Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US

Bitcoin's growing popularity has been the primary driver for new installations

A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: A brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash.

The machines have multiplied quickly through the United States over the past year, fueled by a frenzy in crypto trading that sent bitcoin prices over $58,000.

Kiosk operators such as CoinFlip and Coin Cloud have installed thousands of ATMs, scouring areas competitors have not yet reached, executives told Reuters. “I just assumed there was demand and people wanted bitcoin everywhere,” said