The International Cryptocurrency Alternate Platform Market Dimension was valued at USD 32.77 billion in 2021 and the worldwide cryptocurrency trade platform Market share is anticipated to succeed in USD 347.50 billion by 2030. Based on a analysis report revealed by Spherical Insights & Consulting; Key corporations profiled are BlockFi Worldwide Ltd.; Coinmama; eToro; Coinbase; Binance; Kraken; Bitstamp; Coincheck, Inc. FTX Buying and selling Ltd.; AirSwap and Others Outstanding Key Gamers we’re coated within the last report.
New York, United States , Nov. 16, 2022 (GLOBE NEWSWIRE) — The International Cryptocurrency Alternate Platform Market Dimension to develop from USD 32.77 billion in 2021 to USD 347.50 billion by 2030, at a Compound Annual Development Price (CAGR) of 30.08% in the course of the forecast interval. The sector is increasing on account of rising public consciousness of cryptocurrencies and their advantages, together with flexibility and safety. Because of the growth of blockchain know-how, there’s a nice emphasis on protected and decentralized networks, which is optimistic for market enlargement. The demand for the cryptocurrency trade market is anticipated to rise as digital belongings equivalent to cryptocurrencies and Non-Fungible Tokens (NFTs) enhance in recognition. Digital foreign money is shortly being embraced by folks in industrialized nations just like the U.S. and Canada due to its versatility and ease of transaction use. Moreover, the cryptocurrency trade market is anticipated to learn from the rising use of mobile-based buying and selling techniques.
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The COVID-19 pandemic has made an opposed influence on credit score portfolios. There was an unprecedented rise in unemployment and disruption in financial exercise, placing a pressure on the solvency of shoppers and corporations. Central banks have taken a proactive strategy by injecting liquidity into the market by decreasing rates of interest and asset buy applications. Managing and monitoring credit score, market, liquidity, and operational threat throughout monetary markets had been onerous sufficient with ongoing geopolitical tensions, worldwide commerce wars, and the occasional hurricanes and earthquakes. The present pandemic has compelled chief threat officers and their groups to recalibrate previous assumptions and fashions used to handle and monitor threat. COVID-19’s world influence has proven that interconnectedness performs an essential function in worldwide cooperation. Consequently, many governments began dashing towards figuring out, evaluating, and procuring dependable options powered by AI.
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The Bitcoin phase to account for the biggest market dimension in the course of the forecast interval
Based mostly on Cryptocurrency, the worldwide Cryptocurrency trade platform Market is categorized into Bitcoin, Ethereum, Cardano, Solana, and Others. The Bitcoin phase accounts for the biggest market dimension in the course of the forecast interval. Because the Bitcoin Basis of cryptocurrencies created the cryptocurrency business, Bitcoin is taken into account the dominant cryptocurrency. Consequently, Bitcoin has an influence on the complete cryptocurrency market. Moreover, the expansion of a number of altcoins, together with Litecoin, Bitcoin Money, and Bitcoin Diamond, is anticipated to speed up within the upcoming years. The necessity for Bitcoin trade platforms is elevated as a result of Bitcoin is regarded as probably the most reliable and safe community.
Browse key business insights unfold throughout 223 pages with 106 market information tables and figures & charts from the report “International Cryptocurrency trade platform Market Dimension, Share, and COVID-19 Impression Evaluation, By Cryptocurrency (Bitcoin, Ethereum, Cardano, Solana and Others), By Finish-use (Business and Private) and by Area (North America, Europe, Asia-Pacific, Latin America, Center East and Africa), Evaluation and Forecast 2021 – 2030”, intimately together with the desk of contents.
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The Business phase to carry a better CAGR in the course of the forecast interval
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Based mostly on the Finish-use, the Cryptocurrency trade platform Market is categorized into Private and Business. The Business phase to carry a better CAGR in the course of the forecast interval.
North America is estimated to account for the very best market share in 2021.
The International Cryptocurrency trade platform Market has been segmented into 5 main areas: North America, Europe, Asia-Pacific, South America, The Center East and Africa. The demand for cryptocurrency trade platforms is pushed by the rising acceptance of cryptocurrencies as a type of worth storage and their use in NFTs. Moreover, the supremacy is credited to the presence of a number of essential gamers within the space, together with Gemini, Kraken, and others, and quite a few companies’ actions to fulfill consumer expectations. As an illustration, in June 2021, 650 banks, credit score unions, and NCR Corp. collaborated to supply cryptocurrencies. Asia-Pacific to carry a better CAGR in the course of the forecast interval.
