The world cryptocurrency exchange platform market size is likely to reach USD 264.32 billion by 2030, growing in a CAGR of 27.8% from 2022 to 2030, according to this study conducted.

The increasing awareness about cryptocurrencies along with their advantages, like flexibility and security, is driving the industry’s growth. The strong concentrate on secure and decentralized networks as a result of the emergence of blockchain technology also bodes well together with the market growth. Several market players have dedicated to research and development activities flying insects advanced innovative exchange platforms.

For example, in July 2022, Billium, an exchange based in Dubai, announced the launch of the new-age platform to execute decentralized transactions more effectively and efficiently. It really is integrated using a copy trading function named ‘Billium Copy Trading’, that can allow novice users to adhere to the trades from the professionals.

The growing availability of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to further improve their service offerings. As an illustration, 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 within the forecast period.

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

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