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DUBLIN – (BUSINESS WIRE) – November 19, 2020–
The report “Cryptocurrency Market – Growth, Trends and Forecasts (2020 – 2025)” has been added to the ResearchAndMarkets.com offering.
Cryptocurrencies designed to be used for peer-to-peer transactions without being accountable to any government or central bank are the latest financial innovations explored not only for the reasons of their being, but also for potential risks and opportunities in the financial sector.
There are thousands of cryptocurrencies with various design goals. These design goals are to provide a digital currency alternative to cash (Bitcoin, Monero and Bitcoin cash), to support low-cost payment systems (Ripple, Particl and Utility Settlement Coin), to support peer-to-market trading. peer creating tokens (RMG and Maecanas), to facilitate secure access to a good or service in peer-to-peer trading (Golem, Filecoin) and to support the underlying platform or protocol (Ether and NEO). These mentioned design goals will not be exhaustive as new cryptocurrencies are created every week. Blockchain is the technology behind most cryptocurrencies.
The cryptocurrency market is segmented based on the market capitalization of a large number of cryptocurrencies. Cryptocurrencies overlap key areas of the monetary and financial system. Given their rapid growth, complexity, high volatility and potential to facilitate illegal activity, regulators and policy makers around the world are concerned about their inclusion in the existing system and reviewing existing systems to adapt, if included.
Companies mentioned
- Coin product developers
- Mining services
- Cloud for Bitcoin
- Cryptocurrency Exchanges
- Portfolio company
- Payment and trading solution providers
Main market trends
Notes on the volatility in the market capitalization of cryptocurrencies
The evolving nature of this market with new cryptocurrencies created every week makes it difficult to know how big the cryptocurrency market is. A wide range of market exchanges for cryptocurrency trading, spread around the world for their privacy protection features as well as rapid growth, extreme price volatility and market illiquidity add to the complexity of the cryptocurrency market. The market capitalization of cryptocurrencies over the years shows how high the market price volatility is.
The estimated market capitalization of the cryptocurrency, for example, during the month of January 2018 ranged between USD 400 billion and USD 800 billion, which was at USD 566 billion at the beginning of the year 2018 and eventually settled at 128 billion USD by the end of 2018. In terms of transaction volumes, bitcoin alone recorded the highest number of 200,000 average daily transactions.
Adoption of Blockchain technology on the rise at a rapid pace
Business adoption of blockchain technology has quietly reached a tipping point in multiple use cases. Companies that have recognized the value from their initial pilot projects are now moving towards turning these projects into production. Specifically, there is still uncertainty about this technology in the areas of regulation and governance, but the adoption of blockchain for financial services, identity, commerce and other markets is on the rise.
Global blockchain spending will be led by the banking sector, followed by discrete manufacturing and process manufacturing with a combined market share of around 50% of the overall spend. In the banking sector, spending will be driven by two of the largest use cases: cross-border payments and settlements and commercial finance and post-trade deals.
Key topics covered:
1. INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET AND DYNAMICS INSIGHTS
4.1 Market overview
4.1.1 Brief description of the structure and technological aspects of cryptocurrencies
4.1.2 Price volatility of the cryptocurrency market
4.1.3 Market capitalization of the main cryptocurrencies
4.1.4 Reasons for cryptocurrency mining areas around the world
4.2 Top concerns for cryptocurrency policy makers
4.2.1 Effects of the cryptocurrency market on efficiency and economic growth
4.2.2 Impact on financial stability due to the adoption of cryptocurrency
4.2.3 Effects on monetary policy due to the adoption of cryptocurrency
4.2.4 Effects on fiscal policy due to the adoption of cryptocurrency
4.2.5 Likely ways of taxing the cryptocurrency market
4.2.6 Cons of cryptocurrency adoption in the financial ecosystem
4.2.7 Tools available to policy makers to counter the cons of cryptocurrency adoption
4.3 A brief overview of the investment prospects in the cryptocurrency market
4.4 Latest developments in the cryptocurrency market
4.5 Market Driver
4.6 Market Restrictions
5 SEGMENTATION AND MARKET ANALYSIS
5.1 Geography
5.1.1 Americas (United States, Canada, Latin America and the Caribbean)
5.1.2 Europe
5.1.3 United Kingdom
5.1.4 Asia-Pacific
5.1.5 Middle East and Africa
5.2 By design objectives
5.2.1 Digital Cash Coins
5.2.2 Payment infrastructure tokens
5.2.3 Securities tokens
5.2.4 Utility tokens
5.2.5 General Platform Tokens
5.2.6 Others
5.3 By market capitalization
5.3.1 Bitcoin
5.3.2 Ethereum
5.3.3 Ripple
5.3.4 Bitcoin Cash
5.3.5 Cardano
5.3.6 Others
6 COMPETITIVE LANDSCAPE
6.1 Overview (market concentration and major players)
6.2 Mergers and Acquisitions
6.3 Business segments and profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, please visit https://www.researchandmarkets.com/r/91nl8f
View source version on businesswire.com:https://www.businesswire.com/news/home/20201119006034/en/
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SOURCE: Research and markets
Copyright Business Wire 2020.
PUB: 19/11/2020 11:45 / DISCO: 19/11/2020 11:45
http://www.businesswire.com/news/home/20201119006034/en
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