Global Cryptocurrency Market to Grow at 9.7% During 2025-2033, Impelled by Increasing Popularity of Virtual Currencies

November 01, 2024 | BFSI

According to the latest report by IMARC Group, titled "Cryptocurrency Market Report by Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, and Others), Component (Hardware, Software), Process (Mining, Transaction), Application (Trading, Remittance, Payment, and Others), and Region 2025-2033," the global cryptocurrency market size reached USD 2,492.7 Billion in 2024. Cryptocurrency is a digital or virtual currencysecured by cryptography that is used as a medium of exchange. It aids in monitoring transactions and preventing counterfeiting, thereby rendering the currency immune to manipulation and government interference. It can be operated through decentralized networks that are based on blockchain technology and be distributed over computer networks that are connected to a virtual environment. Its utilization ensures enhanced safety and of the currency and quicker payments while eliminating the chances of identity theftas it involves the use of public or private keys that are connected directly to the user’s digital wallet.

Global Cryptocurrency Market Trends:

The global market is majorly driven by the rising preference for virtual currencies and convenient financial servicesamong the masses. The utilization of cryptocurrency offers increased adaptability, secured confidentiality and minimal country-to-country transaction fee, which is providing an impetus to the market growth. This is supported by the rapid digitization across numerous industries and the penetration of high-speed internet connectivity on the global level. Moreover, the legalization of purchase, sale or trade of virtual currencies in numerous developed countriesis creating a positive outlook for the market. Along with this, the continual integration of blockchain technology with cryptocurrencies for monitoring the changes being made in real-time during the transactions to reduce the risks of data manipulation andfraudulent or unwanted transactions is acting as a major growth-inducing factor. Some of the other factors contributing to the market growth include the increasing preference for contactless payments and the introduction of bitcoin cash and lite. Looking forward, the market value is projected to reach USD 6,293.2 Billion by 2033, expanding at a CAGR of 9.7% during 2025-2033.

Market Summary:

  • On the basis of the type, the market has been divided into bitcoin, ethereum, bitcoin cash, ripple, Litecoin, dashcoin and others.
  • Based on the component, the market has been bifurcated into hardware and software.
  • On the basis of the process, the market has been classified into mining and transaction.
  • Based on the application, the market has been categorized into trading, remittance, payment and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Advanced Micro Devices, Inc., AlphaPoint Corporation, Bitfury Holding B.V., Coinbase, Inc., CryptoMove, Inc., Intel Corporation, Microsoft Corporation, Quantstamp, Inc., and Ripple Services Inc.


Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Type, Component, Process, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advanced Micro Devices Inc., Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation, Microsoft Corporation, Quantstamp Inc. and Ripple Services Inc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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Global Cryptocurrency Market to Grow at 9.7% During 2025-2033, Impelled by Increasing Popularity of Virtual Currencies
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