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    The worldwide cryptocurrency exchange platform market dimension is expected to reach USD 264.32 billion by 2030, growing in a CAGR of 27.8% from 2022 to 2030, in accordance with this study conducted.

    Increasing awareness about cryptocurrencies and their advantages, including 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 with all the market growth. Several market players have invested in research and development activities introducing advanced innovative exchange platforms.

    As an illustration, in July 2022, Billium, an exchange situated in Dubai, announced the launch of your new-age platform to execute decentralized transactions much better and efficiently. It really 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 boost their service offerings. For example, 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 on the forecast period.

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

    More details about Cryptocurrency Exchange see our webpage