Crypto trading platforms market is expected to grow at a CAGR of 13.5% during the forecast period of 2021-2031. Cryptocurrency is the virtual currency. It is a digitally existing currency which have central issuing or regulating authority above. Blockchain decentralized technology which is used to authenticate the transactions.
Moreover, banks do not involve in here to verify the transactions but is used as peer-to-peer system which helps users in sending and receiving payments from any location of the world.
Crypto trading platforms also called as exchange platforms helps 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.
Who are the Key Manufacturers and Suppliers of Crypto Trading Platforms?
Some of the leading manufacturers of Crypto trading platforms market are
- Huobi Global
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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 Platforms
- Media and Entertainment
- Peer-to-Peer Payment
- E-Commerce and Retail
- North America
- Latin America
- 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.