Global Digital Asset Trading Platforms Market – Introduction
- The digital asset trading platform is a platform that connects directly to cryptocurrency exchanges around the world. A digital asset trading platform allows users to easily buy and sell cryptocurrencies and / or other security tokens through a single account or platform.
- Digital Asset Trading Platform Market is a user-friendly platform for professional and novice traders, and provides real-time data analysis and accurate charts. This platform provides buyers and investors with benefits of ICO projects and trade related opportunities around the world.
- Digital asset trading platforms see security as a procedure, which means the platform is well equipped with innovative cybersecurity technologies and infrastructure. In addition, the platform provides security tools to its users to improve the security of their accounts and advanced tools and solutions to capitalize on their security.
Growing Initiatives for Cryptocurrency Adoption: Key Driver of the Digital Asset Trading Platforms Market
The growing acceptance of cryptocurrencies has forced many governments, especially in developed countries, to implement them in many public services. At the end of August 2017, the Canadian government (Canadian Securities Administrators) issued a notice regarding cryptocurrency offerings, including initial token offerings (ITOs), crypto investment funds -currency, initial coin offerings and cryptocurrency exchanges. In July 2017, the South African Reserve Bank (SARB) announced various plans to test cryptocurrencies including Bitcoin and also set up a related regulatory structure with the help of Sandton, Bankymoon and some solution providers. blockchain networks based in South Africa. Additionally, SARB is partnering with Bankymoon to organize various workshops and seminars related to cryptocurrencies and their beneficial use cases for the people of South Africa.
- The adoption of cryptocurrency is significant in developing countries due to many positive initiatives and efforts by the government.
- For example, in 2017, the government of Bermuda launched a task force to improve and develop the country for the adoption of cryptocurrency and coin offerings, utility tokens, and token securities. Hence, the multiplication of positive initiatives to increase the adoption of cryptocurrency is significantly boosting the growth of the digital asset trading platform market..
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Lack of awareness of new technologies is expected to hamper the global digital asset trading platform market
- The multifaceted and technical nature of cryptocurrencies makes it difficult for individuals to understand and accept them. The lack of awareness and understanding related to cryptocurrencies is one of the main reasons for the variability in the value of cryptocurrencies. Additionally, users are unaware of the benefits of digital currencies as a long term investment; they see it as a gamble to gain short term benefits. Hence, the lack of awareness of new technologies is expected to hamper the market for digital asset trading platforms.
North America will be a significant share of the global digital asset trading platform market
In terms of region, the global digital asset trading platform market can be segmented into North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
North America is expected to account for a significant share of the global digital asset trading platform market during the forecast period due to the presence of major players in the region coupled with increasing technological advancements indicating growth potential of the digital asset trading platform market in the region. Europe is expected to be the second largest market for digital asset trading platforms from 2019 to 2027.
Asia-Pacific is likely to be a rapidly growing market for digital asset trading platforms during the forecast period due to the increase in cryptocurrency and Bitcoin transactions, particularly in Japan, in Australia, etc.
Key players operating in the global digital asset trading platform market
- Bakkt Holdings, LLC
- Bittrex International GmbH
- BMXDM Technology Pte. Ltd. (BitMax)
- CEX.IO Ltd.
- ChangeNOW International Ltd.
- Devexperts LLC
- Eris Exchange, LLC (ErisX)
- iFinex Inc. (Bitfinex)
- Interdax Global Limited
- Payment entities (Kraken)
- Polo Digital Assets, Ltd. (Poloniex)
- ShapeShift Global Limited
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