TechSci Press Release

  Rising awareness among the investors about cryptocurrency is expected to drive the growth of Asia Pacific cryptocurrency market According to TechSci Research report,  “ Asia Pacific Cryptocurrency Market  By Offering (Hardware & Software), By Process (Mining & Transaction), By Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Market & Virtual Currency), By Country, Competition, Forecast & Opportunities, 2025 ” , Asia Pacific cryptocurrency market is expected to witness a formidable CAGR during the forecast period. Growing requirement for transparency  is one of the major factors accounting for the  growth of Asia Pacific cryptocurrency market. In context of cryptocurrency, once the data transaction’s information has been written on a blockchain, it enters in the distributed ledger and there can be no alterations, not even by the system administrator, thereby creates transparency...

Global cryptocurrency market is expected to grow at a CAGR of close to 7% during the forecast period. High growth in venture capital investment is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, transparency and immutability of the distributed ledger technology is positively impacting the growth of market during the forecast period. The global cryptocurrency market is segmented based on offering, process, type, end user, company, and region. Based on   type, the market can be categorized into bitcoin, etgereum, bitcoin cash, ripple, dashcoin, litecoin, and others. Out of which, the bitcoin type segment dominated the market in 2021 and is expected to grow at the highest CAGR during the forecast period which can be attributed to Bitcoin’s advantage of being the pioneer in the field and; moreover, it is accepted worldwide. Also, Ethereum witnessed significant growth until 2021 which can be accredited to the advantages offer...