Cryptocurrency Market is projected to growat a CAGR of 32.2% during the forecasting period 2021-2027.


Technological advanced has catered a long way for developing the world of finance and making it a better place for investors. A cryptocurrency is a digital or virtual form of currency that is safeguarded by cryptography, which makes it nearly impossible to counterfeit or commit fraud. They are decentralized system and there is no third-party or central body or any governing body that interferes in processing new currency, demonstrating the transactions, and safeguarding the currency supply. This system of investment is not leaped by any rules or regulations of the government or exchange rates, interest rates, and country to country transaction fee, taxes which makes the transactions faster. The Cryptocurrency technology permits the users to send exactly what they want without involvement of third party or any government intervention. The future of the cryptocurrency market looks glowing with opportunities in the peer-to-peer payment, remittance, e-commerce and retail, and media & entertainment industries. The major growth drivers for this market are clarity in transaction and immutability of the diverse ledger system, increasing remittance in developing countries, fluctuating monetary regulations, and prominent increase in venture capital investments.

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The Cryptocurrency market report has been categorized as below
By Component
Hardware
FPGA
GPU
ASIC
Wallet
Others
Software
Mining Platform
Blockchain
Coin Wallet
By Type
Bitcoin
Ethereum
Ripple (XRP)
Litecoin
Dashcoin
Others
By End Users
Banking
Real Estate
Stock Market & Virtual Currency
By Region
North America
Europe
Asia Pacific
Rest of World
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