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The price of this currency is expected to increase in the coming years due to rising demand among corporates
for trading purposes. Considering the rising demand for currency, most companies are likely to enter the
market and offer trading of Bitcoin. For instance, LedgerX is the first regulated platform, where investors can
buy and sell Bitcoins. Institutional investors like hedge funds, banks, and companies dealing in Bitcoins ca n
easily invest in the currency through this platform.
All these factors are likely to boost the demand for this currency, thereby supporting global market growth.
Ethereum is another popular cryptocurrency designed specifically to store and run smart con tracts. The value
of this cryptocurrency is also expected to increase in the coming years. Considering the popularity of
Ethereum among investors, most companies have started using the currency. For instance, Coinbase, a
leading platform for buying and trading of bitcoin, added Ethereum to its official website. Geographically,
North America is likely to be among the major regional markets for cryptocurrency. This growth can be
attributed to the presence of one of the largest cryptocurrency mines in the region, which produces 50 to 70
bitcoins a day. In addition, presence of major market players like Ripple and Coinbase is projected further
boost the regional market growth. Asia Pacific region is also projected to expand over the forecast period due
to penetration of top companies in the region.
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industry
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