Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 1.49 Billion |
| USD 2.52 Billion | |
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Global Cryptocurrency Banking Market, By Key Industry Sectors (Exchanges, Wallets, Payments, Mining), Services (Loan & Credits, Payments, Clearance & Settlement System, Fundraising, Securities, Trade Finance), Cryptocurrency (Bitcoin, Ether, Dash, Monero, Ripple, Litecoin, Others), Application (Trading, Payment, Remittance) – Industry Trends and Forecast to 2029.
The growing number of cryptocurrency users has a significant impact on the global cryptocurrency market. According to crypto.com, the total number of cryptocurrency users worldwide will reach 106 million in January 2021. (A supplier of crypto exchanges). The increased number of bitcoin exchange service providers, the adoption of DeFi, and the increasing acceptance of cryptocurrencies by financial institutions around the world are all factors contributing to the increase in cryptocurrency users.
Data Bridge Market Research analyses that the cryptocurrency banking market was valued at USD 1.49 billion in 2021 and is expected to reach the value of USD 2.52 billion by 2029, at a CAGR of 6.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario he market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Key Industry Sectors (Exchanges, Wallets, Payments, Mining), Services (Loan & Credits, Payments, Clearance & Settlement System, Fundraising, Securities, Trade Finance), Cryptocurrency (Bitcoin, Ether, Dash, Monero, Ripple, Litecoin, Others), Application (Trading, Payment, Remittance)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bitex International C.V. (U.S.), Coinbase (U.S.), CoolBitX (Japan), Xapo Holdings Limited. (Switzerland), Solidi Ltd (U.K.), Safello AB (Sweden), Digital Asset Services Ltd. (U.K.) BitMain Technologies Holding Company (China), Advanced Micro Devices, Inc (U.S.), Bitfury Group Limited. (Amsterdam)
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Market Opportunities
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Market Definition
Cryptocurrency is a digital asset that uses encryption to generate and transfer funds in the form of currency units without centralised administration. The system employs decentralized distributed ledger technology to establish standards and governance around fund transfers and other transactions. This banking system offers the user a low-cost and efficient payment method that eliminates the need for third-party verification and processing time.
Drivers
The ease of accessing and purchasing cryptocurrency is expected to drive market growth. To earn bitcoins, the customer only needs to download a wallet, add money, and scan with their phone. There are numerous ways to purchase the currency; for example, online exchanges such as coin base and Kraken offer such services. Various groups' increasing technological familiarity and efforts to make the general public familiar with new technology are expected to drive market growth.
One of the driving forces in the global cryptocurrency banking market is the initial coin offering, in which the company issues a token or cryptocurrency in exchange for the service provided. The cryptocurrency is expected to outperform the volatile local currency and geopolitical risks. In some cases, for example, doing business with developing countries has resulted in complexity, uncertainty, and untrustworthy transactions. The crypto currency is expected to provide a barrier against the risks of an unpredictable market.
Opportunity
Rising acceptance of cryptocurrencies in various industries and venture capital investments will provide additional opportunities for the growth of the cryptocurrency banking market during the forecast period.
Restraints
In the forecasted period, growing cases of fraud and I.T. security, as well as technical challenges, will act as market restraints for cryptocurrency banking.
This cryptocurrency banking market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cryptocurrency banking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The global economy suffered significantly as a result of the COVID-19 pandemic. As the virus spread, many businesses were forced to close, mostly small businesses, but large corporations were also affected. However, in the face of the virus's spread, cryptocurrencies such as Bitcoin, Ethereum, and others grew in popularity. In the midst of the pandemic, banks began investing in cryptocurrency exchange platforms for the first time. Banks began developing their own (blockchain-based) systems to enable B2B cryptocurrency payments.
The cryptocurrency banking market is segmented on the basis of key industry, services, cryptocurrency, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Key industry
Services
Cryptocurrency
Application
The cryptocurrency banking market is analysed and market size insights and trends are provided by country, key industry sectors, services, cryptocurrency, and application as referenced above.
The countries covered in the cryptocurrency banking market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the cryptocurrency banking market due to rising wallet usage by a growing population, while Asia-Pacific will grow in the forecast period of 2022-2029 due to technological advancements and the internet revolution, as well as the prevalence of market players.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The cryptocurrency banking market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cryptocurrency banking market.
