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The "Cryptocurrency Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global cryptocurrency market reached a value of US$ 364.5 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 60.8% during 2021-2026.
Companies Mentioned
- Advanced Micro Devices Inc.
- Alphapoint Corporation
- Bitfury Holding B.V.
- Coinbase Inc.
- Cryptomove Inc.
- Intel Corporation
- Microsoft Corporation
- Quantstamp Inc.
- Ripple Labs Inc.
- Xilinx Inc.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Cryptocurrency refers to digital or virtual money secured by cryptography to monitor transactions and prevent counterfeit. It does not have a physical representation and is distributed over a vast network of computers connected to a virtual environment. It operates through decentralized networks that are based on the blockchain technology. The transfers are secured through public or private keys and are connected directly to the user's digital wallet. In contrast to the traditionally used currency, it is not issued by a centralized authority and has minimal interference or manipulation from the government. It also offers various advantages, such as enhanced portability, divisibility, inflation resistance and transparency.
Increasing digitization across industries represents one of the key factors driving the growth of the market. In …
Full story available on Benzinga.com
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