Title: Cryptocurrency Market by Offering, Type, Application | COVID-19 Impact Analysis | MarketsandMarkets™
Headings: Cryptocurrency Market
Cryptocurrency Market
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Cryptocurrency Market with impact of COVID-19 by Offering (Hardware, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2026
Covid-19 Impact in the Cryptocurrency market
Cryptocurrency market dynamics
Driver: Transparency of distributed ledger technology
Restraint: Uncertain regulatory status
Opportunity: Significant growth opportunities in emerging and developed markets
Challenge: Concerns regarding security, privacy, and control
Value Chain Analysis
Hardware to hold largest size of Cryptocurrency market in 2021
Mining process to hold largest share of Cryptocurrency market in 2021
APAC to grow at highest CAGR during the forecast period
Key Market Players
Scope of the Report:
By Offering:
By Process:
By Type:
Geographic Analysis
Recent Developments
Frequently Asked Questions (FAQ):
Get in-depth analysis of the COVID-19 impact on the Cryptocurrency Market

Content: Uncertain regulatory status
The cryptocurrency market is not yet regulated. At present, the lack of regulations and the uncertainty regarding the same are among the major factors restraining the adoption of cryptocurrencies. While financial regulatory bodies across the world are working to find common standards for cryptocurrencies, regulatory acceptance remains one of the biggest challenges. As the distributed ledger technology is still in the nascent stage, it raises a number of questions for regulators and policymakers at national and international levels. Opportunity: Significant growth opportunities in emerging and developed markets
Emerging economies (such as India, China, and Brazil) and developed countries (such as the US, Germany, and Japan) are expected to offer significant growth opportunities for companies operating in the cryptocurrency market. For instance, in 2020, Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and boost the adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. The objective of the agreement is to establish operational practices and compliance standards that all members must adhere to. The country’s prominent cryptocurrency firms that signed the code include Foxbit, Ripio, Bitcoin Market, and Novadax.