Crypto trading platforms are set for to see a skyrocketing growth in the next 10 years. According to a research analysis by Global Market Insights, the market value of cryptocurrency trading platforms worldwide is expected to surpass USD 84.8 billion by 2034.
The growth will likely come in tandem with the growth of crypto userbase, triggered by the wider adoption and use of digital assets in the coming years.
Crypto Trading Platforms To Make Use of Sophisticated Trading Tools
The main factor driving the increase in crypto trading platform market value is the growing use of sophisticated trading tools and Bitcoin derivatives as investors look for more effective ways to manage and hedge their digital assets in the rapidly changing cryptocurrency market.
Platforms that provide cutting-edge solutions catered to their individual trading requirements will likely attract both institutional and ordinary investors.
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Centralized Exchange to Dominate Crypto Platform Market
The report highlights that the market for cryptocurrency trading platforms is divided into three categories. These include, hybrid platforms, decentralized exchanges (DEX), and centralized exchanges (CEX).
With a 52% market share in 2024, centralized exchanges are predicted to rule the market and produce USD 41 billion by 2034. These platforms’ strong liquidity, which guarantees the smooth execution of big transactions with little price volatility, is the reason for their supremacy.
CEXs are particularly appealing to high-frequency traders and institutional investors due to their competitive bid-ask spreads and increased trading volumes.
North America to Dominate Market Valuation Race
By 2024, the North American crypto trading platform market is expected to account for 34% of the market, securing its place as a major force in the sector.
Because of its sophisticated payment infrastructure, well-established financial institutions, and varied investor base, the U.S. leads the region’s well-established financial ecosystem.
The acceptance of cryptocurrency platforms is increased by this solid base, which makes it possible for digital asset trading to be seamlessly integrated with conventional financial products.
The region is likely going to lead the race in 2034 as well.
Rise in Crypto Userbase To Underscore Market Value of Cryptocurrency Trading Platforms
By 2034, the cryptocurrency market is anticipated to develop significantly due to a rise in acceptance across industries.
This growth will likely support the rise in revenue and market participation for trading platforms.
With increased use in payments, DeFi, and NFTs, cryptocurrencies are expected to become more incorporated into everyday financial institutions as blockchain technology advances.
It is anticipated that institutional investors will become more significant, contributing to the market’s stability and liquidity. Furthermore, improvements in energy efficiency, privacy, and scalability will increase the accessibility of cryptocurrencies. Cryptocurrency may become a widely accepted asset class by 2034, transforming digital economies and finance everywhere.
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