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.

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.

Cryptocurrency Exchange Platform Market Insights

The global cryptocurrency exchange platform market size was valued at USD 30.18 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2022 to 2030.

The Bitcoin segment dominated the global industry in 2021 and accounted for the largest share of more than 45.00% of the overall revenue. The dominance of Bitcoin is attributed to the fact that it is the origin of cryptocurrencies and laid the foundation for the cryptocurrency market. Hence, Bitcoin can influence the entire cryptocurrency industry. In addition, the proliferation of several altcoins, such as Litecoin, Bitcoin Cash, and Bitcoin Diamond, is expected to boost the segment’s growth in the coming years.

On the basis of end-uses, the industry has been further categorized into commercial and personal. The commercial segment dominated the global industry in 2021 and accounted for the maximum share of more than 68.20% of the overall revenue. The growing commercial acceptance of cryptocurrencies as the banks started capitalizing on the prevalence of cryptocurrencies to provide related services to customers is expected to boost the segment’s growth. For instance, in February 2021, The Bank of New York Mellon Corp.

Crypto Wallet Market Insights

The global crypto wallet market size was valued at USD 8.42 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.8% from 2023 to 2030.

The hot wallets segment dominated the market in 2022 and accounted for a revenue share of more than 55.0%. Hot wallets are connected to the internet, and they are more user-friendly. Hot wallets consist of various crypto wallets, including web-based, mobile, and desktop wallets. These wallets are easy to access and downloadable on smartphones, desktops, or other devices.

The android segment dominated the market in 2022 and accounted for a revenue share of more than 45.0%. Crypto wallets are usually designed to work on both android and iOS systems. Android wallets are usually open-source wallets that users can easily access and download. The increasing use of cryptocurrency coupled with growing smartphone penetration is expected to drive the segment’s growth.

The trading segment dominated the market in 2022 and generated a revenue share of more than 40.0%. Crypto wallets are primarily used for cryptocurrency trading. Cryptocurrencies can be bought, sold via crypto exchanges, and stored in crypto wallets. The decentralized cryptocurrency is not backed by any central authority, or government, making them more vulnerable to cyberattacks and data theft.

The individual segment dominated the market in 2022 and accounted for a revenue share of more than 61.0%. End users are increasingly using cryptocurrencies for individual use as a robust store of value in the long term. Cryptocurrencies are speculative in nature, which makes them highly volatile. However, more significant risks lead to greater returns in the long term, which is why the cryptocurrency is so popular among technologically inclined consumers.

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 Insights

The global cryptocurrency payment apps market size was valued at USD 545.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.6% from 2022 to 2030.

The bitcoin segment dominated the market in 2021 and accounted for more than 39.0% of the global revenue. The dominance is attributable to bitcoin being the pioneer of the industry. Additionally, it guarantees uncompromised security of the payment systems owing to the proof-of-work mechanism ensured by the users of the decentralized bitcoin network.

The in-store payment segment dominated the market in 2021 and accounted for more than 67.0% of the global revenue. The demand for digital payment methods is prevailing owing to digitalization and acceptance of contactless payments. Cryptocurrency payment apps provide a platform to transact in cryptocurrencies, and retailers can accept payments just by installing a QR code or NFC terminal in the POS.

The android segment dominated the market in 2021 and accounted for a share of more than 56.0% of the global revenue. The dominance is emphasized by the easy availability and affordability of android-based smartphones. Consequently, the market players are more inclined toward developing platforms for android-based operating systems.

The businesses segment dominated the market in 2021 and accounted for a share of over 66.0% of the global revenue. The dominance is attributed to the larger size of the cryptocurrency transactions made using cryptocurrency payment apps. For instance, in January 2022, Tesla, a U.S.-based automotive company announced that it would accept cryptocurrencies such as bitcoin as a mode of payment.

Crypto ATM Market Insights

The global crypto ATM market size was valued at USD 116.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 62.5% from 2023 to 2030.

The one way segment dominated the market in 2022 and accounted for more than 67.0% of the global revenue. The growing popularity of cryptocurrency has triggered individuals to purchase and invest in cryptocurrencies, including bitcoin. The increase in the purchase of cryptocurrency is expected to drive the segment's growth as one way ATM allows users to securely purchase cryptocurrencies.

