Cryptocurrencies are digital currencies that are protected by encryption, making counterfeiting or double-spending practically impossible. These are built on decentralized networks like blockchain technology, which is a distributed ledger enforced by a network of computers. Cryptocurrencies, as compared to traditional currency, are not issued by any central authority, making them potentially impervious to government meddling or manipulation. The cryptocurrency operates independently of a central bank and employ encryption techniques to regulate the formation of their units and verify the transfer of payments.
The main types of cryptocurrencies are bitcoin, ethereum, bitcoin cash, ripple, dash coin, litecoin, and others. Bitcoin is a digital currency that uses peer-to-peer technology to facilitate instant payments. The different processes comprise mining, transactions, and offerings include hardware, software. Cryptocurrencies are used in trading, retail and e-commerce, banking, and others.
The global cryptocurrency market grew from $1.86 billion in 2022 to $2.13 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cryptocurrency market is expected to grow to $3.78 billion in 2027 at a CAGR of 15.4%.
The cryptocurrency market research report is one of a series of new reports that provides cryptocurrency market statistics, including cryptocurrency industry global market size, regional shares, competitors with a cryptocurrency market share, detailed cryptocurrency market segments, market trends and opportunities, and any further data you may need to thrive in the cryptocurrency industry. This cryptocurrency market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Stable coins are gaining significant popularity in the cryptocurrency market. Stable coins are cryptocurrencies that are linked to a physical asset, such as government-issued currency or a commodity to reduce cryptocurrency fluctuation. For instance, in 2020, the circulation volume of stable coins increased by 500%. Additionally, in March 2021, Techemynt, an India-based financial service provider, introduced stable coins supported by the New Zealand dollar to combine the flexibility of cryptocurrency with the stability of the New Zealand dollar.
In March 2021, PayPal Holdings Inc., a US-based financial technology company acquired Curv for an undisclosed amount. With this acquisition, PayPal Holdings, Inc strengthens and develops its initiatives to support cryptocurrencies and digital assets. Curv is an Israel-based cryptocurrency security company.
Asia-Pacific was the largest region in the cryptocurrency market in 2022. The regions covered in the cryptocurrency report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the cryptocurrency market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Transparency in financial payment is expected to propel the growth of the cryptocurrencies market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, that means it is not controlled by one central source. The centralized systems and human gatekeepers limit the speed and sophistication of transactions while reducing users' direct control over their money. There are no middlemen in digital currency transactions and consumers have the authority to stop or pause transactions and record them in their private ledger. For instance, in July 2021, Tesla, a US-based electric car manufacturer has started accepting bitcoin as a mode of payment because of its transparency and unique value. Therefore, the transparency in financial payment drives the market for cryptocurrencies market.
The cryptocurrency market consists of sales of tether, USD coin, BNB, binance USD, XRP, dogecoin, cardano and polygon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the cryptocurrency market are Advanced Micro Devices Inc., BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, Nvidia Corporation, Ripple, Xilinx Inc., Xapo, BitGo, Binance, Coinbase Global Inc., CoinDesk, and Bitmain Technologies Ltd.
This product will be delivered within 3-5 business days.
The main types of cryptocurrencies are bitcoin, ethereum, bitcoin cash, ripple, dash coin, litecoin, and others. Bitcoin is a digital currency that uses peer-to-peer technology to facilitate instant payments. The different processes comprise mining, transactions, and offerings include hardware, software. Cryptocurrencies are used in trading, retail and e-commerce, banking, and others.
The global cryptocurrency market grew from $1.86 billion in 2022 to $2.13 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cryptocurrency market is expected to grow to $3.78 billion in 2027 at a CAGR of 15.4%.
The cryptocurrency market research report is one of a series of new reports that provides cryptocurrency market statistics, including cryptocurrency industry global market size, regional shares, competitors with a cryptocurrency market share, detailed cryptocurrency market segments, market trends and opportunities, and any further data you may need to thrive in the cryptocurrency industry. This cryptocurrency market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Stable coins are gaining significant popularity in the cryptocurrency market. Stable coins are cryptocurrencies that are linked to a physical asset, such as government-issued currency or a commodity to reduce cryptocurrency fluctuation. For instance, in 2020, the circulation volume of stable coins increased by 500%. Additionally, in March 2021, Techemynt, an India-based financial service provider, introduced stable coins supported by the New Zealand dollar to combine the flexibility of cryptocurrency with the stability of the New Zealand dollar.
In March 2021, PayPal Holdings Inc., a US-based financial technology company acquired Curv for an undisclosed amount. With this acquisition, PayPal Holdings, Inc strengthens and develops its initiatives to support cryptocurrencies and digital assets. Curv is an Israel-based cryptocurrency security company.
