The Global Cryptocurrency Market Report by TBRC covers the cryptocurrency market drivers and restraints, market size, major players, and the impact of COVID-19
LONDON, GREATER LONDON, UK, September 19, 2022 /EINPresswire.com/ — According to ‘Cryptocurrency Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the cryptocurrency market size is expected to grow to $3.13 billion in 2026 at a CAGR of 14.2%. Transparency in financial payment is expected to propel the growth of the cryptocurrencies market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, which means it is not controlled by one central source.
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The cryptocurrency market consists of sales of digital or virtual currencies by entities (organizations, sole traders, and partnerships) that operate independently of a central bank and employ encryption techniques to regulate the formation of their units and verify the transfer of payments. Cryptocurrencies are digital currencies that are protected by encryption, making counterfeiting or double-spending practically impossible.
Global Cryptocurrency Market Trends
Cryptocurrency market trends include stable coins which are gaining significant popularity in the market. Stable coins are cryptocurrencies that are linked to a physical asset, such as government-issued currency or a commodity to reduce cryptocurrency fluctuation. For instance, in 2020, the circulation volume of stable coins increased by 500%. Additionally, in March 2021, Techemynt, an India-based financial service provider, introduced stable coins supported by the New Zealand dollar to combine the flexibility of cryptocurrency with the stability of the New Zealand dollar.
Global Cryptocurrency Market Segments
The global cryptocurrency market is segmented:
By Type: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others
By Process: Mining, Transaction
By Offering: Hardware, Software
By End-User: Trading, Retail and E-Commerce, Banking, Others
By Geography: The global cryptocurrency market analysis report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest share.
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Cryptocurrency Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides cryptocurrency global market overviews, analyzes and forecasts market size and growth for the global cryptocurrency market, cryptocurrency market share, cryptocurrency market segments and geographies, cryptocurrency global market players, cryptocurrency global market leading competitor revenues, profiles and market shares. The cryptocurrency global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Cryptocurrency Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Advanced Micro Devices Inc., BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, Nvidia Corporation, Ripple, Xilinx Inc., and Xapo.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And So Much More.
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