Bitgamo Prepares for Expansion with 75 Crypto ATMs in Europe
Bitgamo, a popular cryptocurrency exchange known for its no-KYC policy, is gearing up for further growth as it plans to install 75 crypto ATMs across Europe in 2024. This move comes at a time when the European Union (EU) is set to implement the Markets in Crypto-Assets Regulation (MiCA), a comprehensive regulatory framework for crypto assets aimed at combatting money laundering and terrorism financing.
Despite the challenges that MiCA may pose, Bitgamo remains optimistic about its future prospects. Gabriel Weber, the Director of Communications at Bitgamo, expressed confidence in the exchange’s ability to navigate these challenges and continue providing users with the best market rates.
The Global Landscape of Crypto ATMs
Currently, there are 32,088 Bitcoin ATMs worldwide, operated by 508 entities. In Europe, there are 1,473 crypto ATMs, accounting for 4.6% of the global total. Spain leads the way in Europe with a concentration of 0.8% of crypto ATMs.
Hot Take: Bitgamo Expands its Reach with Crypto ATMs
Bitgamo’s decision to install 75 crypto ATMs across Europe demonstrates the exchange’s commitment to expanding its services and reaching a wider audience. While the impending implementation of MiCA may pose challenges, Bitgamo remains confident in its ability to navigate the changing regulatory landscape. By providing users with convenient access to cryptocurrencies through ATMs, Bitgamo aims to make the buying and selling process more accessible and efficient. With the global presence of crypto ATMs steadily increasing, Bitgamo’s expansion plans align with the growing demand for easy and secure cryptocurrency transactions.
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