Revenue in the Cryptocurrencies segment is projected to reach €403.40m in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 14.34% resulting in a projected total amount of €689.40m by 2027.
The average revenue per user in the Cryptocurrencies segment amounts to €87.78 in 2023.
From a global comparison perspective it is shown that the highest revenue is reached in the United States (€22,160,000,000.00 in 2023).
In the Cryptocurrencies segment, the number of users is expected to amount to 5.12m users by 2027.
User penetration will be 6.5% in 2023 and is expected to hit 7.3% by 2027.
Cryptocurrencies are digital currencies that use an online ledger with strong cryptography to secure online transactions. Generally, cryptocurrencies are decentralized networks based on blockchain technology – a distributed ledger technology that autonomously records peer-to-peer transactions across decentralized computers without a central authority. Cryptocurrencies are predominantly traded and exchanged by cryptocurrency networks (Bitcoin, Ethereum, etc), cryptocurrency exchanges, neobrokers, and neobanks. Cryptocurrency networks, cryptocurrency exchanges, neobrokers, and neobanks require digital onboarding of their clients and do not have physical branches to provide consultations and services to their customers. Nevertheless, it is not mandatory for their potential clients to have a smartphone to open an account. The above-mentioned financial entities usually charge a fee for their services, and, given the nature of cryptocurrency trading activities, these platforms can be accessed either via a mobile app or via a desktop website. Within our market scope, we focus only on cryptocurrency exchanges, online trading platforms, and neobanks that provide either exclusively B2C or both B2B and B2C services; those that work solely with B2B clients are excluded from the market. Companies that only facilitate the exchange of non-fungible tokens (NFTs) are also excluded from the scope of this market.