The global cryptocurrency market size reached US$ 2,019 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,007 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.
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2. Report Description
About IMARC Group
The International Market Analysis Research and Consulting Group is a leading adviser on
management strategy and market research worldwide. We partner with clients in all sectors
and regions to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARCās information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the companyās expertise.
IMARCās tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our
clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.
3. Report Description
Report Description and Highlights
Global Cryptocurrency Market Research Report:
The latest report by IMARC, titled āCryptocurrency Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028ā " the global cryptocurrency market size reached US$
2,019 Billion in 2022.
Cryptocurrency is a digital or virtual currencysecured by cryptography that is used as a medium of
exchange. It aids in monitoring transactions and preventing counterfeiting, thereby rendering the
currency immune to manipulation and government interference. It can be operated through
decentralized networks that are based on blockchain technology and be distributed over computer
networks that are connected to a virtual environment.
Its utilization ensures enhanced safety and of the currency and quicker payments while eliminating the
chances of identity theftas it involves the use of public or private keys that are connected directly to
the userās digital wallet.
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4. Report Description
Report Description and Highlights
Global Cryptocurrency Market Trends:
The global market is majorly driven by the rising preference for virtual currencies and convenient financial
servicesamong the masses. The utilization of cryptocurrency offers increased adaptability, secured confidentiality and
minimal country-to-country transaction fee, which is providing an impetus to the market growth. This is supported by
the rapid digitization across numerous industries and the penetration of high-speed internet connectivity on the
global level. Moreover, the legalization of purchase, sale or trade of virtual currencies in numerous developed
countriesis creating a positive outlook for the market.
Along with this, the continual integration of blockchain technology with cryptocurrencies for monitoring the changes
being made in real-time during the transactions to reduce the risks of data manipulation andfraudulent or unwanted
transactions is acting as a major growth-inducing factor. Some of the other factors contributing to the market growth
include the increasing preference for contactless payments and the introduction of bitcoin cash and lite. On account
of the aforementioned factors, the market is expected to grow at a CAGR of 11.7% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).
6. Report Description
Report Description and Highlights
ā¢ Trading
ā¢ Remittance
ā¢ Payment
ā¢ Others
Regional Insights
ā¢ North America
ā¢ United States
ā¢ Canada
ā¢ Asia Pacific
ā¢ China
ā¢ Japan
ā¢ India
ā¢ South Korea
ā¢ Australia
ā¢ Indonesia
ā¢ Others
ā¢ Europe
ā¢ Germany
ā¢ France
7. Report Description
Report Description and Highlights
ā¢ United Kingdom
ā¢ Italy
ā¢ Spain
ā¢ Russia
ā¢ Others
ā¢ Latin America
ā¢ Brazil
ā¢ Mexico
ā¢ Others
ā¢ Middle East and Africa
8. Competitive Landscape with Key Players:
ā¢ Advanced Micro Devices Inc.
ā¢ Alphapoint Corporation
ā¢ Bitfury Holding B.V.
ā¢ Coinbase Inc.
ā¢ Cryptomove Inc.
ā¢ Intel Corporation
ā¢ Microsoft Corporation
ā¢ Quantstamp Inc.
ā¢ Ripple Services Inc.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/cryptocurrency-market
Report Description
Report Description and Highlights
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients