The Report Covers Global Crypto Market Analysis & Trends. Cryptocurrencies are Segmented Based On the Market Capitalization of Cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, and Others) and Cryptocurrency Adoption by Geography (Middle East & Africa, Americas, Europe, APAC). The Report Offers Market Size and Forecast Values for the Cryptocurrency Market in USD Million for the Above Segments.
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Cryptocurrency Market
Cryptocurrency Market Size
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| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 30.40 % |
| Fastest Growing Market | North America |
| Largest Market | Europe, Middle-East and Africa |
| Market Concentration | Medium |
Major Players *Disclaimer: Major Players sorted in no particular order |
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Cryptocurrency Market Analysis
The Cryptocurrency Market is expected to register a CAGR of 30.40% during the forecast period.
The Cryptocurrency Market size in terms of transaction value is USD 1,330.43 billion in the current year and a CAGR of 30.40% during the forecast period.
Cryptocurrencies, which are designed to be used for peer-to-peer transactions without being liable to any government or a central bank, are the latest financial innovations, explored not only for the reasons of their existence but also for potential risks and opportunities in the financial industry. There are thousands of cryptocurrencies with various design goals. These design goals are to provide a digital currency alternative to cash (Bitcoin, Monero, and Bitcoin Cash), to support a payment system at low cost (Ripple, Particl, and Utility Settlement Coin), to support peer-to-peer trading activity by creating tokens (RMG and Maecenas), to facilitate secure access to a good or service in peer-to-peer trading (Golem, Filecoin), and to support an underlying platform or protocol (Ether and NEO). Because new cryptocurrencies are created every week, these design goals will not be exhaustive.Blockchain is the underlying technology for most cryptocurrencies.
The cryptocurrency market is segmented based on the market capitalization of a large number of cryptocurrencies. Cryptocurrencies overlap with key areas of the monetary and financial systems. Given their rapid growth, complexity, high volatility, and potentiality for facilitating illicit activities, regulators and policymakers across the world are concerned about their inclusion into the existing system and revising the existing system to fit them if they are included.
Cryptocurrency Market Trends
A brief on the Volatility in the Market Capitalization of Cryptocurrencies
With the evolving nature of this market with new cryptocurrencies created every week, it is difficult to know how big the cryptocurrency market is. A wide scope of market exchanges for cryptocurrency trading, spread across the globe because of their privacy protection features as well as rapid growth, extreme price volatility, and market illiquidity add to the complexity of the cryptocurrency market. The market capitalization of cryptocurrencies over the years shows how high the price volatility of the market is.
The estimated cryptocurrency market capitalization, for example, during January 2022, varied between 400 billion USD and 800 billion USD which was 566 billion USD at the beginning of the year 2022 and finally settled at 128 billion USD by the end of the year 2022. In terms of transaction volumes, bitcoin alone had the highest number of 200,000 average daily transactions.
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Adoption of Blockchain Technology Increasing on a Robust Pace
Enterprise adoption of blockchain technology has quietly reached a tipping point across multiple use cases. Companies that have recognized value from their initial pilot projects are now moving towards turning these projects into production. In particular, there is still a lot of uncertainty about how this technology will be regulated and run, but it is being used more and more in financial services, identity, trade, and other markets.
Global blockchain spending will be led by the banking industry, followed by discrete manufacturing and process manufacturing, with a combined market share of about 50% of overall spending. In the banking industry, the spending will be driven by two of the largest use cases: cross-border payments and settlements and trade finance and post-trade settlements.
Spending on blockchain solutions will be highest in the United States, followed by Western Europe and China. All the regions shown in the infographics are expected to see phenomenal growth in the coming years.
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Cryptocurrency Industry Overview
The report includes different segments like coin product developers, mining services, cryptocurrency exchanges, wallet companies, etc., along with a note on recent mergers and acquisitions that shaped the ecosystem. some of the major players are Bitfinex, Quantstamp Inc, CryptoMove Inc, Coinbase and Huobi Global
Cryptocurrency Market Leaders
Bitfinex
Quantstamp Inc
CryptoMove Inc
Coinbase
Huobi Global
*Disclaimer: Major Players sorted in no particular order
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Cryptocurrency Market News
- In August 2023, Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services. With this acquisition Asset tokenization firm Securitize aims to extend its offering to registered investment advisors (RIAs) and Onramp will be operating as a subsidiary of Securitize to integrate Securitize products into its existing service.
