Bitcoin ATMs see growth after 4 month decrease

Bitcoin ATMs saw a net increase of 1,397 in May, reversing a four month decline. From January to April, there was a net decrease of 5,850 machines, according to a report by Coin Telegraph.

The trend appears to be continuing as there have been a net increase of 319 machines in June so far, according to Coin ATM Radar. The U.S. still holds the largest market share at 84.7%, followed by Canada with 7.6% and Australia with 1.3%.

The Bitcoin ATM market was rocked this year when a hacker was able to steal more than $1.5 million from General Bytes by taking advantage of a zero day hack to remotely upload a Java application and run it with privileges. In response to this, General Bytes shut down its cloud-based services and refunded customers.