Who are the distributors, traders and dealers of Cryptocurrency Market? – Fresno Observer

The global cryptocurrency market to gain from increasing Internet penetration worldwide. Recently Fortune Business Insights has announced a report titled, CryptocurrencyMarket Size, Share and Global Trend by Component (Software, Services), Process (Transaction, Mining), Type (Bitcoin, Etherum, Litecoin, Ripple, Dashcoin), End User, and Geography Forecast till 2025. As per the report North America was leading the global cryptocurrency market in 2017. The growth witnessed is attributable to high adoption of digital currency in the region. The trend is unlikely to change and North America may lead the global cryptocurrency market through the forecast period.

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The rising demand for online financial services in the region is likely to contribute the growth of the market in North America. Besides this, North America holds 27% participants, 39% of wallets, 18% transactions, and 19% of cryptocurrency paymen companies. This is a primary reason behind the high demand witnessed in the region. It also facilitates the higher adoption of cryptocurrency. The cryptocurrency market in Asia pacific is anticipated to expand at a relatively higher CAGR. The growth witnessed is attributable to increasing number of cryptocurrency transactions taking place in the region. Japan is known for major investments in cryptocurrency. Rising investments cryptocurrency have resulted in the formation of new laws for legalization of cryptocurrency under financial service agency. This is a major step taken by Japan and is expected to boost the Asia Pacific cryptocurrency market.

Market Landscape and Market Scenario Includes:

Europe is also amongst the leading regions in the global cryptocurrency market. The growth witnessed is attributable to high adoption of e-financial services in the region. Moreover, Germany issued a statement to consider cryptocurrency as private currency without any payable taxes, unless held for a year or more. Tax and other benefits from cryptocurrency is expected to fuel the demand for cryptocurrency and increase the number of owners globally.

Key Market Driver

Key Market Restraint

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/Cryptocurrency-market-100149

Adoption of e-wallets to Drive Market

Government initiated awareness programs regarding cryptocurrency in developing and undeveloped nations are anticipated to enable growth in the global cryptocurrency market, said a lead analyst at Fortune Business Insights.

Some of the chief factors expected to drive the global cryptocurrency market during the forecast period 2018-2025 are rising adoption of e-wallets and consumer shift towards online platforms. Additionally, cashback, promotional, and other offers on e-currency is a factor anticipated to fuel the demand in the global market.

On the contrary, requirement of a good network connection and high cost data tariff plans are a few factors that may hamper the growth in the global cryptocurrency market

Important Features that are under Offering and Key Highlights of the Market Report:

Top Players List:

Key Industry Developments

Queries Addressed In Cryptocurrency Market Report:

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Segmentation

1. By Components

2. By Process

3. By Type

4. By End User

5. By Geography

Key Features of Market Research Report:

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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Table of Content

5.Global Cryptocurrency Market Analysis, Insights and Forecast, 2020 2027

5.1.Key Findings / Summary

5.2.Market Size Estimates and Forecasts

5.2.1.By Component (Value)

5.2.1.1.Hardware

5.2.1.1.1.FPGA

5.2.1.1.2.ASIC

5.2.1.1.3.GPU

5.2.1.1.4.Others (Paper Wallet, Web Wallet, etc.)

5.2.1.2.Software

5.2.1.2.1.Mining Software

5.2.1.2.2.Exchanges Software

5.2.1.2.3.Wallet

5.2.1.2.4.Payment

5.2.1.2.5.Others (Vaults, Encryption, etc.)

5.2.2.By Type (Value)

5.2.2.1.Bitcoin

5.2.2.2.Ether

5.2.2.3.Litecoin

5.2.2.4.Ripple

5.2.2.5.Ether Classic

5.2.2.6.Others (Dogecoin, Moneor, Dash, etc.)

5.2.3.By End-use (Value)

5.2.3.1.Trading

5.2.3.2.E-commerce and Retail

5.2.3.3.Peer-to-Peer Payment

5.2.3.4.Remittance

5.2.4.By Region (Value)

5.2.4.1.North America

5.2.4.2.Europe

5.2.4.3.Asia Pacific

5.2.4.4.Middle East and Africa

5.2.4.5.Latin America

6.North America Cryptocurrency Market Analysis, Insights and Forecast, 2020 2027

6.1.Key Findings / Summary

6.2.Market Size Estimates and Forecasts

6.2.1.By Component (Value)

6.2.1.1.Hardware

6.2.1.1.1.FPGA

6.2.1.1.2.ASIC

6.2.1.1.3.GPU

6.2.1.1.4.Others (Paper Wallet, Web Wallet, etc.)

6.2.1.2.Software

6.2.1.2.1.Mining Software

6.2.1.2.2.Exchanges Software

6.2.1.2.3.Wallet

6.2.1.2.4.Payment

6.2.1.2.5.Others (Vaults, Encryption, etc.)

6.2.2.By Type (Value)

6.2.2.1.Bitcoin

6.2.2.2.Ether

6.2.2.3.Litecoin

6.2.2.4.Ripple

6.2.2.5.Ether Classic

6.2.2.6.Others (Dogecoin, Moneor, Dash, etc.)

6.2.3.By End-use (Value)

6.2.3.1.Trading

6.2.3.2.E-commerce and Retail

6.2.3.3.Peer-to-Peer Payment

6.2.3.4.Remittance

6.2.4.By Country (Value)

6.2.4.1.The U.S.

6.2.4.2.Canada

7.Europe Cryptocurrency Market Analysis, Insights and Forecast, 2020 2027

7.1.Key Findings / Summary

7.2.Market Size Estimates and Forecasts

7.2.1.By Component (Value)

7.2.1.1.Hardware

7.2.1.1.1.FPGA

7.2.1.1.2.ASIC

7.2.1.1.3.GPU

7.2.1.1.4.Others (Paper Wallet, Web Wallet, etc.)

7.2.1.2.Software

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Who are the distributors, traders and dealers of Cryptocurrency Market? - Fresno Observer