Industry Background:
Digital currency exchange is an online marketplace in which users can exchange one kind of digital asset for another based on the market value of the given asset. It is the financial intermediaries needed to create a marketplace for digital currencies while offering clients a web-based gateway to manage their funds.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Binance (Seychelles), Coinbase, OKEx (Malta), Bitfinex (Taiwan), Bitstamp (United Kingdom), Gemini (United States), eToro (United Kingdom), Coinmama (Israel), KuCoin (Singapore) and BlockFi (United States) |
This growth is primarily driven by Rising Demand Faster Transaction Speeds and Ease of Use.
Globally, a noticeable market trend is evident Digital Currency can modernize the Current Financial Infrastructure
Major Players, such as Binance (Seychelles), Coinbase, OKEx (Malta), Bitfinex (Taiwan), Bitstamp (United Kingdom), Gemini (United States), eToro (United Kingdom), Coinmama (Israel), KuCoin (Singapore) and BlockFi (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Global Digital Currency Exchange is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 9th June 2021, Gemini has acquired a leading crypto custody technology named Shard X. The acquisition will enable secure and faster crypto transfers that help customers keep pace with liquidity needs and market demands.
In 2020, OKEx has launched a Peer-to-Peer Trading Platform in India. The new platform allows users to buy cryptocurrencies with Indian rupees with zero transaction fees.
Influencing Trend:
Digital Currency can modernize the Current Financial Infrastructure and Raising Awareness about Digital Currency Exchange
Market Growth Drivers:
Rising Demand Faster Transaction Speeds and Ease of Use
Challenges:
Price Volatility and Lack of Inherent Value
Restraints:
Issues Related to Cyber Security
Opportunities:
Increasing Adoption of Digital Currency Exchange can create Opportunities for the Market Growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Currency Exchange Market
- Analysis about New Entrants in Digital Currency Exchange Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Currency Exchange Study Sheds Light on
The Digital Currency Exchange Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Currency Exchange industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Currency Exchange industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.