Industry Background:
The digital coin is defined as cryptocurrency and digital or virtual money in the form of a digital token or coin. In today’s time, digital coins are gaining much popularity due to lack of currency fluctuation, lower transaction fees, and free from government control. However, many companies are gaining direct exposure to the digital currency for international transactions that will help investors actively engage in the foreign exchange market. The increasing digitalization and growth of online transactions will further boost the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | JPMorgan Chase (United States) and Simpro Software Group ( |
According to AMA, the market for Digital Coin is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Use of Digital Currencies for Easy and Quick Transactions and Increasing Investment in Digital Currencies by Individuals Due to Its Durability, Portability, and Fungibility.
Globally, a noticeable market trend is evident Decentralized Financial Services or DeFi Projects Will Be Biggest Trend for the Cryptocurrency Market Major Players, such as JPMorgan Chase (United States) and Simpro Software Group (, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
In November 2023, Bullish the fastest growing stock Digital digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG). Bullish plans to invest in CoinDesk’s global expansion and the growth of the media, events, and indexing businesses. CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
In December 2022 ,Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC), a sort of official cryptocurrency, for retail
Influencing Trend:
Decentralized Financial Services or DeFi Projects Will Be Biggest Trend for the Cryptocurrency Market
Market Growth Drivers:
Increasing Use of Digital Currencies for Easy and Quick Transactions and Increasing Investment in Digital Currencies by Individuals Due to Its Durability, Portability, and Fungibility
Challenges:
Vulnerable To Being Hacked and Becoming Targets of Cyberattacks
Restraints:
Government Regulations and Ban on Crypto Currency Mining in Some Countries
Opportunities:
Growing Popularity of Bitcoin Compared to Other Cryptocurrencies
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 Coin Market
- Analysis about New Entrants in Digital Coin 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 Coin Study Sheds Light on
The Digital Coin Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Coin industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Coin 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.