{"id":438166,"date":"2023-09-11T17:02:23","date_gmt":"2023-09-11T17:02:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=438166"},"modified":"2023-09-11T17:02:23","modified_gmt":"2023-09-11T17:02:23","slug":"bitgamo-to-open-75-crypto-atms-in-europe-next-year","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitgamo-to-open-75-crypto-atms-in-europe-next-year","title":{"rendered":"Bitgamo To Open 75 Crypto ATMS in Europe Next Year"},"content":{"rendered":"

Bitgamo, a crypto-to-fiat exchange based in Luxemburg, said it will open 75 cryptocurrency ATMs across Europe in 2024.<\/p>\n

Bitgamo<\/a> says it’s a fast-growing exchange that is known for its no-KYC (know your customer) policy, enabling its users to trade crypto without registering or disclosing personal information. Luxemburg does not require such disclosures.<\/p>\n

https:\/\/twitter.com\/bitgamo\/status\/1700855937039245750?s=20<\/p>\n

According to Coin ATM radar<\/a>, a site that enables users to find crypto ATMs<\/a>, there are currently over 32,000 crypto ATMs located in 69 countries. These ATMs are stand-alone electronic kiosks where users can sell cryptocurrencies for cash.<\/p>\n

Crypto ATMs have become increasingly popular among crypto users and enthusiasts and as a result, the number of ATMs has increased significantly, especially since 2021. The first was set up in 2014 in Canada.<\/p>\n

Bitgamo To Face Europe’s Competitive Crypto ATM Market<\/h2>\n

If Bitgamo<\/a> successfully establishes its crypto ATMs in Europe, it will add to the more than 1,400 ATMs that currently exist on the continent, according to statistics from Coin ATM radar<\/a>. Of these, 234 are operated by Kurant, which runs 15.9% of all of Europe’s crypto ATMs.<\/p>\n

Top Crypto ATM Operators in Europe<\/strong><\/p>\n

\"top<\/a>
Source: CoinATmRadar<\/a><\/figcaption><\/figure>\n

Kurant is followed closely by Shitcoins, which operates 222 ATMs, or 15.1% of the ATMs in Europe. The top 10 operators in the continent run 934 crypto ATMs, or 63.4% of the total.  There are 137 operators in Europe making it a competitive space to venture into.<\/p>\n

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