PRESS RELEASE
Published September 28, 2023
IMARC Group, a leading market research company, has recently releases report titled “Cryptocurrency Market Report by Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, and Others), Component (Hardware, Software), Process (Mining, Transaction), Application (Trading, Remittance, Payment, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global cryptocurrency market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the cryptocurrency market?
The global cryptocurrency market size reached US$ 2,019 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,007 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.
What is cryptocurrency?
Cryptocurrency refers to a digital payment system that does not rely on intermediaries, such as banks, to verify transactions. It is widely available as bitcoin, dogecoin, ether, litecoin, ripple, tether, and cardano. It is utilized for buying or selling goods and services, such as cars and insurance. It assists in providing faster money transfer with lower processing fees and promoting transparency in transactions. Besides this, it aids in offering convenient and easy transactions and ensures enhanced security while eliminating the risk of fraud. As a result, cryptocurrency is utilized in trading, e-commerce, and banking applications across the globe.
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What are the growth prospects and trends in the cryptocurrency industry?
Cryptocurrency refers to a digital payment system that does not rely on intermediaries, such as banks, to verify transactions. It is widely available as bitcoin, dogecoin, ether, litecoin, ripple, tether, and cardano. It is utilized for buying or selling goods and services, such as cars and insurance. It assists in providing faster money transfer with lower processing fees and promoting transparency in transactions. Besides this, it aids in offering convenient and easy transactions and ensures enhanced security while eliminating the risk of fraud. As a result, cryptocurrency is utilized in trading, e-commerce, and banking applications across the globe.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Bitcoin
- Ethereum
- Bitcoin Cash
- Ripple
- Litecoin
- Dashcoin
- Others
Component Insights:
Process Insights:
Application Insights:
- Trading
- Remittance
- Payment
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Advanced Micro Devices Inc.
- Alphapoint Corporation
- Bitfury Holding B.V.
- Coinbase Inc.
- Cryptomove Inc.
- Intel Corporation
- Microsoft Corporation
- Quantstamp, Inc.
- Ripple Services Inc.
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