Bitcoin ATMs on the Rise in Belgium and the Netherlands

amsterdam

The number of cryptocurrency ATMs in Belgium and the Netherlands is growing, according to newly released data. Amsterdam is the leader among major cities in the Benelux region, with a dozen machines that support digital currency transactions. Meanwhile, Luxembourg, which is a global center of traditional finance, lags in terms of available crypto-services.

Amsterdam Leads

The countries comprising the Benelux region, Belgium, the Netherlands and Luxembourg,  are not only geographically close and culturally similar but also enjoy a high degree of economic integration. The European crypto community would very much like to see the same level of cohesion when it comes to the adoption of digital currencies in the three countries, all founding members of the European Union. Recently published data says otherwise, however, suggesting the countries differ in at least one aspect of the industry — the availability of cryptocurrency ATMs.

Many crypto machines have been installed in Dutch and Belgian cities in recent years, with Amsterdam taking the lead. Known for its many canals, the largest city in the Netherlands may soon be famous for its Bitcoin ATMs, with 12 machines currently in operation there, according to Statista. Two or more of them support both purchases and sales of digital currencies across bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Antwerp, the second most populous metropolitan area in neighboring Belgium, lies just behind Amsterdam with a trio of crypto machines. Brussels, the Belgian capital, and Rotterdam, the second biggest Dutch city, both have two machines that sell digital currencies. According to Coinatmradar, one of the machines in Brussels, which is a purchase-only device, offers users the opportunity to purchase Bitcoin Cash (BCH), bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Meanwhile, 12 other destinations in the two countries boast at least one cryptocurrency machine. These include the cities of Sint-Truiden, Ghent and Hasselt in Belgium as well as Almere, Utrecht, Eindhoven, Oudenbosch, Tiburg, Bavel and Hoorn in the Netherlands. The Hague, the seat of the Dutch parliament, and Schiphol Airport, which is located outside of Amsterdam, each has one crypto ATM in operation.

The crypto ATMs in both countries help to comprise more than 3,660 crypto ATMs installed globally in September 2018.

Luxembourg Lags

Neighboring Luxembourg, which has established itself as an international financial and banking center, is not covered by the Statista report. The Coinatmradar database also does not contain information on crypto ATMs in the country.

According to another study conducted earlier this year, 92% of locals said they did not own any cryptocurrencies. Meanwhile, 6% said they own bitcoin (BTC) and 2% held Bitcoin Cash (BCH), Ethereum (ETH) and/or XRP. The data indicates relatively limited crypto adoption in Luxembourg.

 

 

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