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

The increasing awareness about cryptocurrencies as well as their advantages, including flexibility and security, is driving the industry’s growth. The strong increased exposure of secure and decentralized networks because of the emergence of blockchain technology also bodes well with all the market growth. Several market players have dedicated to research and development activities flying insects advanced innovative exchange platforms.

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

The growing popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to enhance their service offerings. For example, 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 its crypto wallet partner Crypto.com. Such developments are required to propel industry growth within the forecast period.

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

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