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The global cryptocurrency exchange platform market dimensions are anticipated to reach USD 264.32 billion by 2030, growing with a CAGR of 27.8% from 2022 to 2030, based on this research conducted.

Ever rising awareness about cryptocurrencies in addition to their advantages, like 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 invested in development and research activities to introduce advanced innovative exchange platforms.

As an example, in July 2022, Billium, an exchange operating out of Dubai, announced the launch of the new-age platform to carry out decentralized transactions better and efficiently. It can be integrated having a copy trading function named ‘Billium Copy Trading’, that will allow novice users to follow along with the trades of the professionals.

The growing rise in popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to boost their service offerings. As an illustration, 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 hoped for to propel industry growth in the forecast period.

The outbreak from the COVID-19 pandemic is predicted to try out a decisive role in driving the industry within the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies because the cryptocurrency segment is decentralized. Additionally, since it is not controlled by any central authority, it eliminates the political influence during troubled times, like the pandemic.

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