The Cryptocurrency Global Market Report 2023 by The Business Research Company, provides cryptocurrency market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Cryptocurrency Global Market Report 2023, the global cryptocurrency market size will grow from $1.86 billion in 2022 to $2.13 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global cryptocurrency is expected to grow to $3.78 billion in 2027 at a CAGR of 15.4%.

Transparency in financial payment is expected to propel the growth of the cryptocurrency market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, that means it is not controlled by one central source. The centralized systems and human gatekeepers limit the speed and sophistication of transactions while reducing users' direct control over their money. There are no middlemen in digital currency transactions and consumers have the authority to stop or pause transactions and record them in their private ledger.

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The cryptocurrency market is segmented:

1) Cryptocurrency Market By Type: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Other Types

2) Cryptocurrency Market By Process: Mining, Transaction

3) Cryptocurrency Market By Offering: Hardware, Software

4) Cryptocurrency Market By End User: Trading, Retail And E-commerce, Banking, Other End Users

Stable coins are gaining significant popularity in the cryptocurrency market. Stable coins are cryptocurrencies that are linked to a physical asset, such as government-issued currency or a commodity to reduce cryptocurrency fluctuation. For instance, in 2020, the circulation volume of stable coins increased by 500%. Additionally, in March 2021, Techemynt, an India-based financial service provider, introduced stable coins supported by the New Zealand dollar to combine the flexibility of cryptocurrency with the stability of the New Zealand dollar.

The cryptocurrency market report table of contents includes:

1. Executive Summary

2. Cryptocurrency Market Characteristics

3. Cryptocurrency Market Trends And Strategies

4. Cryptocurrency Market – Macro Economic Scenario

5. Cryptocurrency Market Size And Growth

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26. Africa Cryptocurrency Market

27. Cryptocurrency Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Cryptocurrency Market

29. Cryptocurrency Market Future Outlook and Potential Analysis

30. Appendix

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