The cryptocurrency market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are Advanced Micro Devices Inc., Antier Solutions, BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, NVIDIA Corporation, Ripple, Xilinx Inc. and Xapo Holdings Limited.

Chicago, Nov. 08, 2022 (GLOBE NEWSWIRE) — The report “Cryptocurrency Market by Offering (Hardware (ASIC, GPU, FPGA, Others), Software (Mining Platform, Exchange, Coin Wallet)), Application (Optimization, Machine Learning, Material Simulation), Type (Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Others), End User (Trading Retail and E-commerce, Banking, Others) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2028″, is projected to grow from USD 1.5 billion in 2021 and is projected to reach USD 2.9 billion by 2028; it is expected to grow at a CAGR of 11.4% from 2021 to 2028.

The market is growing primarily due to the development of distributed ledger technology and increased digital venture capital investments. Developing nations are now using digital currency as a means of financial transactions. The growing acceptance of digital currencies like Bitcoin and Litecoin is anticipated to fuel market expansion in the years to come. Blockchain technology is frequently used with digital currency to decentralize and manage efficient transactions. Due…