The world cryptocurrency exchange platform market dimension is anticipated to reach USD 264.32 billion by 2030, growing in a CAGR of 27.8% from 2022 to 2030, as outlined by these studies conducted.

The rising awareness about cryptocurrencies and their advantages, like 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 dedicated to research and development activities introducing advanced innovative exchange platforms.

For example, in July 2022, Billium, an exchange operating out of Dubai, announced the launch of a new-age platform to handle decentralized transactions better and efficiently. It really is integrated with a copy trading function named ‘Billium Copy Trading’, that may allow novice users to follow along with the trades in the professionals.

The growing interest in cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to boost their service offerings. As an example, in March 2021, Visa, Inc. announced to stay 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 required to propel industry growth on the forecast period.

The outbreak with the COVID-19 pandemic is expected to play a decisive role in driving the industry over the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies since the cryptocurrency segment is decentralized. Furthermore, because it is not controlled by any central authority, it eliminates the political influence during troubled times, like the pandemic.

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