drawbacks that will continue to hamper the industry growth through the forecast period. For instance, China, Russia, Bangladesh are among the few countries that have witnessed bans and introduction of stringent regulations to restrict the utilization of these digital assets.

Detailed Segmentation:

Global Cryptocurrency ATM Market, By Revenue Source:

New Installations

One-way ATM

Two-way ATM

Revenue through other sources

Transaction Commissions

Server utilization

Technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization)

Global Cryptocurrency ATM Market, By Cryptocurrency Type:

Bitcoin

Litecoin

Dash

Ether

Dogecoin

Other cryptocurrencies

Global Cryptocurrency ATM Market, By Geography:

North America

By Revenue Source:

New Installations

One-way ATM

Two-way ATM

Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/979

Key companies covered as a part of this study include Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, BitTeller, Skyhook, and LocalBitcoins.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.



Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: [email protected]

Visit Our Blogs: https://blog.coherentmarketinsights.com