Digital Currency Market Report 2025 (Global Edition)

Global Digital Currency Market Report 2025 Market Size Split by Type (Bitcoin Digital Currency , Ethereum Digital Currency , Bitcoin Cash Digital Currency , Ripple Digital Currency , Litecoin Digi...

Digital Currency Market Report Description

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Competitive Landscape of the Digital Currency Market

The market for digital currencies might be classified as quite fragmented, with notable companies present. It is difficult for new companies to enter the market because market leaders are pushing the rivalry in the industry by pursuing many tactics meant for long-term sustenance. In addition, these businesses pursue joint ventures, high R&D emphasis, product developments, global expansions, and strategic alliance agreements. In order to broaden their product offerings, major players are also looking for strategic alliances and partnerships.

Digital Currency Industry News 

June 2021: Credit unions and 650 banks can now acquire cryptocurrency thanks to a partnership between NYDIG, a digital asset management company, and NCR Corporation. The initiative is in reaction to demand from NCR banking customers who have been using third-party exchanges to buy digital currency.

(Source: https://www.nasdaq.com/articles/nydig-ncr-to-bring-crypto-purchases-to-650-banks:-report-2021-06-30)

March 2021: To enable the use of digital currency as a form of payment, Visa Inc. implemented new payment mechanisms. This new service is intended for use with the Ethereum Blockchain's digital payment mechanism.

(Source: https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html)

Top Companies Market Share in Digital Currency Industry: (In no particular order of Rank)

• Bitmain Technologies Ltd. (Beijing China)
• Xilinx Inc. (California U.S.)
• BitGo (California
• U.S.)
• Nvidia Corporation (California U.S.)
• Intel Corporation (California U.S.)
• Ripple Labs Inc. (California U.S.)
• Bitfury Group Limited. (Amsterdam U.K.)
• Advanced Micro Devices Inc. (California U.S.)
• Ledger SAS (Paris France)
• Xapo (Zürich Switzerland)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Digital Currency

Which Region Dominates the Digital Currency Market in 2024?

According to Cognitive Market Research, North America dominated the digital currency market in 2024 and accounted for around 40% of the global revenue. The regional market expansion is being driven by the growing adoption of cryptocurrencies and their use in NFTs to store value in the area. However, the area is seeing massive expenditures in fields seeking cutting-edge solutions and in blockchain technology development for cryptocurrency systems with higher rates and more potent efficiency.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific is anticipated to be the fastest-growing region in the digital currency market in the forecast period. It is anticipated that the Asia Pacific market would grow significantly as a result of numerous technical advancements and the acceptance of digital currency for certain platforms in Taiwan and Japan. Another factor influencing the Asia Pacific market is strategic alliances and collaborations between major players.Additionally, the Asia Pacific region is vital to the worldwide market for digital currency mining, trade, and technological breakthroughs.

The current report Scope analyzes Digital Currency Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Digital Currency Market

According to Cognitive Market Research, the global digital currency market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. The growing acceptance of cryptocurrencies as a wealth storage option and their increased use in NFTs are driving growth in the regional sector. Investments are being made in cutting-edge bitcoin mining hardware and blockchain technology. Furthermore, rich nations are still putting cryptocurrencies first even though some see them as taxable assets rather than lawful money. Prominent institutions and extensive bitcoin mining have an impact on the North American industry. Argo Blockchain is among the first customers of Intel Corporation, which revealed plans to offer energy-efficient blockchain technology accelerators.

• According to Cognitive Market Research, the US had a major share in the digital currency market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period because of growing consumer and commercial adoption as well as changing regulatory environments. 
• The Canada digital currency market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period driven by the nation's efforts to innovate in finance and digitize. 
• The Mexico digital currency market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.

Europe Digital Currency Market

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. The continent-wide interest and investment in digital assets has increased due to the growing acceptance of cryptocurrencies such as Ethereum and Bitcoin. Additionally, the rise of blockchain technology has drawn interest from developers and investors alike by creating new avenues for financial innovation and decentralized applications. Furthermore, the integration of digital currencies into conventional financial systems has been made easier by advances in digital payment infrastructure and legal clarity, which has further fueled market expansion. Europe is now a major player in the global digital currency scene as a result, with a thriving ecosystem of exchanges, startups, and regulatory frameworks fostering the market's ongoing growth and innovation.

• The United Kingdom digital currency market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Many industries, including e-commerce, fintech, and banking, have embraced the revolution brought about by the acceptance of digital money. 
• The France digital currency market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany digital currency market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period driven by elements including the growing number of young people who are willing to accept new financial technology, the adoption of smartphones, and the expansion of the internet.
• The Italy digital currency market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia digital currency market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain digital currency market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg digital currency market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX million in 2024.
• The Portugal digital currency market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece digital currency market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe digital currency market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Digital Currency Market

According to Cognitive Market Research, the global Digital currency market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031 driven by elements including the development of new technologies, the growing use of digital payments, and changing regulatory environments. Leading nations in the region that are encouraging innovation and entrepreneurship in the field of digital currencies are China, Japan, South Korea, and Singapore. The swift advancement of China's central bank digital currency (CBDC) and its bold blockchain endeavors have greatly impacted the dynamics of the market. In the meantime, Japan has emerged as a pioneer in the regulation of cryptocurrencies, offering companies involved in the industry stability and clarity.

