The global cryptocurrency exchange platform market dimensions are anticipated to reach USD 264.32 billion by 2030, growing at the CAGR of 27.8% from 2022 to 2030, according to these studies conducted.

Increasing awareness about cryptocurrencies and their advantages, for example flexibility and security, is driving the industry’s growth. The strong concentrate on secure and decentralized networks due to the emergence of blockchain technology also bodes well together with the market growth. Several market players have committed to development and research activities to introduce advanced innovative exchange platforms.

As an illustration, in July 2022, Billium, an exchange located in Dubai, announced the launch of a new-age platform to carry out decentralized transactions more efficiently and efficiently. It’s integrated with a copy trading function named ‘Billium Copy Trading’, that will allow novice users to adhere to the trades of the professionals.

The growing rise in popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to enhance their service offerings. As an illustration, in March 2021, Visa, Inc. announced to transactions in U.S. Dollar Coin (USDC) on Ethereum with cryptocurrency partners.

In March 2021, Visa, Inc. accepted its first settlement in USDC from the crypto wallet partner Crypto.com. Such developments are expected to propel industry growth over the forecast period.

The outbreak of the COVID-19 pandemic is required to try out a decisive role in driving the over the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies as the cryptocurrency segment is decentralized. Moreover, as it is not governed by any central authority, it eliminates the political influence during troubled times, including the pandemic.

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