The report titled “Crypto Currency Banking Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global crypto currency banking market in terms of market segmentation by services, by key industry sectors, by crypto currency, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global crypto currency banking market is segmented by services, by key industry sectors, by crypto currency, by end user and by region. On the basis of key industry sector, the market is further segmented into wallets, exchanges, payments and mining. On the basis of services, the market is segmented into loans & credits, payments, clearance and setting systems, fundraising, securities and trade finance. On the basis of crypto currency, the market is segmented into bitcoin, ether, dash, monero, ripple, litecoin and others. On the basis of application, the market is further segmented into trading, payment and remittance.
The global crypto currency banking market is anticipated to record a significant growth over the forecast period i.e. 2019-2027 owing to increasing adoption of crypto currency for transactions. The exchanges segment is anticipated to have leading shares on the account of their function to provide liquidity, market place for trading and price discovery coupled with their service of selling and buying crypto currencies and digital assets from national currencies and other crypto currencies. The wallets segment is anticipated to witness significant growth during the forecast period on the back of the ability to securely send, receive and store the crypto currency by using cryptographic keys management. The bitcoin segment is estimated to have leading market shares during the forecast period. Dash and Monero combined are expected to witness significant market growth on the back of attacks on etherum ecosystem. Bitcoin is supported by wallets, exchanges and payment services resulting in major market share.
The market in Asia-Pacific is anticipated to have leading share over the forecast period owing to most of the players present in the region coupled with the technical development and internet revolution going on in the region. The market in Europe is expected to witness significant growth on the back of numerous technological advances in the region coupled with the growing number of wallets being used.
The ease of access and buying crypto currency coupled with increasing technological familiarity are expected to drive the market growth. Additionally, the initial coin offering is one of the driving forces for global crypto currency banking market in which the company issues a token or crypto currency against the service provided. However, recent cases of fraud and IT security coupled with the high cost and the regulatory compliance system are expected to act as key restraints in the growth of global crypto currency banking market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global crypto currency banking market which includes company profiling of BiTex, Armory, Coinbase, Coolbitx, Xapo, Solidi, Safello, Volabit and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crypto currency banking market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.