The hardware segment dominated the market in 2022 and accounted for more than 77.0% of the global revenue. The hardware segment includes the display, scanner, printer, cash dispenser, and cash boxes, among others. The rising demand for hardware components from cryptographic ATM manufacturers to build ATM machines is further expected to drive the segment's growth. 

The bitcoin segment accounted for the highest revenue share of more than 31.0% in 2022. The growing popularity of bitcoin owing to the rising acceptance of coins as a payment method is anticipated to drive the growth of the segment. For instance, in September 2022, a software-as-a-service e-commerce platform BigCommerce announced its partnership with CoinPayments and Bitpay. 

The restaurants and other hospitality spaces segment accounted for the highest market share of over 33.0% of the global revenue in 2022. Restaurants and bars are increasingly investing in crypto ATMs to generate extra income by hosting crypto ATMs. The crypto ATM allows users to buy and sell cryptocurrencies similar to the fiat currency ATMs, which increases footfall at public places, including restaurants, bars, and cafes, among others.

Cryptocurrency Market – Global Industry Segmentation

Cryptocurrency Industry, By Type

• Cryptocurrency Exchange Platform
  1. Cryptocurrency Type
     1. Bitcoin
     2. Ethereum
     3. Cardano
     4. Solana
     5. Others
• Cryptocurrency Mining Hardware Market
  1. Hardware Type
     1. Central Processing Unit
     2. Graphics Processing Unit
     3. Application-Specific Integrated circuit
     4. Field Programmable Gate Array
  2. Coin Type
     1. Bitcoin
     2. Ethereum
     3. Ripple
     4. Others
• Crypto Wallet Market
  1. Wallet Type
     1. Hot Wallets
        1. Web-based Wallets
        2. Mobile Wallets
        3. Desktop Wallets
     2. Cold Wallets
        1. Paper Wallets
        2. Hardware Wallets
     3. Operating System Type
        1. Android
        2. iOS
        3. Others
• Cryptocurrency Payment Apps Market
  1. Currency Type
     1. Bitcoin
     2. Ethereum
     3. Litecoin
     4. DAI
     5. Ripple
     6. Others
  2. Payment Type
     1. In-Store Payment
     2. Online Payment
  3. Operating System Type
     1. Android
     2. iOS
     3. Others
• Crypto ATM Market
  1. Product Type
     1. One Way
     2. Two Way
  2. Coin Type
     1. Bitcoin
     2. Dogecoin
     3. Ethereum
     4. Litecoin
     5. Others
  3. Offering Type
     1. Hardware
     2. Software

Cryptocurrency Industry, By Application

• Cryptocurrency Mining Hardware Market
  1. Enterprise
  2. Personal
• Crpyto Wallet Market
  1. Peer-to-Peer Payments
  2. Trading
  3. Remittance
  4. Others
• Crypto ATM Market
  1. Commercial Spaces
  2. Restaurants Other Hospitality Spaces
  3. Transportation Hubs
  4. Standalone Units
  5. Others

Cryptocurrency Industry, By End Use

• Cryptocurrency Exchange Platform
  1. Commercial
     1. Banks
     2. Fintech Companies
     3. Credit Unions
     4. Others
  2. Personal
• Crpyto Wallet Market
  1. Individual
  2. Commercial
     1. BFSI
     2. Gaming
     3. Government
     4. Retail E-Commerce
     5. Media Entertainment
     6. Others
• Cryptocurrency Payment Apps Market
  1. Individuals
  2. Businesses

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

Cryptocurrency Industry Data Book Regional Outlook

• North America

1. U.S.
2. Canada

• Europe

1. U.K.
2. Germany
3. France
4. Italy
5. Spain
6. Spain
7. Rest of Europe

• Asia Pacific

1. China
2. Japan
3. India
4. South Korea
5. Australia
6. Rest of APAC

• Latin America

1. Brazil
2. Mexico
3. Rest of Latin America

• Middle East Africa (MEA)

Cryptocurrency Industry Data Book Competitive Landscape

The key players in the market have developed novel concepts ideas, upgraded the current set of products, and enhanced their profitability to sustain the intense competition in the market.

Key players operating in the cryptocurrency industry are –

• BlockFi International Ltd
• Coinmama
• eToro
• Coinbase
• Binance
• Canaan Inc.
• INTELION (Halong Mining)
• ASICminer Company

Go through the table of content of Cryptocurrency Industry Data Book to get a better understanding of the Coverage Scope of the study

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