Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.
Australia has seen the number of new crypto ATMs swell by 17 times in the past two years, making it one of the world’s fastest-growing markets for the kiosks, despite rising concerns over their use by malicious actors.
The country is now the world’s third-largest market for crypto ATMs with 1,162 machines — up from just 67 in August 2022, data from Coin ATM Radar shows.
This means that 160 ATMs have been added since the end of April, when Australia just crossed the milestone of having over 1,000 active machines in operation.
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Author: Jesse Coghlan
