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The world cryptocurrency exchange platform market dimension is likely to reach USD 264.32 billion by 2030, growing in a CAGR of 27.8% from 2022 to 2030, based on these studies conducted.

The rising awareness about cryptocurrencies as well as their advantages, for example flexibility and security, is driving the industry’s growth. The strong emphasis on secure and decentralized networks as a result of the emergence of blockchain technology also bodes well together with the market growth. Several market players have purchased development and research activities introducing advanced innovative exchange platforms.

As an example, in July 2022, Billium, an exchange based in Dubai, announced the launch of your new-age platform to execute decentralized transactions more efficiently and efficiently. It is integrated with a copy trading function named ‘Billium Copy Trading’, that will allow novice users to follow along with the trades from the professionals.

The growing rise in popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to 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 required to propel industry growth in the forecast period.

The outbreak with the COVID-19 pandemic is expected to play a decisive role in driving the industry on the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies because cryptocurrency segment is decentralized. Furthermore, as it’s not controlled by any central authority, it eliminates the political influence during troubled times, including the pandemic.

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