Cryptocurrency Industry | Forecast 2030
Cryptocurrency Industry Data Book – Cryptocurrency Mining Hardware & Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps and Crypto ATM Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 – 2030
The global cryptocurrency market generated over USD 40.09 billion in 2021 and is expected to grow at a CAGR of 26.8% over the forecast period.
Access the Global Cryptocurrency Industry Data Book, 2022 to 2030, sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies
Cryptocurrency Exchange Platform Market Growth & Trends
The global cryptocurrency exchange platform market size is expected to reach USD 264.32 billion by 2030, growing at a CAGR of 27.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rising awareness about cryptocurrencies and their advantages, such as flexibility and security, is driving the industry’s growth. The strong emphasis on secure and decentralized networks owing to the emergence of blockchain technology also bodes well with the market growth. Several market players have invested in research and development activities to introduce advanced innovative exchange platforms. For instance, in July 2022, Billium, an exchange based in Dubai, announced the launch of a new-age platform to carry out decentralized transactions more effectively and efficiently. It is integrated with a copy trading function named ‘Billium Copy Trading’, which will allow novice users to follow the trades of the professionals.
Crypto Wallet Market Growth & Trends
The global crypto wallet market size is expected to reach USD 48.27 billion by 2030, registering a CAGR of CAGR of 24.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Crypto wallets help users to store their private keys securely and use them while carrying out any transactions in cryptocurrency. Increasing use of cryptocurrency for individual and commercial use, growing demand for enhanced security in crypto transactions, expanding use of smartphones, and internet penetration are the factors expected to drive the growth of crypto wallets during the forecast period.
Crypto wallets allow users to send, store and receive cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Crypto wallets store the private keys for cryptocurrency and keep them safe. Increasing traction about the met averse and Web 3.0 is expected to drive future demand for cryptocurrencies and crypto wallets. Cryptocurrencies are expected to act as a primary tool for trading, buying, or moving in the met averse.
Cryptocurrency Payment Apps Market Growth & Trends
The global cryptocurrency payment apps market size is expected to reach USD 2.15 billion by 2030, growing at a CAGR of 16.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing adoption of blockchain technology is anticipated to drive the growth of the market. The increased emphasis cryptocurrency payment app providers are putting on offering enhanced payment solutions also bodes well for the growth of the market.
Services that merge bitcoin with conventional bank-based payments are expanding and providing crypto users flexibility. For instance, in June 2022, the cryptocurrency exchange Coincoinx introduced a service named Coinpago that would let customers pay in Venezuela without having to exchange their cryptocurrency for fiat. Coinpago is expected to enable customers to make purchases at any merchant or store in the nation.
The growing acceptance of cryptocurrency as an alternative to fiat currencies is anticipated to propel the market’s expansion during the forecast period. For instance, in August 2022, Gucci with the integration of BitPay, becomes the first prominent brand to accept payments via ApeCoin. With this, customers across the U.S. will be able to buy products from its stores through ApeCoin via BitPay’s payment infrastructure.
Order your copy of the Free Sample of “Cryptocurrency Industry Data Book – Cryptocurrency Mining Hardware & Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps and Crypto ATM Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 – 2030” Data Book, published by Grand View Research
Crypto ATM Market Growth & Trends
The global crypto ATM market size is expected to reach USD 5,450.9 million by 2030, registering a CAGR of 62.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the cryptocurrency ATM market can be attributed to the growing usage of cryptocurrencies for making payments at several retail stores. At the same time, crypto ATMs enable users to convert cryptocurrency into fiat cash by selling cryptocurrency is also one of the major factors driving the growth of the market.
The rising awareness and adoption of crypto currencies among retailers, such as Walmart and Circle K, are expected to drive the growth of the crypto ATM market over the forecast period. Furthermore, according to the survey of Bitstamp in 2022, a cryptocurrency exchange service provider, it is found that 75% of retail investors and 88% of institutional investors believe that cryptocurrencies will see mainstream adoption over the next ten years. In addition, several businesses, including restaurants and commercial spaces, are involved in installing crypto ATMs to earn extra revenues, which is expected to further fuel the market’s growth.
Key players operating in the cryptocurrency industry are –
BlockFi International Ltd
INTELION (Halong Mining)
Elvie (ChiaroComponent Ltd.)
Grand View Research’s Cryptocurrency Industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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