Press Release

Europe Cryptocurrency Market to Be Fueled by Trading as an Investment Option

The growing acceptance for cryptocurrency as a payment option, rising awareness among consumers and government regulations in favor of cryptocurrency is driving the growth of Europe cryptocurrency market.

According to TechSci Research report, “Europe Cryptocurrency Market –By Country, Competition, Forecast & Opportunities, 2018-2028” The Europe cryptocurrency market is witnessing high demand owing to the rising awareness among consumers regarding the benefits associated with cryptocurrency and growing acceptance of cryptocurrency as a payment option.

Government laws are one of the key factors influencing the cryptocurrency sector in Europe. Since there is little regulation surrounding cryptocurrencies, investors have an enormous amount of uncertainty. However, a number of European nations have moved to regulate cryptocurrencies in recent years.


Similar to this, other European nations have put their own laws into effect. For instance, cryptocurrencies are now regarded as financial instruments in Germany and are governed by the same laws as conventional financial goods. As a result, Bitcoin has become a more appealing investment alternative in the sights of investors.


The overall economic situation in Europe is one of the elements influencing investor mood. Investors are more inclined to be upbeat about the future of cryptocurrencies when the economy is performing well. This is so that they can diversify their investment portfolio and perhaps generate larger profits. In contrast, when the economy is having trouble, investors might be less willing to put money into cryptocurrencies. This is due to the possibility that they view it as a riskier investment choice and would rather put their money into more conventional assets such as equities and bonds.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Europe Cryptocurrency Market


The cryptocurrency market in Europe is also being driven by technological breakthroughs. Blockchain, the underlying technology that powers cryptocurrencies, has the power to fundamentally alter several sectors of the economy, including finance, healthcare, and logistics. The demand for cryptocurrencies is projected to rise as more businesses start to use blockchain technology. This is due to the fact that many blockchain-based apps require cryptocurrencies, which act as the system's internal currency.


Additionally, technical developments have simplified the purchase and trade of cryptocurrencies for investors. Nowadays, a lot of exchanges have user-friendly platforms that make trading cryptocurrencies simple even for new investors. As a result, cryptocurrency is now more appealing and approachable to a wider audience.

 

Europe Cryptocurrency Market is segmented based on type, end user, and country. Based on type, the market is further divided into Bitcoin, Ethereum, Tether, Binance Coin, USD Coin, Cardano and others which include Dogecoin, Polycon, XRP, etc. Based on end user, the market is further split into trading, retail & e-commerce, peer-to-peer payment, and remittance. Based on country, the market is segmented into United Kingdom, Germany, France, Austria, Slovakia, Netherlands, Czech Republic, Portugal, Bulgaria and Belgium.


Based on end user, the trading segment is significantly driving the market growth of Europe cryptocurrency market owing to various reasons such as cryptocurrency being a safe and versatile investment option as the cryptocurrency trading is protected by blockchain technology. Moreover, the use of cryptocurrency as remittance is further catering the market growth.


Bitcoin, the first cryptocurrency asset, was developed in 2008 and made available in January 2009. Owing to its usage of peer-to-peer cash protocols, which distinguishes it from other groups of currencies that are controlled by a single entity, such as the central bank, Bitcoin is growing in popularity and trust. As a result, both the asset's market value and user base have continuously expanded since its launch up until the present. Beyond Bitcoin itself, the innovation represented by its technology adds to the respect that Bitcoin enjoys in the cryptocurrency community.


Key market players in the Europe cryptocurrency market include:

  • eToro (Europe) Ltd.
  • Foris DAX MT Limited (Crypto.com)
  • ZenGo Ltd.
  • Naumard Ltd. (YOUHODLER)
  • Simply Digital Technologies Inc. (CoinsSmart)
  • Binance Holdings Ltd (Binance)
  • Coinbase Global, Inc. (Coinbase)
  • Liquidity Technologies Limited (CoinFlex)
  • Mek Global Limited (KuCoin)
  • HDR Global Trading Limited (BitMEX)


Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

“The cryptocurrency market in Europe is witnessing high demand owing to the rising awareness among consumers regarding cryptocurrency. Moreover, the cryptocurrency as an investment option and the technological advancement such as block chain makes the cryptocurrency payment much safer and fast, which is further contributing to the market growth of cryptocurrency in Europe,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

 

Europe Cryptocurrency Market, By Type (Bitcoin, Ethereum, Tether, Binance Coin, USD Coin, Cardano, Others (Dogecoin, Polycon, XRP, etc.)), By End User (Trading, Retail & e-commerce, Peer-to-Peer Payment, Remittance) By Country, Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of cryptocurrency in Europe and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Europe cryptocurrency market.


Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: https://www.techsciresearch.com