26 May Cryptocurrency Market to Reach USD 1,758.0 Million by 2027; Modifications in Virtual Currency Methods to Spur Business Opportunities, states…
Pune, May 26, 2020 (GLOBE NEWSWIRE) — The global cryptocurrency market size is predicted to reach USD 1,758.0 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. The growing inclination of individuals in developed countries towards virtual currency exchange methods will have a tremendous impact on the market during the forecast period. The integration of blockchain technology in cryptocurrency for fast, secure and effective transactions will bolster healthy growth of the market in the forthcoming years, mentioned in a report, titled “Cryptocurrency Market Size, Share and COVID-19 Impact Analysis, By Component (Hardware, Software), By Type (Bitcoin, Ether, Litecoin, Ripple, Ether Classic, Others), By End-use (Trading, E-commerce and Retail, Peer-to-Peer Payment, and Remittance), and Regional Forecast, 2020 – 2027 ”, the market size stood at USD 754.0 million in 2019.