A statista report on the Benelux region that forms the core of the European Union reveals the level of awareness, trading, and use of cryptocurrency in the region. Also, it reveals the growing number of Bitcoin ATMs in the region, with higher numbers located in the Netherlands.
Bitcoin ATM’s Growth In The Benelux
The countries of the Benelux are countries consisting of Belgium, Netherlands, and Luxembourg, an economic and customs union that served as a precursor to the establishment of the European Union. Their level of economic integration would be significant to be seen in the sphere of cryptocurrency adoption and use. A statista research shows the level of cryptocurrency adoption within these countries as well as the use of Bitcoin ATM’s in this countries.
There has been a drastic increase in the number of Bitcoin ATMs in the Benelux recently, and leading the pack is the Netherlands and Belgium. Amsterdam is the city leading with the highest number of Bitcoin ATM, with 12 digital currency supportive machine.
Amsterdam is famous with canals, but with the rate of cryptocurrency ATM installation in the city, it might become popular also as the city with most numbers of Bitcoin ATM’s in the world. Notably, at least two of them support both purchases, and sales of cryptocurrencies such as Bitcoin BTC, Ethereum ETH, and Litecoin LTC cryptocurrencies.
Further, Antwerp the second most populous metro area in Belgium has 3 Bitcoin ATM in Amsterdam. After Antwerp, Brussels the Belgian capital, Rotterdam the second largest Dutch city both having two BATM. One of the machines in Brussels is a buy only ATM and offers the opportunity to purchase Bitcoin Cash, Bitcoin core, Ethereum, and Litecoin cryptocurrencies.
Meanwhile, 12 other cities in Belgium and Netherlands have at least one Cryptocurrency ATM. These are Sint-Truiden, Ghent, and Hasselt in Belgium as well as Almere, Utrecht, Eindhoven, Oudenbosch, Tilburg, Bavel, and Hoorn in the Netherlands. Also is Hague and Schiphol Airport, outside Amsterdam, with a cryptocurrency ATM each. The crypto ATMs in the two countries constitutes a part of the over 3,660 installed crypto ATMs in the world as of September 2018.
Luxembourg, the third of the Benelux economic communities, famous as an international financial and banking hub which differs from the other two countries with cryptocurrency adoption.
A study of the country made earlier this year shows that 92% of its residents stated that they do not own cryptocurrency, while 6% own Bitcoin and 2% own Bitcoin Cash, Ripple, and Ethereum. This indicates the low level of cryptocurrency adoption in the country.
Meanwhile, Holland tops with the country with the most significant number of cryptocurrency owners in the region. In the first three quarters of 2017, there were approximately 44,000 Bitcoins (BTC) trading transactions from the Netherlands.