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Key Firms & Latest Developments: The report additionally supplies an elaborative evaluation specializing in the present information and developments of the businesses, which incorporates product growth, improvements, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This permits for the analysis of the general competitors inside the market. Main distributors within the world cryptocurrency trade platform Market embrace BlockFi Worldwide Ltd., Coinmama, eToro, Coinbase, Binance, Kraken, Bitstamp, Coincheck, Inc., FTX Buying and selling Ltd., Cryptocurrency trade platform Market AirSwap, and Others Outstanding Key Gamers we’re coated within the last report.
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International Cryptocurrency Cost Apps Market Dimension, Share, and COVID-19 Impression Evaluation, By Cryptocurrency Kind (Bitcoin, Ethereum, Litecoin, DAI, Ripple and Others), By Cost Kind (In-store Cost and On-line Cost), By Working System (Android, IOS, and Others) By Finish Person (People and Companies) and By Area (North America, Europe, Asia-Pacific, Latin America, Center East and Africa) Evaluation and Forecast 2021 – 2030
International Crypto ATM Market Dimension, Share & Traits, COVID-19 Impression Evaluation Report, By Part (Answer, Providers), By Deployment (On-premise, Cloud-based), By Kind (Inventory Markets, FOREX, Alternate-Traded Fund (ETF), Bonds, Cryptocurrencies & Others), and By Area (North America, Europe, Asia-Pacific, Latin America, Center East, and Africa), Evaluation and Forecast 2021 – 2030
On-chain data shows the cryptocurrency traders have hit the snooze button as Bitcoin and other assets have witnessed a plunge in volume.
Bitcoin & Altcoins Have Seen A Trading Volume Crash Recently
According to data from the on-chain analytics firm Santiment, trading volume has seen a slowdown in the cryptocurrency sector during the past week.
The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading activities on the major exchanges. When the value of this metric goes up, it means the investors are participating in a higher amount of activity related to the coin. Such a trend implies interest in the asset is on the rise.
On the other hand, the indicator observing a decline suggests the traders may be starting to put their attention elsewhere as they are taking part in a lower amount of activity.
Now, here is a chart that shows the trend in the combined Bitcoin trading volume for four different segments of the digital asset sector:
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The value of the metric appears to have gone through a decline for all of these groups | Source: Santiment on X
In the above graph, the four sides or segments of the cryptocurrency market displayed are: Memecoins Top 6, AI & Big Data Top 6, Layer 1 Top 6, and Layer 2 Top 6.
“Layer 1” assets refer to those that circulate on blockchains that handle their own security and aren’t built on top of another ecosystem. Bitcoin and Ethereum are the most prominent examples of coins of this type. The coins that aren’t on primary networks, like Polygon (MATIC) and Arbitrum (ARB), are termed Layer 2.
From the chart, it’s apparent that the six largest coins for both of these categories have seen a sharp decline in their trading volume recently. Segments like meme-based tokens and AI-related coins have also noted cooldowns of their own at the same time.
Back in November and the first half of December, the volume was high across the market as traders made a large number of moves during the Bitcoin bull run hype. It would appear, though, that the recent bearish shift has damaged the investor morale.
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After the latest continuation of the decline in the indicator, trading activity in the market has slumped to the lowest level since the 4th of November, a day before the presidential elections in the US.
Generally, the market tends to see volatility when a large number of traders are participating in trading activity, as it’s their trades that fuel price moves. Since the trading volume has slumped across the cryptocurrency sector recently, it’s possible that Bitcoin and others might see a state of calm in the near future.
The low activity may even be considered a sign that there is FUD in the market, which is something that has facilitated bottoms in the past.
BTC Price
At the time of writing, Bitcoin is trading at around $90,700, down almost 8% in the last week.
Looks like the price of the coin has been going down over the past day | Source: BTCUSDT on TradingView
Featured image from Dall-E, Santiment.net, chart from TradingView.com
A member of Congress disclosed buying three cryptocurrencies in December, as the sector gets ready to welcome in a pro-cryptocurrency White House administration.
What Happened: With many cryptocurrencies hitting new all-time highs after Donald Trump’s 2024 election win, members of Congress like Representative Guy Reschenthaler (R-Pa.) are adding crypto to their portfolio.
According to Benzinga’s Government Trades page for Reschenthaler, the Republican Representative disclosed the trades recently in one filing.
