Crypto Trading Market Value to Grow by Almost US$ 135.7 Billion by 2032 | Report by FMI

In 2022, the global crypto trading market is expected to be worth $36.5 billion USD. The global market is expected to be worth US$ 135.7 billion by 2032, with a 14.0% CAGR during the forecast period (2022-2032). Cryptocurrency is the virtual currency. It is a digitally existing currency which has a central issuing or regulating authority above. Blockchain is decentralized technology is used to authenticate transactions.

Moreover, banks do not involve in here to verify the transactions but are used as a peer-to-peer system which helps users in sending and receiving payments from any location in the world.

Crypto trading platforms also called exchange platforms help in interchanging this currency with the help of exchange accounts. The most important factors considered while exchanging the currencies in crypto trading platforms are volume, security, commission rates, and market availability.

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What is Driving Demand for Crypto Trading Platforms?

Growing need in the transparency and operational efficiency in financial payment systems, increasing demand for remittances in emerging economies, rise in data security, and enhanced market cap are some of the major factors which are driving the market growth.

Moreover, growing demand for cryptocurrency among financial institutions, banks, and untapped potential in developing economies are anticipated to offer lucrative opportunity for the market expansion during the forecast period.

Cryptocurrencies for the global economy range from lower transaction fees for the online exchange of money, this leads to rise in the protection from identity theft due to its secure nature.

Services is anticipated to register highest CAGR during the forecast period in crypto trading platforms market by Solution

On the basis of solution, the market for crypto trading platforms is segmented into software and services. Out of which services is anticipated to register a highest CAGR during the forecast period.

The growth of the segment can be attributed to the growing demand for the various services offered by different exchange platforms to its customers. Few of the services include CSRF & SSRF protection, elliptic-curve cryptography wallet, payment gateway integration, KYC & AML integration, DDoS protection and X-XSS-Protection among others.

North America Crypto Trading Platforms Demand Outlook

North America is one of the largest markets for crypto trading platforms across the globe. The growth in the region is majorly attributed to the growing interest in cryptocurrencies among the major population.

Furthermore, North America happens to be the most speedily changing and competitive market across the world. Also, the region is also anticipated to adopt new technologies at a quicker pace as compared to other countries across the globe.

Asia Pacific Demand Outlook for Crypto Trading Platforms

Asia Pacific is anticipated to showcase the highest CAGR during the forecast timeframe. Countries like China, Japan, and South Korea are expected to grow with the significant pace, in which China has the largest market among all the APAC countries. The major factor responsible for the growth in the region is the low cost of electricity, and presence of big mining companies.

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Who are the Key Manufacturers and Suppliers of Crypto Trading Platforms?

Some of the leading manufacturers of Crypto trading platforms market are

Binance
Coinbase
Kraken
Huobi Global
Bitfinex
Bitstamp
Luno
Exmo
Gemini

Crypto Trading Platforms Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Crypto Trading Platform Market Outlook by Category

By Platform:

Web-based Crypto Trading Platform
Mobile Crypto Trading Platform App

By Cryptocurrency:

Bitcoin
Ethereum
Tether
USD Coin
Binance Coin
Others

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By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.