Some of the major players operating in the cryptocurrency banking market are:
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL CRYPTOCURRENCY BANKING MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL CRYPTOCURRENCY BANKING MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMAPANY MARKET SHARE ANALYSIS
2.2.5 MULTIVARIATE MODELLING
2.2.6 TOP TO BOTTOM ANALYSIS
2.2.7 STANDARDS OF MEASUREMENT
2.2.8 VENDOR SHARE ANALYSIS
2.2.9 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.10 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL CRYPTOCURRENCY BANKING MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTERS FIVE FORCES
5.2 REGULATORY STANDARDS
5.3 TECHNOLOGICAL TRENDS
5.4 PATENT ANALYSIS
5.5 CASE STUDY
5.6 VALUE CHAIN ANALYSIS
5.7 COMPANY COMPARITIVE ANALYSIS
6 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY TYPE
6.1 OVERVIEW
6.2 BITCOIN
6.3 DASH
6.4 ETHER
6.5 RIPPLE
6.6 MONERO
6.7 LITECOIN
6.8 OTHERS
7 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY SERVICES
7.1 OVERVIEW
7.2 LOAN & CREDITS
7.3 MONEY TRANSFER
7.4 FUNDRAISING
7.5 SECURITIES
7.6 TRADING
7.7 CLEARANCE & SETTLEMENT
7.8 PAYMENTS
7.9 OTHERS
8 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 PAYMENTS
8.2.1 BITCOIN
8.2.2 DASH
8.2.3 ETHER
8.2.4 RIPPLE
8.2.5 MONERO
8.2.6 LITECOIN
8.2.7 OTHERS
8.3 TRADING
8.3.1 BITCOIN
8.3.2 DASH
8.3.3 ETHER
8.3.4 RIPPLE
8.3.5 MONERO
8.3.6 LITECOIN
8.3.7 OTHERS
8.4 REMITTANCE
8.4.1 BITCOIN
8.4.2 DASH
8.4.3 ETHER
8.4.4 RIPPLE
8.4.5 MONERO
8.4.6 LITECOIN
8.4.7 OTHERS
9 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY SECTOR
9.1 OVERVIEW
9.2 MINIG
9.3 WALLETS
9.4 PAYMENTS
9.5 EXCHANGES
10 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY END-USER
10.1 OVERVIEW
10.2 FINANCIAL INSTITUTES
10.2.1 LOAN & CREDITS
10.2.2 MONEY TRANSFER
10.2.3 FUNDRAISING
10.2.4 SECURITIES
10.2.5 TRADING
10.2.6 CLEARANCE & SETTLEMENT
10.2.7 PAYMENTS
10.2.8 OTHERS
10.3 NATIONALISE BANKS
10.3.1 LOAN & CREDITS
10.3.2 MONEY TRANSFER
10.3.3 FUNDRAISING
10.3.4 SECURITIES
10.3.5 TRADING
10.3.6 CLEARANCE & SETTLEMENT
10.3.7 PAYMENTS
10.3.8 OTHERS
10.4 INTERNATIONAL BANKS
10.4.1 LOAN & CREDITS
10.4.2 MONEY TRANSFER
10.4.3 FUNDRAISING
10.4.4 SECURITIES
10.4.5 TRADING
10.4.6 CLEARANCE & SETTLEMENT
10.4.7 PAYMENTS
10.4.8 OTHERS
10.5 OTHERS
10.5.1 LOAN & CREDITS
10.5.2 MONEY TRANSFER
10.5.3 FUNDRAISING
10.5.4 SECURITIES
10.5.5 TRADING
10.5.6 CLEARANCE & SETTLEMENT
10.5.7 PAYMENTS
10.5.8 OTHERS
11 GLOBAL CRYPTOCURRENCY BANKING MARKET, BY GEOGRAPHY
11.1 GLOBAL CRYPTOCURRENCY BANKING MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.1.1 NORTH AMERICA
11.1.1.1. U.S.
11.1.1.2. CANADA
11.1.1.3. MEXICO
11.1.2 EUROPE
11.1.2.1. GERMANY
11.1.2.2. FRANCE
11.1.2.3. U.K.
11.1.2.4. ITALY
11.1.2.5. SPAIN
11.1.2.6. RUSSIA
11.1.2.7. TURKEY
11.1.2.8. BELGIUM
11.1.2.9. NETHERLANDS
11.1.2.10. NORWAY
11.1.2.11. FINLAND
11.1.2.12. POLAND
11.1.2.13. DENMARK
11.1.2.14. SWEDEN
11.1.2.15. SWITZERLAND
11.1.2.16. REST OF EUROPE
11.1.3 ASIA PACIFIC
11.1.3.1. JAPAN
11.1.3.2. CHINA
11.1.3.3. SOUTH KOREA
11.1.3.4. INDIA
11.1.3.5. AUSTRALIA
11.1.3.6. NEW ZEALAND
11.1.3.7. SINGAPORE
11.1.3.8. THAILAND
11.1.3.9. MALAYSIA
11.1.3.10. INDONESIA
11.1.3.11. PHILIPPINES
11.1.3.12. TAIWAN
11.1.3.13. VIETNAM
11.1.3.14. REST OF ASIA PACIFIC
11.1.4 SOUTH AMERICA
11.1.4.1. BRAZIL
11.1.4.2. ARGENTINA
11.1.4.3. REST OF SOUTH AMERICA
11.1.5 MIDDLE EAST AND AFRICA
11.1.5.1. SOUTH AFRICA
11.1.5.2. EGYPT
11.1.5.3. SAUDI ARABIA
11.1.5.4. U.A.E
11.1.5.5. OMAN
11.1.5.6. BAHRAIN
11.1.5.7. KUWAIT
11.1.5.8. QATAR
11.1.5.9. ISRAEL
11.1.5.10. REST OF MIDDLE EAST AND AFRICA
11.1.6 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
12 GLOBAL CRYPTOCURRENCY BANKING MARKET,COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: EUROPE
12.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
12.5 MERGERS & ACQUISITIONS
12.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
12.7 EXPANSIONS
12.8 REGULATORY CHANGES
12.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 GLOBAL CRYPTOCURRENCY BANKING MARKET , SWOT & DBMR ANALYSIS
14 GLOBAL CRYPTOCURRENCY BANKING MARKET, COMPANY PROFILE
14.1 CB WORLDWIDE INC, (CRYPTO BANK)
14.1.1 COMPANY SNAPSHOT
14.1.2 REVENUE ANALYSIS
14.1.3 GEOGRAPHIC PRESENCE
14.1.4 PRODUCT PORTFOLIO
14.1.5 RECENT DEVELOPMENTS
14.2 OPENWARE INC
14.2.1 COMPANY SNAPSHOT
14.2.2 REVENUE ANALYSIS
14.2.3 GEOGRAPHIC PRESENCE
14.2.4 PRODUCT PORTFOLIO
14.2.5 RECENT DEVELOPMENTS
14.3 ANTIERSOLUTIONS
14.3.1 COMPANY SNAPSHOT
14.3.2 REVENUE ANALYSIS
14.3.3 GEOGRAPHIC PRESENCE
14.3.4 PRODUCT PORTFOLIO
14.3.5 RECENT DEVELOPMENTS
14.4 BINANCE (A PART OF BINANCE HOLDINGS LTD)
14.4.1 COMPANY SNAPSHOT
14.4.2 REVENUE ANALYSIS
14.4.3 GEOGRAPHIC PRESENCE
14.4.4 PRODUCT PORTFOLIO
14.4.5 RECENT DEVELOPMENTS
14.5 BITFURY GROUP LTD.
14.5.1 COMPANY SNAPSHOT
14.5.2 REVENUE ANALYSIS
14.5.3 GEOGRAPHIC PRESENCE
14.5.4 PRODUCT PORTFOLIO
14.5.5 RECENT DEVELOPMENTS
14.6 RIPPLE
14.6.1 COMPANY SNAPSHOT
14.6.2 REVENUE ANALYSIS
14.6.3 GEOGRAPHIC PRESENCE
14.6.4 PRODUCT PORTFOLIO
14.6.5 RECENT DEVELOPMENTS
14.7 BITMAIN TECHNOLOGIES (A PART OF BITMAIN TECHNOLOGIES HOLDING COMPANY)
14.7.1 COMPANY SNAPSHOT
14.7.2 REVENUE ANALYSIS
14.7.3 GEOGRAPHIC PRESENCE
14.7.4 PRODUCT PORTFOLIO
14.7.5 RECENT DEVELOPMENTS
14.8 BANKPOV (PARTNER WITH ROCKETPLACE)
14.8.1 COMPANY SNAPSHOT
14.8.2 REVENUE ANALYSIS
14.8.3 GEOGRAPHIC PRESENCE
14.8.4 PRODUCT PORTFOLIO
14.8.5 RECENT DEVELOPMENTS
14.9 ALLY FINANCIAL INC.
14.9.1 COMPANY SNAPSHOT
14.9.2 REVENUE ANALYSIS
14.9.3 GEOGRAPHIC PRESENCE
14.9.4 PRODUCT PORTFOLIO
14.9.5 RECENT DEVELOPMENTS
14.1 DIGITAL ASSET SERVICES LTD (TRADING AS COINCOVER)
14.10.1 COMPANY SNAPSHOT
14.10.2 REVENUE ANALYSIS
14.10.3 GEOGRAPHIC PRESENCE
14.10.4 PRODUCT PORTFOLIO
14.10.5 RECENT DEVELOPMENTS
14.11 AMERICAN EXPRESS (PARTNER WITH ABRA)
14.11.1 COMPANY SNAPSHOT
14.11.2 REVENUE ANALYSIS
14.11.3 GEOGRAPHIC PRESENCE
14.11.4 PRODUCT PORTFOLIO
14.11.5 RECENT DEVELOPMENTS
14.12 COINBASE
14.12.1 COMPANY SNAPSHOT
14.12.2 REVENUE ANALYSIS
14.12.3 GEOGRAPHIC PRESENCE
14.12.4 PRODUCT PORTFOLIO
14.12.5 RECENT DEVELOPMENTS
14.13 BITEX GLOBAL CO., LTD
14.13.1 COMPANY SNAPSHOT
14.13.2 REVENUE ANALYSIS
14.13.3 GEOGRAPHIC PRESENCE
14.13.4 PRODUCT PORTFOLIO
14.13.5 RECENT DEVELOPMENTS
14.14 XAPO HOLDINGS LIMITED
14.14.1 COMPANY SNAPSHOT
14.14.2 REVENUE ANALYSIS
14.14.3 GEOGRAPHIC PRESENCE
14.14.4 PRODUCT PORTFOLIO
14.14.5 RECENT DEVELOPMENTS
14.15 COOLBITX
14.15.1 COMPANY SNAPSHOT
14.15.2 REVENUE ANALYSIS
14.15.3 GEOGRAPHIC PRESENCE
14.15.4 PRODUCT PORTFOLIO
14.15.5 RECENT DEVELOPMENTS
14.16 SOLIDI LIMITED
14.16.1 COMPANY SNAPSHOT
14.16.2 REVENUE ANALYSIS
14.16.3 GEOGRAPHIC PRESENCE
14.16.4 PRODUCT PORTFOLIO
14.16.5 RECENT DEVELOPMENTS
14.17 SAFELLO AB
14.17.1 COMPANY SNAPSHOT
14.17.2 REVENUE ANALYSIS
14.17.3 GEOGRAPHIC PRESENCE
14.17.4 PRODUCT PORTFOLIO
14.17.5 RECENT DEVELOPMENTS
14.18 GEMINI SPACE STATION, LLC
14.18.1 COMPANY SNAPSHOT
14.18.2 REVENUE ANALYSIS
14.18.3 GEOGRAPHIC PRESENCE
14.18.4 PRODUCT PORTFOLIO
14.18.5 RECENT DEVELOPMENTS
14.19 NICEHASH LTD.
14.19.1 COMPANY SNAPSHOT
14.19.2 REVENUE ANALYSIS
14.19.3 GEOGRAPHIC PRESENCE
14.19.4 PRODUCT PORTFOLIO
14.19.5 RECENT DEVELOPMENTS
14.2 KRIPTOMAT
14.20.1 COMPANY SNAPSHOT
14.20.2 REVENUE ANALYSIS
14.20.3 GEOGRAPHIC PRESENCE
14.20.4 PRODUCT PORTFOLIO
14.20.5 RECENT DEVELOPMENTS
14.21 GOLDMAN SACHS
14.21.1 COMPANY SNAPSHOT
14.21.2 REVENUE ANALYSIS
14.21.3 GEOGRAPHIC PRESENCE
14.21.4 PRODUCT PORTFOLIO
14.21.5 RECENT DEVELOPMENTS
14.22 REVOLUT LTD
14.22.1 COMPANY SNAPSHOT
14.22.2 REVENUE ANALYSIS
14.22.3 GEOGRAPHIC PRESENCE
14.22.4 PRODUCT PORTFOLIO
14.22.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
15 CONCLUSION
16 RELATED REPORTS
17 ABOUT DATA BRIDGE MARKET RESEARCH
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