Precision Business Insights has published a report on the global cryptocurrency market, estimating its value at USD 5,873.6 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/cryptocurrency-market

The Cryptocurrency Market is the global environment for buying, selling, trading, and holding digital currencies based on decentralized blockchain networks. Cryptocurrencies, such as Bitcoin, Ethereum, and hundreds of altcoins, are digital assets protected by encryption and intended to serve as means of exchange, stores of value, or platforms for decentralized applications.

Drivers:

• Growth in DeFi, NFTs, Web3, and Layer-2 protocols expands use cases and improves scalability.
• Increased VC funding accelerates innovation in blockchain applications and crypto infrastructure.

The global cryptocurrency market segmentation:

1) By Component: Hardware, Software

2) By Type: Bitcoin, Ether, Litecoin, Ripple, Ether Classic, Others

3) By End-Use: Trading, E-commerce & Retail, Peer-to-Peer Payment, Remittance

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Regional Overview:
The report also examines the current concerns and their Future Effects on the cryptocurrency market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the cryptocurrency market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Binance, Coinbase Global, Inc., MicroStrategy, Inc., Marathon Digital Holdings, Riot Platforms, Inc., Core Scientific, Galaxy Digital Holdings, Ltd., Grayscale Investments, Crypto.com, Ethereum Foundation

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