Skip to main content

Cryptocurrency Market to be Driven by Increasing Adoption of e-financial Services, says Fortune Business Insights

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, India, Feb. 11, 2021 (GLOBE NEWSWIRE) — The global cryptocurrency market to gain from increasing Internet penetration worldwide. Recently Fortune Business Insights has announced a report titled, “Cryptocurrency Market Size, Share and Global Trend by Component (Software, Services), Process (Transaction, Mining), Type (Bitcoin, Etherum, Litecoin, Ripple, Dashcoin), End User, and Geography Forecast till 2025.” As per the report North America was leading the global cryptocurrency market in 2017. The growth witnessed is attributable to high adoption of digital currency in the region. The trend is unlikely to change and North America may lead the global cryptocurrency market through the forecast period.
Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cryptocurrency-market-100149
The rising demand for online financial services in the region is likely to contribute the growth of the market in North America. Besides this, North America holds 27% participants, 39% of wallets, 18% transactions, and 19% of cryptocurrency paymen companies. This is a primary reason behind the high demand witnessed in the region. It also facilitates the higher adoption of cryptocurrency. The cryptocurrency market in Asia pacific is anticipated to expand at a relatively higher CAGR. The growth witnessed is attributable to increasing number of cryptocurrency transactions taking place in the region. Japan is known for major investments in cryptocurrency. Rising investments cryptocurrency have resulted in the formation of new laws for legalization of cryptocurrency under financial service agency. This is a major step taken by Japan and is expected to boost the Asia Pacific cryptocurrency market.Europe is also amongst the leading regions in the global cryptocurrency market. The growth witnessed is attributable to high adoption of e-financial services in the region. Moreover, Germany issued a statement to consider cryptocurrency as private currency without any payable taxes, unless held for a year or more. Tax and other benefits from cryptocurrency is expected to fuel the demand for cryptocurrency and increase the number of owners globally.Adoption of e-wallets to Drive Market“Government initiated awareness programs regarding cryptocurrency in developing and undeveloped nations are anticipated to enable growth in the global cryptocurrency market,” said a lead analyst at Fortune Business Insights.Some of the chief factors expected to drive the global cryptocurrency market during the forecast period 2018-2025 are rising adoption of e-wallets and consumer shift towards online platforms. Additionally, cashback, promotional, and other offers on e-currency is a factor anticipated to fuel the demand in the global market.On the contrary, requirement of a good network connection and high cost data tariff plans are a few factors that may hamper the growth in the global cryptocurrency market.
Click here to get the short-term and long-term impact of COVID-19 on this Cryptocurrency Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149
Increasing Focus on Acquisitions aimed at Leading the Global MarketRapid technological developments taking place in e-currency and its services is a factor anticipated to propel the growth in the global cryptocurrency market. Additionally, mergers and acquisitions taking place in the global market are likely to propel the growth rate. For instance, Tron acquired a California based company, BitTorrent in 2018 for US$ 150 Mn. In October, 2018 a Belgian based investment firm NXMH acquired Bitstamp a crypto exchange for US$ 350 Mn. The competition among the global cryptocurrency market players is very high.
Ask for Customization:https://www.fortunebusinessinsights.com/enquiry/customization/cryptocurrency-market-100149
List of the Companies Profiled in the Cryptocurrency Market:Microsoft CorporationBitFury Group LimitedAdvanced Micro Devices Inc.Ripple Labs Inc.Intel CorporationNVIDIA CorporationCoinbase Ltd.AlphaPoint CorporationXilinx Inc.BitGoBTL Group Ltd.
Quick Buy – Cryptocurrency Market: https://www.fortunebusinessinsights.com/checkout-page/100149
Table Of ContentIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints, and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersCOVID-19 Impact AnalysisGlobal Cryptocurrency Market Analysis, Insights and Forecast, 2016 – 2027Key Findings / SummaryMarket Size Estimates and ForecastsBy Component (Value)HardwareFPGAASICGPUOthers (Paper Wallet, Web Wallet, etc.)SoftwareMining SoftwareExchanges SoftwareWalletPaymentOthers (Vaults, Encryption, etc.)By Type (Value)BitcoinEtherLitecoinRippleEther ClassicOthers (Dogecoin, Moneor, Dash, etc.)By End-use (Value)TradingE-commerce and RetailPeer-to-Peer PaymentRemittanceBy Region (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaContinued….!
Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cryptocurrency-market-100149
Have a Look at Related Research Insights:
Blockchain Market Size, Share & COVID-19 Impact Analysis, By Component (Platform/Solution and Blockchain-as-a-Service (BaaS)), By Blockchain Type (Public, Private, and Consortium), By Deployment (Proof of Concept, Pilot, and Production), By Application (Digital Identity, Payments, Smart Contract, and Others), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom), and Regional Forecast, 2020-2027Blockchain in BFSI Market Size, Share And Global Trend By Type (Private Blockchain, Public Blockchain, Consortium Blockchain), By Application (Smart Contracts, Security, Trade Finance, Digital Currency, Record Keeping, GRC Management, Identity Management and Fraud Detection), And Geography Forecast Till 2021-2028Blockchain in Retail Market Size, Share & Industry Analysis, By Component (Platform, Services), By Provider (Application and solution provider, Middleware provider Infrastructure, Protocol Provider), By Organization Size (Large Enterprises, Small & Medium Enterprises) Others and Regional Forecast, 2021-2028Quantum Cryptography Market Size, Share and Global Trend By Component (Hardware & Services), By Services (Consulting, Support and Maintenance, Integration and Deployment), By Applications (Application Security, Network Security, Database Encryption), By Industry Verticals (Banking, Finance Services, Insurance, Consumer Good and Retail, Government & Defence, Healthcare and Life sciences, Telecom and IT) and Geography Forecast till 2021-2028
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
 Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | BlogsRead Press Release https://www.fortunebusinessinsights.com/press-release/cryptocurrency-market-9952

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.