- In September 2022, Ethereum underwent a significant transition known as "the Merge" which changed its technology to cut carbon emissions by more than 99.9 percent. The first phase of merge so-called "hard fork" will convert Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) base
Cryptocurrency Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising demand for operational efficiency and transparency in financial payment systems
4.2.2 Increasing demand for remittances in developing countries
4.3 Market Restraints
4.3.1 Varying Government regulations in different countries affecting the market
4.3.2 Volatility in market value increases the risk of holding cryptocurrency
4.4 Market Opportunities
4.4.1 Rising opportunities for companies to create new digital assets.
4.4.2 Cryptocurrency emerging as an opportunity to Invest Money with higher returns
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Trends Influencing Global Cryptocurrency Market
4.7 Technological Innovations in Global Cryptocurrency Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION AND ANALYSIS
5.1 By Market Capitalization
5.1.1 Bitcoin
5.1.2 Ethereum
5.1.3 Ripple
5.1.4 Bitcoin Cash
5.1.5 Cardano
5.1.6 Others
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 South America
5.2.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Bitfinex
6.2.2 Quantstamp Inc
6.2.3 CryptoMove Inc
6.2.4 Coinbase
6.2.5 Huobi Global
6.2.6 CoinCheck
6.2.7 Gemini
6.2.8 Bitfury
6.2.9 Binance
6.2.10 Cannan Inc*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cryptocurrency Industry Segmentation
A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. An understanding of the present status of the cryptocurrency market, along with detailed market analysis, their structural intricacies explained in simple terms, risks and opportunities, current regulatory frameworks, and impact on existing systems in-depth analysis of the impact on monetary and fiscal policies. Cryptocurrency is the new age financial innovation designed not only to become a cash alternative but also to support the existing systems. They are segmented based on the market capitalization of cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, and others) and cryptocurrency adoption by geography (Middle East & Africa, Americas, Europe, APAC). The report offers the market sizes and forecasts in value (USD million) for all the above segments.
| By Market Capitalization | |
| Bitcoin | |
| Ethereum | |
| Ripple | |
| Bitcoin Cash | |
| Cardano | |
| Others |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East & Africa |
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Cryptocurrency Market Research FAQs
What is the current Cryptocurrency Market size?
The Cryptocurrency Market is projected to register a CAGR of 30.40% during the forecast period (2024-2029)
Who are the key players in Cryptocurrency Market?
Bitfinex, Quantstamp Inc, CryptoMove Inc, Coinbase and Huobi Global are the major companies operating in the Cryptocurrency Market.
Which is the fastest growing region in Cryptocurrency Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cryptocurrency Market?
In 2024, the Europe, Middle-East and Africa accounts for the largest market share in Cryptocurrency Market.
What years does this Cryptocurrency Market cover?
The report covers the Cryptocurrency Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Cryptocurrency Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which end-use segment holds the major Cryptocurrency Market share?
The trading segment is the primary end-use category that holds the majority of the share in the Cryptocurrency Market.
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Cryptocurrency Industry Report
The global cryptocurrency market, which includes various cryptocurrencies such as Bitcoin, Ether, Litecoin, Ripple, and Ether Classic, is experiencing significant growth. This growth is driven by the rise of distributed ledger technology, increasing digital investments in venture capital, and a surge in demand across all regions. These digital currencies are increasingly being used in various end-use segments including trading, e-commerce and retail, peer-to-peer payment, and remittance. However, the market also faces challenges such as potential misuse of illegal activities and security concerns. Despite these challenges, the market is expected to continue its growth trajectory, fueled by the growing adoption of digital currencies, focus on mitigating financial crises, and regional instability. Mordor Intelligence™ Industry Reports provide statistics for the Cryptocurrency Market share, size, and revenue growth rate, as well as a market forecast and historical overview. A sample of this industry analysis is available as a PDF download.
- Cryptocurrency Market Size
- Cryptocurrency Market Share
- Cryptocurrency Market Trends
- Cryptocurrency Companies
- Cryptocurrency News
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Cryptocurrency Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
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