Global Bitcoin Trading Market Overview:
Bitcoin is a peer-to-peer payment system. Bitcoin is a digital currency which uses decentralized technology for storing money and secure payments that don't require people's or banks name. It works on a public ledger which is called a blockchain. It holds the decentralized record of all transactions that is updated and held by all the users of the network. The wallet is similar to a virtual bank account that allows users to pay for goods, send or receive bitcoins, or save their money. In addition to this, bitcoins can also be obtained in exchange for fiat products, money, and services. Trading bitcoin is like trading anything else on an exchange. One can trade dollars for bitcoins on the exchanges. In short bitcoin trading is the buying and selling of bitcoin. Bitcoin trading adds a new dimension to currency trading with its dynamic force and the volatility it experiences as it settles into the global market. The volatility that is ups and downs surrounding bitcoin trading creates the possibility to benefit from high yields.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Acceptance by Different Industry Verticals and Technologies in Finance Are Being Implemented To Create Innovative Products
Market Growth Drivers:
Increasing Investments in Bitcoin Trading and Increased Participation of Industries is Fuelling the Market
Challenges:
Increasing Concern Regarding Security, Privacy and Control and Technical Challenges Pertaining to Scalability
Restraints:
Lack of awareness and Technical Understanding Regarding Bitcoin Trading and Uncertainty in Regulatory Status
Opportunities:
Acceptance of Bitcoin Trading across various industries and Significant growth opportunities in emerging and developed markets
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Binance (Malta), Upbit (South Korea), OKEx Fintech Company (Malaysia), Bithumb (South Korea), Huobi (Seychelles), Bitfinex (Hong Kong), BitMEX (Seychelles), Bittrex (Liechtenstein), Bitstamp Ltd. (United Kingdom) and BTCC (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Coinw and Kex. Analyst at AMA Research see South Korean and United Kingdom Players to retain maximum share of Global Bitcoin Trading market by 2027. Considering Market by End User, the sub-segment i.e. Banking will boost the Bitcoin Trading market. Considering Market by Bitcoin Denominations, the sub-segment i.e. Bitcoin (BTC) will boost the Bitcoin Trading market.
Latest Market Insights:
In November 2018, Bitstamp announced a partnership with Irisium, a leading provider of market monitoring and analytics software for exchanges, regulators, buy-side and sell-side firms. Bitstamp will use Irisium’s holistic monitoring platform to gain further insights into market activity.
In March 2018, the Malaysian government announced, Cryptocurrency exchanges must Implement KYC requirements. This includes obtaining customer identification data and ID documentation and subjecting anyone offering services to exchange cryptocurrencies to the rules of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. and In April 2018, the European Parliament reached an agreement demanding tighter regulations of cryptocurrency in the EU. As part of the EU Anti-Mon
What Can be Explored with the Bitcoin Trading Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bitcoin Trading Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bitcoin Trading
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bitcoin Trading market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bitcoin Trading market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bitcoin Trading Companies, Software solutions providers companies, Wallets companies, Banking and finance organizations, Semiconductor and electronics manufacturers and Ecommerce companies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.