Here are the cryptocurrencies purchased and the dates the trades were made:
Dec. 11: $1,000 to $15,000 Solana SOL/USD
Dec. 11: $1,000 to $15,000 XRP TokenXRP/USD
Dec. 23: $1,000 to $15,000 Bitcoin BTC/USD
The transactions are the first disclosed by Reschenthaler since he joined Congress in 2019.
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Why It’s Important: Reschenthaler, 41, has not been as vocal about cryptocurrency as other members of Congress have been. The purchase could be due in part due to his belief that a Trump presidency will be bullish for the cryptocurrency sector.
Here is a look at how much the Congressman paid for the cryptocurrencies versus where the price is today:
Solana: 12/11 range $211.99 to $230.51, today $175.83
XRP: 12/11 range $2.24 to $2.47, today $2.45
Bitcoin: 12/23 range $92,403.13 to $96,416.21, today $91,836.61
Two of the Congressman’s purchases have lost money while the purchase of XRP has turned into a winning trade. Benzinga will closely monitor the trading activity of members of Congress when it comes to cryptocurrency in the coming months.
Last year, Reschenthaler proposed renaming the Washington Dulles International Airport, which is located 25 miles from Washington, D.C., to the Donald J. Trump International Airport.
“In my lifetime, our nation has never been greater than under the leadership of President Donald J. Trump,” Reschenthaler said at the time. “As millions of domestic and international travelers fly through the airport, there is no better symbol of freedom, prosperity, and strength than hearing ‘Welcome to Trump International Airport’ as they land on American soil.”
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Market News and Data brought to you by Benzinga APIs
HONG KONG SAR – Media OutReach Newswire – 13 January 2025 – VT Markets, an award-winning financial services provider, today releases its 2025 Q1 Economic Outlook. The report highlights how the dual tailwind of favourable policies and market dynamics will propel the cryptocurrency sector into a new era of mainstream adoption. The report also underscores the transformative strides achieved by cryptocurrencies in 2024, which sets the stage for further growth in the upcoming year.
2024 As A Landmark Year for Cryptocurrency
With the conclusion of the 2024 U.S. Presidential election, cryptocurrencies have ascended from niche assets to mainstream investment products. Political developments, particularly arising President Trump’s re-election and his pro-cryptocurrency stance, acted as the main catalyst for this phenomenon. Participants observed Bitcoin’s price surging by over 40%, crossing $108,000 by year-end anticipating dovish policy shifts and renewed investor confidence towards the digital asset.
Key regulatory appointments, such as naming crypto advocate Hester Peirce as SEC Chair, signalled to the market a shift towards a more favourable regulatory framework, instilling optimism in institutional and retail investors alike.
The Rise of Spot Bitcoin ETFs
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In early 2024, the U.S. SEC approved multiple spot Bitcoin ETFs; a significant breakthrough for the cryptocurrency industry then. By year-end, assets under management for these ETFs grew from $28.8 billion to $110 billion. Among them, BlackRock’s IBIT ETF stood out, achieving record-breaking $30 billion AUM in under 300 days.
This development not only validated cryptocurrencies as a mainstream investment class but also paved the way for wider institutional participation. The integration of cryptocurrency into traditional finance is seen as a key step toward standardisation – an issue which has plagued the industry since its inception.
Liquidity and Risk Appetite Fuel Growth
Macroeconomic conditions, including the Federal Reserve’s shift towards an easing monetary policy, contributed to increased market liquidity and higher risk asset valuations. Cryptocurrencies, known for their high-risk, high-reward profile, inevitably emerged as a preferred choice for portfolio diversification, further driving their adoption and price momentum.
2025 Will Be A Year of Regulatory Clarity and Technological Innovation
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Looking ahead, the cryptocurrency sector is poised for greater regulatory clarity and broader market acceptance globally:
United States: Expected legislation on stablecoins and other crypto assets will a establish a clear regulatory environment.
European Union: The upcoming implementation of the Markets in Crypto-Assets Regulation (MiCA) will enhance transparency and compliance.
Asia-Pacific: Singapore and Hong Kong are set to strengthen their positions as regional crypto hubs, promoting Web3 development and reopening licensing opportunities for exchanges.
Emerging Markets: Countries like Brazil, the UAE, Australia, and South Africa are advancing efforts to legitimize cryptocurrencies, potentially becoming regional leaders in the sector.
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A New Era for Mainstream Cryptocurrency Adoption
The VT Markets’ Research Desk suggests that the confluence of supportive policies, transparent regulations, and robust market conditions will accelerate the mainstream adoption of cryptocurrencies.
They believe that this transition from speculative assets to recognised investment products will be a pivotal moment in financial innovation.
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