Cryptocurrency Exchange Platform Marketplace Size, Share & Tendencies Evaluation

The worldwide cryptocurrency exchange platform market sizing is expected to reach USD 264.32 billion by 2030, growing in a CAGR of 27.8% from 2022 to 2030, according to this study conducted.

Ever rising awareness about cryptocurrencies along with their advantages, including flexibility and security, is driving the industry's growth. The strong concentrate on secure and decentralized networks due to the emergence of blockchain technology also bodes well with the market growth. Several market players have purchased research and development activities to introduce advanced innovative exchange platforms.

For instance, in July 2022, Billium, an exchange situated in Dubai, announced the launch of an new-age platform to execute decentralized transactions much better and efficiently. It is integrated which has a copy trading function named 'Billium Copy Trading', that may allow novice users to follow the trades with the professionals.

The growing availability of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to further improve their service offerings. As an illustration, in March 2021, Visa, Inc. announced to stay transactions in U.S. Dollar Coin (USDC) on Ethereum with cryptocurrency partners.

In March 2021, Visa, Inc. accepted its first settlement in USDC from its crypto wallet partner Crypto.com. Such developments are required to propel industry growth in the forecast period.

The outbreak in the COVID-19 pandemic is required to learn a decisive role in driving a within the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies as the cryptocurrency segment is decentralized. Moreover, since it is not controlled by any central authority, it eliminates the political influence during troubled times, including the pandemic.

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