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The global cryptocurrency exchange platform market dimensions are anticipated to reach USD 264.32 billion by 2030, growing at the CAGR of 27.8% from 2022 to 2030, as outlined by these studies conducted.

Ever rising awareness about cryptocurrencies as well as their advantages, like flexibility and security, is driving the industry’s growth. The strong increased exposure of secure and decentralized networks due to the emergence of blockchain technology also bodes well using the market growth. Several market players have committed to research and development activities introducing advanced innovative exchange platforms.

As an example, in July 2022, Billium, an exchange based in Dubai, announced the launch of the new-age platform to handle decentralized transactions much better and efficiently. It can be integrated with a copy trading function named ‘Billium Copy Trading’, that can allow novice users to adhere to the trades from the professionals.

The growing interest in cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to further improve their service offerings. For instance, in March 2021, Visa, Inc. announced to settle transactions in U.S. Dollar Coin (USDC) on Ethereum with cryptocurrency partners.

In March 2021, Visa, Inc. accepted its first settlement in USDC from its crypto wallet partner Crypto.com. Such developments are expected to propel industry growth within the forecast period.

The outbreak of the COVID-19 pandemic is anticipated to learn a decisive role in driving the market over the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies because the cryptocurrency segment is decentralized. Additionally, because it is not governed by any central authority, it eliminates the political influence during troubled times, including the pandemic.

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