The bitcoin technology market is anticipated to grow at a lucrative growth during the forecast period. Significant advantages over the conventional banking system are expected to provide growth to the market during the forecast period. Bitcoin technology market is growing owing to the fact that the use of bitcoin will reduce the inflation treats to almost zero. The transaction done using bitcoin costs no additional charges, hence profiting both the seller and the buyers. In addition to this, the low transaction fees of bitcoins will also benefit the SME’s with a limited budget. Moreover, significant funding to the bitcoin start-ups is also fuelling the market growth.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/bitcoin-technology-market
Restriction by the government of various economies on the cryptocurrency is a major restraining factor for the bitcoin technology market. As of July 2020, Bitcoin is illegal in Algeria, Egypt, Morocco, Bolivia, Ecuador, Nepal, and Pakistan. Moreover, several countries have banned banking related to cryptocurrency which includes several major economies such as China, Canada, Russia, Saudi Arabia, and Taiwan. Moreover, the mining of bitcoin has adversely affected the environment. In 2018, as per the study of the Technical University of Munich, bitcoin has emitted over 22 MT of carbon dioxide which is more than the total emissions of several cities such as Vienna and Las Vegas. It is a key challenge for the bitcoin technology industry witnessing to the upcoming climate change in the near future.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/bitcoin-technology-market
Market Segmentation
Global Bitcoin Technology Market by Services
• Exchanges
• Remittance Services
• Payment & Wallet
Global Bitcoin Technology Market by End-user
• BFSI
• E-Commerce
• Media & Entertainment
• Hospitality
• Other
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Binance
• Bitfinex (iFinex Inc.)
• BitGo Inc.
• BitMain Technologies Holding Co.
• BitMEX (HDR Global Trading Ltd.)
• BitPay Inc.
• BitPesa (BTC Africa S.A)
• Bitstamp Ltd.
• Bittrex International GmbH
• Bitwala GmbH
• BlockCypher, Inc.
• Blockstream Corp. Inc.
• BuyUcoin (iBlock Technologies Private Ltd.)
• Coinbase UK, Ltd.
• Gemini Trust Co., LLC.
• GoCoin Pte. Ltd.
• Huobi Global Ltd.
• Kraken (Payward, Inc.)
• Luno Pte. Ltd.
• Unocoin Technologies Pvt. Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bitcoin-technology-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404