Cryptocurrency Market Report 2025

The cryptocurrency market size has grown rapidly in recent years. It will grow from $2.48 billion in 2024 to $2.87 billion in 2025 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to early adoption and enthusiasm, market speculation, global financial uncertainty, regulatory developments, initial coin offerings (ICOs).

The cryptocurrency market size is expected to see rapid growth in the next few years. It will grow to $5.43 billion in 2029 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to institutional adoption, global acceptance, decentralized finance (DeFi), government and regulatory clarity, increased tokenization. Major trends in the forecast period include technological upgrades, blockchain technology development, technological advancements, rise of central bank digital currencies, NFTs (non-fungible tokens) boom.

The increasing demand for alternative investments is anticipated to boost the growth of the cryptocurrency market in the coming years. Alternative investments are assets that fall outside traditional categories such as stocks, bonds, and cash. This includes real estate, private equity, hedge funds, commodities, and collectibles, which are often sought for their ability to diversify portfolios, generate higher returns, and mitigate exposure to public market volatility. The rising interest in alternative investments stems from the need for portfolio diversification, the potential for higher returns, and protection against market volatility and inflation associated with traditional asset classes. Cryptocurrencies are considered alternative investments due to their potential for high returns, diversification benefits, and capacity to act as a hedge against fluctuations in traditional financial markets. For example, in February 2023, ETC Group, a UK-based financial services company, reported that sales of non-fungible tokens (NFTs) on major blockchains approached nearly $1 billion in January 2023, reflecting an average increase of 33.83% across the top 12 chains. Thus, the growing demand for alternative investments is driving the expansion of the cryptocurrency market.

The growing adoption of cryptocurrency is expected to drive the growth of the cryptocurrency market in the coming years. This adoption refers to the increasing acceptance and integration of digital currencies like Bitcoin and Ethereum by individuals, businesses, and institutions for various uses. The cryptocurrency market supports this adoption by providing platforms for buying, selling, and trading digital currencies, making them more accessible and attractive to a wider audience. For example, in June 2023, a report from the Financial Conduct Authority, a UK-based financial regulatory body, revealed that in a survey of 2,337 UK adults, 91% were aware of crypto assets in August 2022, up from 78% in 2021. Moreover, 9% of adults - approximately 4.97 million - owned crypto assets, a significant increase from 2.3 million or 4.4% in 2021. Thus, the increasing adoption of cryptocurrency is driving the expansion of the cryptocurrency market.

Major companies in the cryptocurrency market are focusing on enhancing user interfaces, such as ergonomic touchscreens in crypto ATMs, to improve the customer experience by making transactions more intuitive and efficient. An ergonomic touchscreen in a crypto ATM is designed to minimize strain and facilitate easier interaction, ensuring a more comfortable and efficient transaction process. For example, in February 2022, General Bytes, a US-based provider of Bitcoin and crypto ATM manufacturing and software solutions, launched an upgraded version of its popular BATMTwo ATM model, featuring a permanent enhancement from a 7-inch to a 10-inch touchscreen. This new ergonomic display offers ATM operators greater branding opportunities with customizable screensavers and improved accessibility for users with vision impairments. Furthermore, the larger screen size provides a wider viewing angle, ensuring optimal usability even in challenging lighting conditions.

Prominent companies within the cryptocurrency market are strategically joining forces to fortify their positions. These collaborations are pivotal in propelling the industry forward, fostering innovation, broadening accessibility, and instilling trust. Notably, in September 2023, RedotPay, a Hong Kong-based Web3 payment solution provider, and Beosin Co. Ltd., a Singapore-based blockchain security company, forged a strategic partnership. This partnership's primary objective is to enhance RedotPay's cryptocurrency payment platform by bolstering real-time blockchain transaction monitoring and assessment capabilities. The collaboration centers on preemptively identifying and mitigating risks associated with cryptocurrency payments, ensuring strict compliance with regulatory standards set for Virtual Asset Service Providers (VASPs).

In October 2024, Stripe Inc., a US-based financial services and software company, acquired Bridge for $1.1 billion. This acquisition is intended to bolster Stripe’s presence in the cryptocurrency and stablecoin payment ecosystem, enabling the company to improve its support for stablecoin transactions and expand its global payment solutions. Bridge is a US-based fintech startup that specializes in facilitating global money transfers using stablecoins.

Major companies operating in the cryptocurrency market include Federal Reserve Bank of Boston, Intel Corporation, BitGo Inc., Bitstamp Limited, Nvidia Corporation, Fidelity Investments Inc., Advanced Micro Devices Inc., Binance Holdings Limited, Coincheck Inc., Coinbase Global Inc., VeChain Foundation, Chainlink Labs Inc., Bitpanda GmbH, BTL Group Ltd., DYdX Trading LLC, Ripple Labs Inc., Bitmain Technologies Ltd., Bitso S.A. de C.V., Ledger SAS, BitFury Group Limited, Hiro Systems Inc., Aptos Labs Inc., Bitwise Asset Management LLC, Cellframe Network Inc., Kava Labs Inc., Ethereum Foundation, Holochain Inc., Xapo Inc., Brokoli Network Inc., CoinDesk Inc., Hivemind Capital Partners LLC, Xilinx Inc.

Asia-Pacific was the largest region in the cryptocurrency market in 2024. The regions covered in the cryptocurrency market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cryptocurrency market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cryptocurrencies are digital currencies secured by encryption and built on decentralized networks such as blockchain, operating independently of central authorities.

Cryptocurrencies come in various types such as bitcoin, ethereum, bitcoin cash, ripple, dash coin, litecoin, and numerous others. Bitcoin, for example, operates as a digital currency utilizing peer-to-peer technology to enable instantaneous payments. Processes within the cryptocurrency sphere involve mining, transactions, and offerings, encompassing both hardware and software aspects. These digital currencies find application in trading, retail and e-commerce, banking, and various other sectors.

The cryptocurrency market research report is one of a series of new reports that provides cryptocurrency market statistics, including cryptocurrency industry global market size, regional shares, competitors with a cryptocurrency market share, detailed cryptocurrency market segments, market trends and opportunities, and any further data you may need to thrive in the cryptocurrency industry. This cryptocurrency market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cryptocurrency market consists of sales of tether, USD coin, BNB, binance USD, XRP, dogecoin, cardano and polygon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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