Number of Bitcoin ATM installations in Belgium and the Netherlands in 2020, by city
transactions in Bitcoin from the Netherlands on a domestic trading platform called BTC Direct. This lack of market data has two reasons. First, the design of the digital currency (meant to provide privacy) makes it is difficult to trace. Second, Bitcoin did not reach the news in the two countries that often after 2017. Approximately 60 percent of the households in the Netherlands who invested in cryptocurrencies started doing so in that year. Data on cryptocurrencies in Belgium and the Netherlands therefore mostly stems from 2017 and 2018, not from 2019.
Brussels was the home of five Bitcoin ATMs as of June 2020, whereas Amsterdam had more than 20 of these cryptocurrency installations. In general, Bitcoin ATMs were to be found in the bigger cities of the two cities, but they also sporadically appeared in smaller cities. No recent data exists on the market size of Bitcoin in either Belgium or the Netherlands. In the first three quarters of 2017, there were approximately 44,000