Facts & Factors
According Facts and Factors, the Global Cryptocurrency Market size was valued at around USD 800 million in 2020 and is estimated to grow about USD 5200 million by 2028, at a CAGR of approximately 29.5% between 2021 and 2028. The leading players functioning in the report are Advanced Micro Devices, Inc., NVIDIA Corporation, BitFury Group Limited, Xilinx Inc., Intel Corporation, Microsoft Corporation, AlphaPoint Corporation, Coinbase Ltd., BitGo, BTL Group Ltd, Ripple Labs Inc., Bitfinex, Bitstamp, OKEx, Circle Internet, Financial Limited, Unocoin Technologies Private Limited, BitPay Inc. and others.
NEW YORK, USA, Sept. 17, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Cryptocurrency Market – By Category (Bitcoin, Ripple, Ethereum, Dashcoin, Litecoin, and Others), By Elements (Software and Hardware), By Methods (Mining and Transactions), and By End-User Analysis (Banking, Stock Market & Virtual Currency, Real Estate, and Others): Global Industry Overview, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2021–2028” in its research database.
“According to the latest research study, the demand of global Cryptocurrency Market size was valued at approximately USD 800 million in 2020. The market is expected to grow above a CAGR of 29.5% and is anticipated to reach over USD 5200 million by 2028.”
The report analyses the Cryptocurrency market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global trends & opportunities in the global Cryptocurrency market.
Cryptocurrency Industry Synopsis:
Cryptocurrencies are digital assets that are created using computer networking software and allow for secure exchange and ownership. The term “cryptocurrency” refers to the cryptographic techniques that developers have implemented to prevent fraud.
Individual cryptocurrency units are referred to as tokens or coins, depending on how they are utilized. Some are meant to be units of exchange for commodities and services, while others are for value storage, and yet others are primarily intended to aid in the operation of computer networks that conduct more complex financial operations. Bitcoin and the majority of other cryptocurrencies are underpinned by blockchain technology, which retains a tamper-resistant history of transactions and keeps a record of who owns what. Public blockchains are typically decentralized, which means they do not have a centralized authority like a bank or government.
Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/cryptocurrency-market
Key Findings from Primary Research
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As per the analysis, the Cryptocurrency market is likely to grow above a CAGR of around 29.5% between 2022 and 2028.
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The Cryptocurrency market size was worth around US$ 800 Million in 2020 and is estimated to hit approximately US$ 5200 Million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
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bitcoin has a significant market share and is likely to maintain this trend over the forecast period.
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The mining category held about 65% of the overall market in 2019 and will grow profitably in the future.
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By End-User analysis, the stock market and virtual currency led the market in 2019 with more than USD 500 Million.
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As far as geographic …….
Source: https://finance.yahoo.com/news/cryptocurrency-market-size-hit-us-180900190.html