Press release
Bitcoin Technology Market 2022 Strategic Assessments - Blockstream Corporation Inc., Coinbase Inc., Coinify ApS, Unocoin Technologies Pvt Limited
The Bitcoin Technology Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The bitcoin technology market registered a CAGR of 8.3% over the forecast period 2021 - 2026.
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Top Leading Companies of Bitcoin Technology Market are Blockstream Corporation Inc., Coinbase Inc., Coinify ApS, Unocoin Technologies Pvt Limited, Bitstamp Ltd., itBit Trust Company LLC, Blockchain Luxembourg SA, Kraken (Payward Inc.), BitPay Inc., Plutus Financial Inc. (ABRA) and others.
Industry News and Updates
June 2019 - Facebook announced its new Libra cryptocurrency, which will let users make purchases or send money to people with virtually no fees either online or at local exchange points like grocery stores.
- March 2019 - Venezuelan Government launched crypto remittance service, where remittances can be sent using two types of currency litecoin and bitcoin. The service was launched by the Superintendency of Cryptoassets and Related Activities, Venezuela's main crypto regulator, which has also set a monthly limit and a commission per transaction.
- January 2019 - Blockstream entered a joint venture called Crypto Garage with Japanese fintech industry heavyweights Digital Garage and Tokyo Tanshi. It is dedicated to building Bitcoin and blockchain solutions for the Japanese institutional market.
Key Market Trends
North America to Witness the Highest Growth
- North America is one of the fastest growing regions when it comes to bitcoin mining and vendors offering bitcoin services also are expanding in this region. For instance, Binance, the world's largest cryptocurrency exchange by volume, announced launching a U.S. division in June 2019.
- As the awareness of bitcoin is increasing. Newegg, the leading tech-focused e-retailer in North America announced to give customers in Canada the option of paying with bitcoin. This move will drive the demand for bitcoin among consumers.
- In June 2019, Plouton Mining announces its aims to build what will be the largest solar-powered mining operation in North America, providing people with an opportunity to participate in the growing bitcoin economy in a sustainable and affordable way.
Regional Outlook of Bitcoin Technology Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Bitcoin Technology Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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