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The world cryptocurrency exchange platform market dimensions are supposed to reach USD 264.32 billion by 2030, growing with a CAGR of 27.8% from 2022 to 2030, according to this research conducted.

Ever rising awareness about cryptocurrencies as well as their advantages, like flexibility and security, is driving the industry’s growth. The strong concentrate on secure and decentralized networks as a result of the emergence of blockchain technology also bodes well together with the market growth. Several market players have invested in development and research activities show them advanced innovative exchange platforms.

As an example, in July 2022, Billium, an exchange operating out of Dubai, announced the launch of your new-age platform to handle decentralized transactions more effectively and efficiently. It’s integrated having a copy trading function named ‘Billium Copy Trading’, which will allow novice users to adhere to the trades of the professionals.

The growing rise in popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to further improve their service offerings. For instance, 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 from its crypto wallet partner Crypto.com. Such developments are hoped for to propel industry growth over the forecast period.

The outbreak with the COVID-19 pandemic is required to play a decisive role in driving the market in the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies because cryptocurrency segment is decentralized. Additionally, because it is not controlled by any central authority, it eliminates the political influence during troubled times, such as the pandemic.

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