New York, NY -- (SBWIRE) -- 01/15/2021 -- Cryptocurrency is a digital asset functioning as a medium of exchange. It stores individual coin ownership records in a computerized database using cryptography. Cryptocurrency is extensively used for various purposes, such as securing transaction records, verifying coin ownership transfer, and controlling the creation of additional coins. It works through blockchain technology and acts as a database for public finance transactions.
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Leading Players Profiled in the Report Include:
Intel Corporation
NVIDIA
CoinBase
Bitmain Technologies
Ethereum Foundation
Ripple Labs Inc.
Xilinx
Binance
com
Advanced Micro Devices
BitGo
Bitfury
Market Drivers
The global cryptocurrency market is predicted to experience significant growth over the forecast years, owing to certain favorable factors like the escalating demand for cryptocurrency worldwide, rising adoption of blockchain technology, increasing adoption of advanced virtual currency exchange methods, and the growing popularity of digital assets like Bitcoin. Blockchain technology integrated into cryptocurrency offers fast, secure, and efficient financial transactions. Thus, rising adoption of cryptocurrency due to higher flexibility and ease in transactions, increasing company investments in cryptocurrency and blockchain technology, the emergence of decentralized exchange platforms, and deepening focus on eliminating financial crises are the other vital factors triggering the growth of the global cryptocurrency market.
Regional Outlook
The Asia Pacific region stands out as the leading regional cryptocurrency market, accounting for the highest market revenue. The presence of globally recognized cryptocurrency companies in the region, increasing focus on venture capital funding, mounting awareness about blockchain technology, and favorable government norms regarding cryptocurrency transactions are the key parameters expected to induce market growth in this region in the near future.
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Global Cryptocurrency Market Segmentation:
By Offering (Revenue, USD Million; 2017-2027)
Hardware
GPU
FPGA
ASIC
Web Wallet
Paper Wallet
Others
Software
Exchange Software
Mining Software
Payments
Wallet
Others
By Process (Revenue, USD Million; 2017-2027)
Mining
Transaction
By Type (Revenue, USD Million; 2017-2027)
Bitcoin
Bitcoin Cash
Ethereum
Litecoin
Ripple
Dash
Cardano
Others
By Application (Revenue, USD Million; 2017-2027)
Trading
Remittance
Peer-to-peer Payment
Retail & e-commerce
Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Key Points of the Report:
Market Overview: This section of the report offers actionable insights into the global Cryptocurrency market, encompassing the historical and future timelines, key dynamics, latest market trends, growth trajectories, and the future market scope. It highlights the principal market segments, including the main product types, application gamut, end-user industries, and regional spectrum.
Executive Summary: In this section of the report, a comprehensive assessment of the competitive landscape of the market, regional mapping, CAGR, and various crucial parameters like key market drivers, restraints, trends, challenges, and growth prospects.
COVID-19 Impact Analysis: The report closely analyzes the impact of the COVID-19 pandemic on numerous aspects of the Cryptocurrency industry, such as production capacity, consumption rate, import-export status, demand & supply ratio, and the estimated revenue generation of each regional segment.
Competitive Landscape: This segment of the report systematically profiles the leading companies functioning in the Cryptocurrency industry. Moreover, the report emphasizes the global market value & volume, product portfolios, production capacity, and other vital aspects of these companies.
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