The Financial Stability Board and the International Monetary Fund are preparing to release a document urging worldwide cooperation on cryptocurrency policies during the upcoming G20 summit scheduled for this weekend.
The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
The authorization establishes Coinbase as the pioneering crypto-centric platform to provide regulated and leveraged cryptocurrency futures in conjunction with conventional spot trading.
The cryptocurrency market size is expected to grow from USD 1.6 billion in 2021 to USD 2.2 billion by 2026, at a CAGR of 7.1%. Transparency or distributed ledger technology and growth in venture capital investments are the key factors driving the growth of the cryptocurrency market.
The Cryptocurrency Market market is studied from 2016 - 2025. What is the growth rate of Cryptocurrency Market? The Cryptocurrency Market is growing at a CAGR of 60.2% over the next 5 years. Which region has highest growth rate in Cryptocurrency Market? North America is growing at the highest CAGR over 2021- 2026.
Europe dominates the market due to increasing investments in decentralized finance (Defi). The competitive landscape of the cryptocurrency market has been analyzed in the report, along with the detailed profiles of the leading players operating in the industry.
The market is primarily segmented on the basis of type, end-use, and region. The Bitcoin segment accounted for the largest share in the global cryptocurrency market. Bitcoin is the most adopted digital currency globally.
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