Europe Cryptocurrency Market to Be Fueled by Trading as an Investment Option
The growing acceptance
for cryptocurrency as a payment option, rising awareness among consumers and
government regulations in favor of cryptocurrency is driving the growth of
Europe cryptocurrency market.
According to
TechSci Research report, “Europe Cryptocurrency Market –By Country,
Competition, Forecast & Opportunities, 2018-2028” The Europe cryptocurrency
market is witnessing high demand owing to the rising awareness among consumers
regarding the benefits associated with cryptocurrency and growing acceptance of
cryptocurrency as a payment option.
Government laws
are one of the key factors influencing the cryptocurrency sector in Europe.
Since there is little regulation surrounding cryptocurrencies, investors have
an enormous amount of uncertainty. However, a number of European nations have
moved to regulate cryptocurrencies in recent years.
Similar to this,
other European nations have put their own laws into effect. For instance,
cryptocurrencies are now regarded as financial instruments in Germany and are
governed by the same laws as conventional financial goods. As a result, Bitcoin
has become a more appealing investment alternative in the sights of investors.
The overall
economic situation in Europe is one of the elements influencing investor mood.
Investors are more inclined to be upbeat about the future of cryptocurrencies
when the economy is performing well. This is so that they can diversify their
investment portfolio and perhaps generate larger profits. In contrast, when the
economy is having trouble, investors might be less willing to put money into
cryptocurrencies. This is due to the possibility that they view it as a riskier
investment choice and would rather put their money into more conventional
assets such as equities and bonds.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Europe Cryptocurrency Market”
The
cryptocurrency market in Europe is also being driven by technological
breakthroughs. Blockchain, the underlying technology that powers
cryptocurrencies, has the power to fundamentally alter several sectors of the
economy, including finance, healthcare, and logistics. The demand for
cryptocurrencies is projected to rise as more businesses start to use
blockchain technology. This is due to the fact that many blockchain-based apps
require cryptocurrencies, which act as the system's internal currency.
Additionally,
technical developments have simplified the purchase and trade of
cryptocurrencies for investors. Nowadays, a lot of exchanges have user-friendly
platforms that make trading cryptocurrencies simple even for new investors. As
a result, cryptocurrency is now more appealing and approachable to a wider
audience.
Europe
Cryptocurrency Market is segmented based on type, end user, and country. Based
on type, the market is further divided into Bitcoin, Ethereum, Tether, Binance
Coin, USD Coin, Cardano and others which include Dogecoin, Polycon, XRP, etc.
Based on end user, the market is further split into trading, retail &
e-commerce, peer-to-peer payment, and remittance. Based on country, the market
is segmented into United Kingdom, Germany, France, Austria, Slovakia,
Netherlands, Czech Republic, Portugal, Bulgaria and Belgium.
Based on end user,
the trading segment is significantly driving the market growth of Europe
cryptocurrency market owing to various reasons such as cryptocurrency being a
safe and versatile investment option as the cryptocurrency trading is protected
by blockchain technology. Moreover, the use of cryptocurrency as remittance is
further catering the market growth.
Bitcoin, the
first cryptocurrency asset, was developed in 2008 and made available in January
2009. Owing to its usage of peer-to-peer cash protocols, which distinguishes it
from other groups of currencies that are controlled by a single entity, such as
the central bank, Bitcoin is growing in popularity and trust. As a result, both
the asset's market value and user base have continuously expanded since its
launch up until the present. Beyond Bitcoin itself, the innovation represented
by its technology adds to the respect that Bitcoin enjoys in the cryptocurrency
community.
Key market
players in the Europe cryptocurrency market include:
- eToro (Europe) Ltd.
- Foris DAX MT Limited
(Crypto.com)
- ZenGo Ltd.
- Naumard Ltd. (YOUHODLER)
- Simply Digital
Technologies Inc. (CoinsSmart)
- Binance Holdings Ltd
(Binance)
- Coinbase Global,
Inc. (Coinbase)
- Liquidity
Technologies Limited (CoinFlex)
- Mek Global Limited
(KuCoin)
- HDR Global Trading
Limited (BitMEX)
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“The
cryptocurrency market in Europe is witnessing high demand owing to the rising
awareness among consumers regarding cryptocurrency. Moreover, the
cryptocurrency as an investment option and the technological advancement such
as block chain makes the cryptocurrency payment much safer and fast, which is
further contributing to the market growth of cryptocurrency in Europe,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Europe Cryptocurrency Market, By Type (Bitcoin,
Ethereum, Tether, Binance Coin, USD Coin, Cardano, Others (Dogecoin, Polycon,
XRP, etc.)), By End User (Trading, Retail & e-commerce, Peer-to-Peer
Payment, Remittance) By Country, Competition, Forecast & Opportunities,
2018-2028F”, has evaluated the future growth
potential of cryptocurrency in Europe and provides statistics and information
on market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Europe cryptocurrency market.
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