• According to Cognitive Market Research, the China digital currency market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period due to expanding commercial and consumer adoption, shifting regulatory landscapes, and both. 
• The Japan digital currency market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD XX million in 2024.
• The India digital currency market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period driven by factors such as the proliferation of the internet, the increasing number of young people who are open to embracing new financial technologies, and the uptake of smartphones.
• The South Korea digital currency market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD XX million in 2024.
• The Australia digital currency market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia digital currency market is projected to witness growth at a CAGR of 9.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific digital currency market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD XX million in 2024.

South America Digital Currency Market

According to Cognitive Market Research, the global Digital currency market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Due to the region's high percentage of unbanked people, rising smartphone adoption rates, and increased internet accessibility, there is a strong opportunity for digital currency adoption. In an effort to improve financial inclusion and lower transaction costs, governments and financial institutions around Latin America are becoming more and more interested in blockchain technology and digital currencies. Furthermore, people and companies are looking toward digital currencies as a more reliable option for keeping and transferring wealth as a result of the instability of traditional currencies in various Latin American nations.

• According to Cognitive Market Research, the Brazil digital currency market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period motivated by the country's initiatives to automate and innovate in finance. 
• The Argentina digital currency market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Numerous sectors, such as banking, fintech, and e-commerce, have embraced the change that digital money's acceptance has brought about. 
• The Colombia digital currency market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2024.
• The Peru digital currency market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile digital currency market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America digital currency market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.

 

Middle East Digital Currency Market

According to Cognitive Market Research, the global Digital currency market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. Numerous variables, such as the rising popularity of smartphones, the younger generation's proclivity towards technology, and the escalating interest in financial innovation, are responsible for this spike. Businesses and governments in the area are investigating how blockchain technology and cryptocurrencies might boost payment systems, promote financial inclusion, and stimulate economic growth. In addition, the interest in digital assets as alternative investment alternatives has increased due to geopolitical and economic uncertainty. The Middle East and Africa's digital currency market is expected to grow further as legal frameworks begin to take shape and established financial institutions and blockchain companies form strategic alliances.

• According to Cognitive Market Research, the GCC Countries digital currency market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period as a result of growing consumer and commercial adoption, changing regulatory environments, and both. 
• The Egypt digital currency market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa digital currency market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD XX million in 2024 proliferating internet, rising youth receptivity to new financial technology, and smartphone adoption are some of the driving forces behind this.
• The Turkey digital currency market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria digital currency market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA digital currency market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.

Digital Currency Market Analysis

Digital Currency Type Segment Analysis

According to Cognitive Market Research, bitcoin digital currency category held the major market share over the forecast period. Over the anticipated term, the segment is predicted to increase at the fastest rate. The digital money created as a decentralized transaction mechanism is called Bitcoin. During the projected period, it is estimated that the Emergence of Bitcoin Exchange traded funds would encompass global Bitcoin trading. 

Ethereum digital currency is the fastest-growing category over the forecast period. Users can create decentralized apps on Ethereum, an open software platform. It is connected to the growth of the Ethereum market because of the abundance of new projects that are utilizing the Ethereum network. Ethereum is mostly used to apply digital contracts to algorithm-based transactions. Digital contracts containing explicit instructions for the transaction process are applied on the blockchain network.

• Bitcoin Digital Currency 
• Ethereum Digital Currency 
• Bitcoin Cash Digital Currency 
• Ripple Digital Currency 
• Litecoin Digital Currency 
• Dash Digital Currency 
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Digital Currency Industry. Request a Free Sample PDF!

Digital Currency End Use Segment Analysis

According to Cognitive Market Research, trading category held a prominent market share. Trading bitcoin enables users to check their balances, make purchases of any kind, and obtain a deposit address. Many browser technology providers are focusing on partnering with blockchain technology. 

Retail and e-commerce is the fastest-growing category over the forecast period. Currencies are becoming an accepted form of payment in the expanding retail and e-commerce sectors. It is among the key elements influencing the market's expansion. To promote the use of digital currency for financial transactions, numerous cryptocurrency transaction processors have partnered with e-commerce businesses.

• Trading 
• Retail and E-commerce 
• Banking 
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Digital Currency Process Segment Analysis

According to Cognitive Market Research, mining category held a prominent market share. Blockchain transactions as well as validated and confirmed transactions are a part of the mining process. Through mining, new coins are added to the current supply chain. Many companies worldwide are focusing on developing and putting into operation bitcoin miner farms in order to give minors who are interested in cryptocurrencies the greatest mining experience possible. Since they get their electricity from the public network, these kids involved in cryptocurrency are in a great position to power mining operations.

Transaction is the fastest-growing category over the forecast period. Technological innovations like automation and digitization are developing quickly as a result of the growing demand for transaction services from businesses. Many participants are, meanwhile, focusing on setting up the wallet as a service to provide secure digital wallet options for companies to use transactions to boost demand for high usage of this transaction method.

• Mining 
• Transaction

Digital Currency Offering Segment Analysis

According to Cognitive Market Research, hardware category held a prominent market share. Hardware segment development is anticipated to be driven by the significant price fluctuations and decreased power usage of cryptocurrency users. Manufacturing mining equipment requires hardware, such as graphical processing units, that are efficient, quick, and stable. 

Software is the fastest-growing category over the forecast period. This market is expected to grow because to the rise in demand for software intended for mining and exchanging cryptocurrencies as well as the creation of software to control the amount of data created by these products.

• Hardware 
• Software 

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion