Cryptocurrency Industry Data Book Covers Cryptocurrency Mining Hardware Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps and Crypto ATM Markets.
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.
Cryptocurrency Exchange Platform Market Report Highlights
The global cryptocurrency exchange platform market size was valued at USD 30.18 billion in 2021, and it is expected to reach USD 264.32 billion by 2030, growing at a CAGR of 27.8% from 2022 to 2030.
- The Ethereum segment is expected to witness a significant CAGR over the forecast period owing to its dominance in the Decentralized Finance (Defi) space
- Moreover, the growing number of Non-Fungible Token (NFT) projects is expected to increase the demand for Ethereum exchanges
- The personal end-use segment is expected to witness the fastest CAGR over the forecast period
- The growth is due to the rising awareness about cryptocurrencies in developing countries, such as Nigeria and the Philippines, and the growing emphasis on digital currencies in developed countries, such as the U.S., Canada, Japan, and others
- Asia Pacific is expected to witness the fastest CAGR over the forecast period due to technological advancements and rising awareness about blockchain technology
- People in the region are inclined toward cryptocurrency investment as an alternative to traditional investment options, thereby increasing the need for cryptocurrency exchange platforms
Crypto Wallet Market Report Highlights
The global crypto wallet market size was valued at USD 8.42 billion in 2022, and it is expected to reach USD 48.27 billion by 2030, registering a CAGR of CAGR of 24.8% from 2023 to 2030.
- The hot wallets segment is expected to witness significant growth during the forecast period. Hot wallets are downloadable crypto wallet software linked to the internet and can be downloaded on mobiles or desktops. The hot wallets are accessible and easy to use, making them a popular type of crypto wallet. The increasing use of smartphones and rising internet penetration are the factors expected to contribute to the growth of the segment
- The android segment is expected to witness significant growth during the forecast period. A private crypto wallet that uses the android operating system is generally a non-custodial, hot software wallet that can be downloaded on android devices. These crypto wallets allow users to trade cryptocurrencies while managing their private keys. Increasing adoption of android smart phones is driving the growth of the android segment
- The remittance segment is expected to register significant growth throughout the forecast period. Cryptocurrency remittance enables immediate fund transfers in real-time at lower processing fees. Cryptocurrency companies are increasingly offering remittance services to cater to the growing demand from cryptocurrency users. Increasing demand for cryptocurrency is expected to fuel the segment's growth
- The individual segment is expected to register significant growth during the forecast period. The global cryptocurrency users increased from 106 million in January 2021 to 295 million in December 2021. Growing demand for the cryptocurrencies used for trading, store of value, remittance, and payments is expected to drive the growth of the individual segment
- The Asia Pacific is anticipated to emerge as the fastest-growing regional market owing to a larger customer base and a significant number of startups investing and innovating in the digital currency landscape. The increasing number of technologically inclined financial investors is also expected to drive the crypto wallet market in the region
Access the Global Cryptocurrency Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Cryptocurrency Payment Apps Market Report Highlights
The global cryptocurrency payment apps market size was valued at USD 545.4 million in 2021, and it is expected to reach USD 2.15 billion by 2030, growing at a CAGR of 16.6% from 2022 to 2030
- The Bitcoin segment is expected to dominate the market during the forecast period owing to the growing popularity of bitcoin as a medium of exchange for products and services.
- The online payment segment is expected to witness the fastest growth during the forecast period. The strong and continual growth of the online platforms which accepts cryptocurrency as a payment option is contributing to the growth.
- The android segment dominated the market in 2021. The dominance is attributable to the proliferation of android smartphones owing to the affordability factor as they are comparably cheaper than iOS-based smartphones.
- The businesses segment is expected to dominate the market during the forecast period owing to the increased adoption of cryptocurrency payment apps among businesses.
- The North America region is expected to dominate the market during the forecast period due to the presence of several prominent players in the region.
Crypto ATM Market Report Highlights
The global crypto ATM market size was valued at USD 116.7 million in 2022, and it is expected to reach USD 5,450.9 million by 2030, registering a CAGR of 62.5% from 2023 to 2030.
- In 2022, the one-way segment dominated the market. The growth of the segment can be attributed to the rising demand for one-way crypto ATMs for purchasing cryptocurrencies. One-way ATMs are one of the secure methods available to enable users to buy cryptocurrencies and minimize fraud
- The hardware segment dominated the market in 2022. The Crypto ATM hardware includes components such as a display, printer, scanner, cash dispenser, and others which are essential for building a crypto ATM, which is eventually driving the growth of the hardware segment
- The bitcoin segment dominated the market in 2022. The growth of the segment is attributable to the growing popularity and acceptance of bitcoin by several merchants around the globe
- The restaurants and other hospitality spaces segment accounted for the maximum market share in 2022. The growth of the segment can be attributed to the growing deployment of crypto ATMs by various restaurants to provide customers ease in the purchase of cryptocurrency for USD
- North America dominated the regional market in 2022. The high availability of crypto ATMs and legalization of cryptocurrency across the region bode well with the growth of the regional market
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
Competitive Landscape
Key players operating in the cryptocurrency industry are –
- BlockFi International Ltd
- Coinmama
- eToro
- Coinbase
- Binance
- Canaan Inc.
- INTELION (Halong Mining)
- ASICminer Company
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.
Go through the table of content of Cryptocurrency Industry Data Book to get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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