Global Cryptocurrency Market Emerging Trend
                     Global Cryptocurrency Market Emerging Trend, Growth, Revenue 2025 
Market Overview 
Cryptocurrency are digital medium of exchange, alternative to conventional currencies such as US$ or 
Euros. These utilize digital information exchange based on the principles of cryptography, to provide 
secure means of transactions and in many cases provides anonymity. In 2009, Bitcoin became the first 
decentralized digital currency, which leads to the introduction of over thousand other digital currencies 
in the market. 
Digital currencies are classified as an asset or currencies depending from country to country. For 
instance, Bitcoin has 21 million units, given that the global population is around 7 billion, and even if 
around 50 million of the population adopt Bitcoin, this would require a premium price tag to suffice the 
users. Moreover, the creation of these currencies is constant and unchangeable, generating limited 
supply and higher costs. In 2016, Bitcoin witnessed an increase in the costs, mainly due to the imminent 
decrease in the supply of new coins. 
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Market Dynamics 
Increment in the digital currency value during the past years were mainly due to the increasing 
transaction volumes mostly for BTC. In 2016, BTC generated a revenue of around US$ 130 billion, though 
it is expected that transaction volumes will witness considerable surge in the near future in particular 
segment. However, Paypal recorded a volume of over US$ 735 billion in 2016, whereas, Western Union 
volumes accounted approximately 4.61% higher than BTC, pegged at over US$ 730 billion. Therefore, it 
can be determined that the overall utilization of the digital assets as a form of payment is still at its 
nascent stage, and promises to hold significant growth in the near future. 
As of September 2017, the industry is estimated to be valued at around US$ 166 billion (according to 
CoinMarketCap), is still too far from actual user penetration. Number of users participating in the 
ecosystem is expected to witness considerable surge, led to the increase in the scalability issues. 
However, regulations and legalization are expected to be the prominent factors that will hinder the 
cryptocurrency market growth. For instance, in 2017, regulations in China banned the initial coin 
offerings (ICO) and halted the trading of virtual currencies, mainly due to the lack of centralized control. 
However, many other developed and emerging countries are planning initiatives to legalize these 
currencies. U.S., Singapore, Russia, and Switzerland are among the prominent countries that are 
expected to witness considerable penetration over the forecast period. 
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Some of the most valued currencies in the cryptocurrency market include Bitcoin (BTC), Ether (ETH), 
Litecoin (LTC), Ripple, Peercoin, Dogecoin, Dash, NEM, and Namecoin. Top ten cryptocurrency 
industries acquire shares of over 85% of the global capital. Some of the major players operating in the 
global cryptocurrency market include Bitfinex, BitFury Group Limited, Bitstamp Ltd., Coinbase, 
Coinsecure, Litecoin, OKEX Fintech Company Limited, Poloniex Inc., Ripple, Unocoin Technologies 
Private Limited, and ZEB IT Service Pvt. Ltd. 
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