Asia-Pacific was the largest region in the cryptocurrency market in 2022. The regions covered in the cryptocurrency report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the cryptocurrency market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Transparency in financial payment is expected to propel the growth of the cryptocurrencies market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, that means it is not controlled by one central source. The centralized systems and human gatekeepers limit the speed and sophistication of transactions while reducing users' direct control over their money. There are no middlemen in digital currency transactions and consumers have the authority to stop or pause transactions and record them in their private ledger. For instance, in July 2021, Tesla, a US-based electric car manufacturer has started accepting bitcoin as a mode of payment because of its transparency and unique value. Therefore, the transparency in financial payment drives the market for cryptocurrencies market.
The cryptocurrency market consists of sales of tether, USD coin, BNB, binance USD, XRP, dogecoin, cardano and polygon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the cryptocurrency market are Advanced Micro Devices Inc., BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, Nvidia Corporation, Ripple, Xilinx Inc., Xapo, BitGo, Binance, Coinbase Global Inc., CoinDesk, and Bitmain Technologies Ltd.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cryptocurrency Market Characteristics
3. Cryptocurrency Market Trends And Strategies
4. Cryptocurrency Market - Macro Economic Scenario
4.1 COVID-19 Impact On Cryptocurrency Market
4.2 Ukraine-Russia War Impact On Cryptocurrency Market
4.3 Impact Of High Inflation On Cryptocurrency Market
5. Cryptocurrency Market Size And Growth
5.1. Global Cryptocurrency Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Cryptocurrency Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Cryptocurrency Market Segmentation
6.1. Global Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Bitcoin
- Ethereum
- Bitcoin Cash
- Ripple
- Dashcoin
- Litecoin
- Other Types
- Mining
- Transaction
- Hardware
- Software
- Trading
- Retail And E-commerce
- Banking
- Other End Users
7.1. Global Cryptocurrency Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Cryptocurrency Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Cryptocurrency Market
8.1. Asia-Pacific Cryptocurrency Market Overview
- Region Information, Impact Of COVID_19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Cryptocurrency Market
9.1. China Cryptocurrency Market Overview
9.2. China Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Cryptocurrency Market
10.1. India Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Cryptocurrency Market
11.1. Japan Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Cryptocurrency Market
12.1. Australia Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Cryptocurrency Market
13.1. Indonesia Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Cryptocurrency Market
14.1. South Korea Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Cryptocurrency Market
15.1. Western Europe Cryptocurrency Market Overview
15.2. Western Europe Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Cryptocurrency Market
16.1. UK Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Cryptocurrency Market
17.1. Germany Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Cryptocurrency Market
18.1. France Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Cryptocurrency Market
19.1. Eastern Europe Cryptocurrency Market Overview
19.2. Eastern Europe Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Cryptocurrency Market
20.1. Russia Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Cryptocurrency Market
21.1. North America Cryptocurrency Market Overview
21.2. North America Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Cryptocurrency Market
22.1. USA Cryptocurrency Market Overview
22.2. USA Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Cryptocurrency Market
23.1. South America Cryptocurrency Market Overview
23.2. South America Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Cryptocurrency Market
24.1. Brazil Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Cryptocurrency Market
25.1. Middle East Cryptocurrency Market Overview
25.2. Middle East Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Cryptocurrency Market
26.1. Africa Cryptocurrency Market Overview
26.2. Africa Cryptocurrency Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Cryptocurrency Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Cryptocurrency Market Competitive Landscape And Company Profiles
27.1. Cryptocurrency Market Competitive Landscape
27.2. Cryptocurrency Market Company Profiles
27.2.1. Advanced Micro Devices Inc.,
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. BitFury Group Limited
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. BTL Group Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Coincheck Inc.,
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Intel Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Cryptocurrency Market
29. Cryptocurrency Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Cryptocurrency Global Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cryptocurrency global market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for cryptocurrency global? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cryptocurrency global market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Bitcoin; Ethereum; Bitcoin Cash; Ripple; Dashcoin; Litecoin; Other Types2) By Process: Mining; Transaction
3) By Offering: Hardware; Software
4) By End User: Trading; Retail And E-commerce; Banking; Other End Users
Companies Mentioned: Advanced Micro Devices Inc.,; BitFury Group Limited; BTL Group Ltd.; Coincheck Inc.,; Intel Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Micro Devices Inc.
- BitFury Group Limited
- BTL Group Ltd.
- Coincheck Inc.
- Intel Corporation
- Ledger SAS
- Nvidia Corporation
- Ripple
- Xilinx Inc.
- Xapo
- BitGo
- Binance
- Coinbase Global Inc.
- CoinDesk
- Bitmain Technologies Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 2.13 billion |
| Forecasted Market Value ( USD | $ 3.78 billion |
| Compound Annual Growth Rate | 15.4% |
| Regions Covered | Global |
