The worldwide cryptocurrency exchange platform market sizing is supposed to reach USD 264.32 billion by 2030, growing at the CAGR of 27.8% from 2022 to 2030, based on this research conducted.

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

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

The growing interest in 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 settle 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 expected to propel industry growth on the forecast period.

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

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