• Breen Frank posted an update 1 year, 4 months ago

    The worldwide cryptocurrency exchange platform market sizing is anticipated to reach USD 264.32 billion by 2030, growing with a CAGR of 27.8% from 2022 to 2030, based on this research conducted.

    The rising awareness about cryptocurrencies as well as their advantages, for example flexibility and security, is driving the industry’s growth. The strong emphasis on secure and decentralized networks due to the emergence of blockchain technology also bodes well together with the market growth. Several market players have committed to research and development activities to introduce advanced innovative exchange platforms.

    For instance, in July 2022, Billium, an exchange operating out of Dubai, announced the launch of your new-age platform to carry out decentralized transactions much better and efficiently. It really is integrated which has a copy trading function named ‘Billium Copy Trading’, that may allow novice users to adhere to the trades in the professionals.

    The growing popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to enhance their service offerings. For example, 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 by reviewing the crypto wallet partner Such developments are required to propel industry growth over the forecast period.

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

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