BITCOIN DEPOT
Bitcoin Depot (BTM) Faces Survival Doubts After $20M Legal Hit
Bitcoin Depot cites 'substantial doubt' over its future amid $20M legal judgments, revenue collapse, and regulatory challenges.
Decline in Cryptocurrency ATMs in 2023: A Global Perspective
In 2023, the global number of Bitcoin ATMs decreased by 11.1%, marking the first decline in a decade, with the U.S. being the largest host, contrasting with growth in the EU and other regions.
Bitcoin Depot Converts Crypto ATMs to Software
Bitcoin Depot, a provider of physical Bitcoin ATMs, has converted all of its 7,000 crypto ATMs and kiosks to a software-based offering powered by BitAccess. This move eliminates the need for annual software licensing fees and comes after Bitcoin Depot acquired majority equity in BitAccess in November 2022. The market for crypto ATMs has seen a decline in installations since July 2022, according to data from Coin ATM Radar.
Crypto ATM Operator Bitcoin Depot to Place Thousands of ATMs in Circle K
In Georgia, Bitcoin Depot, an Atlanta-based Bitcoin operator, announced the expansion of its cryptocurrency ATM business to Circle K convenience stores in more than 30 states in Canada and the United States.