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Cryptocurrency Exchange Platforms Market

Cryptocurrency Exchange Platforms Market

Cryptocurrency Exchange Platforms Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2021

Date

Jul - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1725

Segments Covered
  • By Cryptocurrency Type Bitcoin, Ethereum, Cardanol, Solana, Other Cryptocurrency Types
  • By End User Banks, Fintech Companies, Credit Unions, Other End Users
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 329.4 Million
Revenue 2028Revenue 2028: USD 674.9 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 12.7%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Cryptocurrency Exchange Platforms Market Share

Market Synopsis:

The Global Cryptocurrency Exchange Platforms Market is valued at USD 329.4 Million in the year 2021 and is projected to reach a value of USD 674.9 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 12.7% over the forecast period.

Cryptocurrency Exchange Platforms Market Size, 2021 To 2028 (USD Million)

Virtual currency is also known as crypto-currency. It is a currency that only exists digitally and has no central issuing or regulatory authority. The transactions are authenticated using blockchain technology. Significant venture capital funds invested in Cryptocurrency Exchange Platforms companies provide the lucrative potential for market growth. Furthermore, a surge in crypto-currency demand among banks and financial institutions and untapped potential in emerging nations are likely to present attractive opportunities for market expansion during the projection period. Investors' increasing involvement in cryptocurrencies and the growing demand for advanced crypto-currency trading management platforms are projected to drive market expansion.

As user demand dictates, crypto-currency trading software platforms support cryptocurrencies such as Bitcoin, Ethereum, Polka dot, Lite-coin, Bitcoin Cash, Dogecoin, and others. Cryptocurrency is a new financial technology, but a lack of laws and a uniform standard for digital currency is projected to limit its expansion. Therefore, the market's expansion can be attributed to the high need for a platform for trading cryptocurrencies for fiat money. In addition, Cryptocurrency Exchange Platformss serve as middlemen between buyers and sellers, earning money through transaction fees and commissions. Furthermore, the increasing global adoption of smartphones is one of the primary reasons producing the potential for market growth. This is attributable to smartphones allowing clients to take advantage of the features of bitcoin trading platforms.

Many platform providers focus on providing their services via mobile phones to meet their clients' needs better. However, the cryptocurrency market's growth is hampered by high implementation costs and a lack of understanding about cryptocurrencies among consumers in underdeveloped countries.

Market Segmentation:

The Cryptocurrency Exchange Platforms Market is segmented based on the cryptocurrency type and end-users. Based on type, the market is segmented as Bitcoin, Ethereum, Cardanol, Solana, and Others. Based on End-Users, the market is segmented as Banks, Fintech Companies, Credit Unions, and Other End Users.

Below tree is interactive. You can click the nodes to get more information.

Based on Cryptocurrency Type:

Based on type, the market is segmented as Bitcoin, Ethereum; Cardanol; Solana; Others. The bitcoin segment holds a significant share in the market during the forecast period. Bitcoin is one of the most popular and majorly adopted digital cash worldwide. The rising visibility, interest of investors, and supporting regulation are the major factors driving the growth of this segment. Maturing bitcoin value and the facility it offers rewards for the transaction are also upstaging the digital cash market values during the forecast period.

Based on End-User:

Based on end-users, the market is segmented as banks, fintech companies, credit unions, and others. The fintech companies’ segment is anticipated to grow at the highest rate during the forecast period. The increasing usage of technology in various other financial situations, such as bitcoin, has boosted the chance for the Fintech business to flourish. The rising proliferation of cryptocurrencies and the increasing number of wallet addresses has driven the growth of the Fintech companies. In addition, the growing use of applications such as payments, smart contracts, and identity management has fueled the expansion of Blockchain in the Fintech Market. The technology's automation processes have significantly decreased the possibility of errors and delays in operations and transactions.

Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period

Asia Pacific is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. However, due to the increasing need for complex trading platforms or tools among major professional and ordinary investors, North America maintains a significant portion of the bitcoin trading software platform market. In addition, the number of Bitcoin exchanges in Asia is growing, bringing healthy competition and maturity to the cryptocurrency market. Furthermore, Chinese banks are hiring blockchain expertise as the government promotes using the technology that underpins bitcoin to boost transparency and prevent fraud in the country's financial system. These reasons are propelling the region's cryptocurrency market forward.

Competitive Landscape:

The key players in the Global Cryptocurrency Exchange Platforms Market include- BlockFi, Coinmama, eToro, Coinbase, Binance, Kraken, Bitstamp, Coincheck, FTX, AirSwap and others.

Segmentation of the Global Cryptocurrency Exchange Platforms Market:

Parameter Details
Segments Covered
  • Cryptocurrency Type (Bitcoin, Ethereum, Cardanol, Solana, Other Cryptocurrency Types)
  • End User (Banks, Fintech Companies, Credit Unions, Other End Users)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • BlockFi
  • Coinmama
  • eToro
  • Coinbase
  • Binance
  • Kraken
  • Bitstamp
  • Coincheck
  • FTX
  • AirSwap
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Cryptocurrency Exchange-Platforms Market to Reach Valuation of USD 674.9 Million by 2028 – Increasing Penetration of Smartphones across the World Drives the Market
In terms of revenue, the Global Cryptocurrency Exchange-Platforms Market is expected to reach USD 674.9 Million by 2028, increasing at a Compound Annual Growth Rate (CAGR) of 12.7% from 2022 to 2028. A virtual currency encrypted with protected cryptography is known as Cryptocurrency. The majority ...
FAQ
Frequently Asked Question
  • The global Cryptocurrency Exchange Platforms valued at USD 329.4 Million in 2020 and is expected to reach USD 674.9 Million in 2028 growing at a CAGR of 12.7%.

  • The prominent players in the market are BlockFi, Coinmama, eToro, Coinbase, Binance, Kraken, Bitstamp, Coincheck, FTX, AirSwap.

  • The market is project to grow at a CAGR of 12.7% between 2021 and 2028.

  • The driving factors of the Cryptocurrency Exchange Platforms include

    • Significant growth opportunities in emerging and developed markets

  • North America was the leading regional segment of the Cryptocurrency Exchange Platforms in 2020.