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(USGovernment-News.Com, September 30, 2018 ) According to Verified Market Intelligence, The Global Cryptocurrency Market was valued at USD 295.26 million in 2016 and is projected to reach USD 3,678.92 million by 2025, growing at a CAGR of 32.35% from 2017 to 2025.
A Cryptocurrency is defined as a digital or virtual currency that is designed to work as a medium of exchange. It helps in securing and verifying transactions along with controlling the creation of additional units. Transactions done using cryptocurrency are untraceable, anonymous and have created a place for illegal transactions. It offers many benefits such as immediate settlement, worldwide recognition, public access, fraud prevention, improved security, lower fees and many more. Thus, all these benefits contribute to the growth of the cryptocurrency market.
Increased opportunities in both developed and developing countries, a rise in the adoption rate of cryptocurrency across various industries, an increase in capital investment and varying monetary regulations have been driving the global cryptocurrency market. On the other hand, concerns regarding security, control, and privacy, scalability complexities and lack of awareness and technical expertise might hinder the overall growth at a global level.
The “Global Cryptocurrency Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BTL Group Ltd., BitGo, Xilinx Inc., Advanced Micro Devices, Inc., Alphapoint Corporation, BitFury Group Limited, NVIDIA Corporation, Microsoft Corporation, and Intel Corporation. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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