TBRC Global Cryptocurrency Market Report covers Cryptocurrency Market Drivers & Restraints, Market Size, Major Players and Impact of COVID-19
LONDON, GREATER LONDON, UK, Sept. 19, 2022 /EINPresswire.com/ — According to “Cryptocurrency Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the size of the Cryptocurrency market is expected to grow to $3.13 billion by 2026 at a CAGR of 14.2%. Transparency in financial payment is expected to drive the growth of the cryptocurrency market in the years to come. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historical transactions, meaning they are not controlled by a central source.
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The cryptocurrency market consists of the sale of digital or virtual currencies by companies (organizations, sole traders and partnerships) that operate independently of a central bank and use encryption techniques to regulate the formation of their entities and verify the transfer of payments. Cryptocurrencies are digital currencies protected by encryption, making counterfeiting or double spending virtually impossible.
Global cryptocurrency market trends
Cryptocurrency market trends include stablecoins, which are gaining popularity in the market. Stablecoins are cryptocurrencies that are tied to a physical asset, such as a coin. a government-issued currency or commodity to reduce cryptocurrency volatility. For example, in 2020, stablecoin circulation increased by 500%. Additionally, Techemynt, an India-based financial services provider, launched stablecoins backed by the New Zealand dollar in March 2021 to combine the flexibility of the cryptocurrency with the stability of the New Zealand dollar.
Global cryptocurrency market segments
The global cryptocurrency market is segmented into:
By Type: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Other
By process: mining, transaction
By offering: hardware, software
By End User: Commerce, Retail & E-Commerce, Banking, Other
By Geography : Global Cryptocurrency Market analysis report is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific has the largest share.
Read more about the global cryptocurrency market report here
The Cryptocurrency Global Market Report 2022 is one of a series of new reports from The Business Research Company providing global cryptocurrency market overviews, analysis and forecasts of market size and growth for the global cryptocurrency market, cryptocurrency market share, cryptocurrency market segments and regions, and the global Cryptocurrency provides market participants, revenue, profiles and market share of the world’s leading cryptocurrency competitors. The global Cryptocurrency Market report identifies the key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC Cryptocurrency Global Market Report 2022 provides information on the following:
Data segmentations: market size, global, by region and country, historical and forecast, and growth rates for 60 regions
Major Market Players: Advanced Micro Devices Inc., BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, Nvidia Corporation, Ripple, Xilinx Inc. and Xapo.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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