The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global cryptocurrency market was valued at US$ 1,782 Billion in 2021.
We expect the global cryptocurrency market to exhibit a CAGR of 58.4% during 2022-2027.
The extensive utilization of cryptocurrency for monitoring transactions through decentralized
networks to ensure safety, confidentiality, minimal transaction fee, etc., is currently driving the
global cryptocurrency market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of digital
alternatives to money, such as cryptocurrency, as it enables secured online payments, resulting in
limited use of manual payment methods to combat the risk of the coronavirus infection.
Based on the type, the global cryptocurrency market has been divided into bitcoin, ethereum,
bitcoin cash, ripple, Litecoin, dashcoin, and others. Among these, bitcoin exhibits a clear dominance
in the market.
Based on the component, the global cryptocurrency market can be categorized into hardware and
software, where software holds the majority of the total market share.
Based on the process, the global cryptocurrency market has been segmented into mining and
transaction. Currently, transaction process represents the largest market share.
Based on the application, the global cryptocurrency market can be bifurcated into trading,
remittance, payment, and others. Among these, trading accounts for the majority of the global
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global cryptocurrency market include Advanced Micro Devices Inc.,
Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation,
Microsoft Corporation, Quantstamp Inc. and Ripple Services Inc.
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