According to a recent study released by market research firm Allied Market Research, by 2030, the global cryptocurrency market will reach
4.94 billion US dollars, more than three times the size of 1.49 billion US dollars in 2020.
The compound annual growth rate from 2021 to 2030 is 12.8%.
The report states that the main reason driving the expansion of the cryptocurrency market is the increased demand for international remittances and the increased transparency of the global payment system. As of 2020, more than two-thirds of the size of the crypto industry comes from mining, and mining is expected to remain dominant by 2030. However, the report also states that the fastest growth will occur in trading.
Allied Market predicts that the Asia-Pacific crypto market will become the fastest growing region as more exchanges join the competition.
Another recent study on the crypto asset management market by the same company stated that the crypto market is expected to grow from $670 million in 2020 to $9.4 billion in 2030, with Asia Pacific being the region with the most significant growth, primarily Due to the large number of crypto mining companies, demand for asset management products and services is driven.
