Pune, India, Aug. 09, 2022 (GLOBE NEWSWIRE) — The global cryptocurrency market is projected to rise from USD 910.3 million in 2021 to USD 1902.5 million by 2028 at a CAGR of 11.1% during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report titled, “Cryptocurrency Market Forecast, 2021-2028.” As per the report, the global market size stood at USD 826.6 million in 2020.
Key Industry Development:
March 2021 – Visa Inc. aims to introduce crypto as a direct payment. With this key initiative, the company aims to accept cryptocurrencies as a payment method for the finance industry.
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The demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets such as bitcoin and litecoin is likely to accelerate the market in upcoming years.
Furthermore, it has been seen that the digital currency is also used in the integration of blockchain technology to get decentralization and control efficient transactions. Thus, advantages such as these are also encouraging people to invest in crypto. For instance, In October 2018, Qtum Chain Foundation made a partnership with Amazon Web Services (AWS) China to use blockchain systems on the AWS cloud. With this collaboration, AWS will be able to help its users in using Amazon Machine Images (AMI) to develop and publish smart contracts easily and efficiently.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 11.1% |
| 2028 Value Projection | USD 1902.5 Million |
| Base Year | 2020 |
| Cryptocurrency Market Size in 2020 | USD 826.6 Million |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 140 |
| Segments covered | Component, Type, End-Use and Geography |
| Cryptocurrency Market Growth Drivers | Focus on Mitigating Financial Crisis and Regional… |
