Crypto-Currency and Cyber-Currency Market Crypto-Currency and Cyber-Currency Market

Crypto-Currency and Cyber-Currency Market Key Players, Trends,
Growth Opportunities and Industry Forecast till 2024
“The market is subject to witness a substantial growth due
to the minimum fees for transaction in cryptocurrency
exchange, exclusion of third parties for financial deals,
and limited occurrence of fraud & identity theft.”
The global crypto-currency and cyber-currency market size is expected to value at USD 84 billion by 2024. The
market is subject to witness a substantial growth due to the minimum fees for transaction in cryptocurrency
exchange, exclusion of third parties for financial deals, and limited occurrence of fraud & identity theft.
However, lack of awareness about the cryptocurrency among general population is expected to restrain market
growth to large extent.
Although, addition of block-chain technology that provides more security and flexibility for financial services in
cryptocurrency market, thus offering numerous growth opportunities for business, in the recent years. Globally,
the market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for
market players to invest in research and development in the crypto-currency and cyber-currency market.
Crypto-currency is commonly termed as a form of money exchange, which is performed with the help of
cryptography to complete the transactions. The crypto-currency majorly involves monitoring & formation of
new units, enhanced security, and minimizing risks such as money fraud. Crypto-currency is purely digital form
of money that can only be used for online transitions. Growing popularity of crypto-currencies such as Bitcoin
is attributed to its widespread use in the mainstream media since last decade. Bitcoin and the other crypto-
currencies are considered as a decentralized system due to absence of any central authority. The crypto-
currency and cyber-currency market has witnessed up to four times of overall market capitalization over the
last couple of years.
A cyber-currency or crypto-currency is commonly understood as a digital asset that is derived to work as a
medium of exchange with secure financial transactions, measurement of additional units, and monitoring the