Global Crypto Currency Market Study Analysis: The Cryptocurrency Market Is Expected To Witness Rapid Growth At A CAGR Of More Than 12%

The global Crypto Currency market is expected to grow from $ billion in 2020 to $ billion in 2028 at a CAGR of 12%. Cryptocurrency is not a physical form of currency and is not issued by any central authority. These currencies are designed to work as a medium of exchange. The cryptocurrency is based on decentralizing the monitoring of transactions. The mining process is the process of transmission, generation, and validation of transactions in cryptocurrencies. Bitcoin is the first decentralized cryptocurrency.

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Global Crypto Currency Drivers And Restrain:
The major factor driving the growth of the market includes the issue related to the lack of transparency when the transaction takes place without the information of stakeholders. In Asian countries, there are several cases of fraudulent and unwanted transactions such as deduction of scheduled charges, which are being observed frequently. These errors may be caused by human error, data manipulation, or machine error during the transaction process and result in the customer loss of huge money.
The major factor restraining the market growth includes the lack of regulation and the uncertainty. Apart from these, the market is also not regulated. The financial regulatory bodies across the world are working to find common standards for cryptocurrencies.

Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Crypto Currency Market Segments:
The global Crypto Currency market is further segmented into offering, process, type, application, and geography.
By Offering: Hardware, and Software
By Process: Mining and Transaction
By Type: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, Others
By Application: Trading, Remittance, Payment: Peer-to-Peer Payment, eCommerce, and Retail

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)
The Asia Pacific is expected to witness the highest growth due to the low cost of electricity, and the presence of big mining companies.

Key Players of Global Crypto Currency Market:
• Bitmain
• NVIDIA
• Xilinx
• Intel
• Advanced Micro Devices
• Ripple Labs
• Ethereum Foundation
• Bitfury Group
• Coinbase
• BitGo

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Crypto Currency Market
• Value Chain Analysis of Global Crypto Currency Market
• What is the CAGR of the global Crypto Currency Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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