Cryptocurrency Exchange-Platforms Market - Strong Demand for the Platform to Facilitate the Trading of Cryptocurrencies for Fiat Money is Expected to Lead to Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 12.7% from 2022 to 2028

Cryptocurrency Exchange-Platforms
  • Cryptocurrency Exchange-Platforms Market

As stated in our exclusive report, the Global Cryptocurrency Exchange-Platforms Market accounted forUSD 329.4 Millionin the year 2021. Over the forecast period, the worldwide Cryptocurrency Exchange-Platforms Market is expected to increase significantly, owing to the strong demand for the platform to facilitate the trading of cryptocurrencies for fiat money. Cryptocurrency Exchange-Platformss function as middlemen between buyers and sellers, generating revenue through transaction fees and commissions. To better their offerings and customer experience, several fintech companies are collaborating with crypto-currency companies. The bank now offers crypto solutions to its customers due to this partnership.

In order to protect themselves from rising inflation, many people have abandoned the few avenues, and started favoring assets that have traditionally held or even increased in value. People typically shift their dollars into investments that are scarce or less volatile in general to escape inflation or volatile markets. Precious metals, stocks in less volatile sectors, and, more recently, Bitcoin are some examples of 'safe-haven' investments. As previously stated, Bitcoin is being marketed as a safe-haven asset. In addition, there is an increasing incentive in today's societal & economic milieu to store less cash & be hedged against extreme market movements. As a result, there is an sharp increase in the number of Crypto users worldwide, which is a major driving element in the growth of the Cryptocurrency Exchange-Platforms Market. Venture capital firms have invested a significant amount of money in Cryptocurrency Exchange-Platforms Market companies, thus, creating an attractive potential for market expansion.

Regional Outlook of Cryptocurrency Exchange-Platforms Market: North America is the Most Potential

North America accounted to have potential growth in the Cryptocurrency Exchange-Platforms Market in 2021. People in underdeveloped countries utilize crypto-currency for peer-to-peer payments. Nigeria and Kenya, both African countries, do highly in this category. The African region has been at the forefront of adopting novel P2P payment mechanisms, such as mobile payments, to leapfrog options like bank transfers and the associated digital payment possibilities.

The well-known players of the Global Cryptocurrency Exchange-Platforms Market include BlockFi, Coinmama, eToro, Coinbase, Binance, Kraken, Bitstamp, Coincheck, FTX, AirSwap and others.