Global Crypto Trading Platforms Market Size and Shars to Generate A Revenue Of USD 675 Million By 2028 – Zion
Global Crypto Trading Platforms Market Size Analysis
Crypto Trading Platforms Market – Zion Market Research
The global crypto trading platforms market size was worth around USD 329.6 million in 2021 and a compound annual growth rate (CAGR) of 12.8% between 2022- 2028.
— Zion Market Research
SUITE N202, NEW YORK, UNITED STATES, December 14, 2022 /EINPresswire.com/ — The global crypto trading platforms market may register higher growth owing to these platforms receiving funds from leading fintech companies. In August 2021, PNC bank announced that it will be partnering with Coinbase which is a leading crypto trading platform. PNC is the fifth largest commercial bank in the USA and Coinbase is an American publicly traded company that facilitates cryptocurrency exchange and trade. Such partnerships are expected to aid the upcoming digital money-related platforms to penetrate deeper thus propelling global market share. A large section of the world’s population is now using cryptocurrencies and the number is expected to grow further in the coming years. Bitcoin, the world’s most famous cryptocurrency exchange platform has over 180 million users as of 2022. India has registered more than 15 million users in a short span of time. Nigeria, a developing economy boasts of 6.3% of its total population being registered as cryptocurrency users. These high numbers are indicative of the popularity of crypto trading platforms globally.
The ambiguity surrounding the understanding of cryptocurrency may impede the global market growth. The backing received from established firms is expected to provide growth opportunities in the global market. The security concerns related to digital money may create challenges for market growth. The global crypto trading platforms market is led by players like Bitstamp, FTX, Coinbase, eToro, AirSwap, BlockFi, and Binance.
