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The largest Bitcoin ATM operator in North America is entering Asia
The largest Bitcoin ATM operator in North America, Bitcoin Depot, is entering the Hong Kong market in order to carve out a share of the rapidly growing cryptocurrency market in Asia. The goal of this Nasdaq-listed company is to become one of the top five operators in Hong Kong, citing the clear regulatory environment and strong demand for cash-to-cryptocurrency exchange services. Currently, there are 223 Bitcoin ATMs in Hong Kong, and operators are required to hold a money service operator license. Meanwhile, despite increased regulation in markets such as the United States and Australia due to fraud issues, the global installation of Bitcoin ATMs has still surged by 177% since 2021, reaching a total of 39,469 units. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $SOL {future}(SOLUSDT)
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