What is Digital Currency Trading Platform Market?
Digital currency trading platform offers to transfer, exchange, or trade cryptocurrencies online and cryptocurrency exchanges work as an intermediary between buyers and sellers. The use of cryptocurrencies in businesses for investment, and making payment has been increasing as it has the same value worldwide and is easy to transfer from one to another. Further, the cryptocurrency market is available for 24x7 to make transactions as there is no centralized governance work that can create significant opportunities for the market in the nearer future.
Highlights from Digital Currency Trading Platform Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | PDAX (Philippines), Coinbase (United States), Binance (Seychelles), Voyager (United States), Kraken (United States), BlockFi (United States), Uphold (United States), Bitcoin IRA (Unites States), eToro (United Kingdom), Crypto.com (Singapore), BitFlyer (Japan) and Changelly (Malta) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Currency Trading Platform market throughout the forecasted period.
PDAX (Philippines), Coinbase (United States), Binance (Seychelles), Voyager (United States), Kraken (United States), BlockFi (United States), Uphold (United States), Bitcoin IRA (Unites States), eToro (United Kingdom), Crypto.com (Singapore), BitFlyer (Japan) and Changelly (Malta) are some of the key players profiled in the study. Digital Currency Trading Platform Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Personal and Business |
Type | App-Based Platform and Desktop Platform |
Vertical | Travel & Hospitality,Media & Entertainment,Retail & E-commerce,BFSI,Others |
Operating System | Android,Windows,MacOS,Linux,Others |
Currency Type | Bitcoin,Ethereum,Ripple,Dash,Litecoin,Dogecoin,Others |
On the basis of geography, the market of Digital Currency Trading Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Decentralized Financial Services or DeFi Project is the Biggest Trend for Cryptocurrency
Market Growth Drivers:
Huge Investment in Crypto Currencies by Individuals Due to Its Durability, Portability, and Fungibility and Increasing Government Initiatives to Support Cryptocurrencies in Developing Economies like India
Challenges:
Some Platforms are Only Available in App-based Platform
Restraints:
Lack of Awareness about Crypto Currencies and Vulnerable To Being Hacked
Opportunities:
Increased Adoption of App-Based Platform with the Increasing Use of Smartphones and Other Mobile Devices
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Currency Trading Platform Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others