Security News > 2022 > January > Cryptocurrency market to reach $2.73 billion in 2025

The global cryptocurrency market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate of 12.9%. The market is expected to reach $2.73 billion in 2025 at a CAGR of 13.8%, according to ResearchAndMarkets.

The cryptocurrency market consists of sales of digital or virtual currencies by entities that operate independently of a central bank and employ encryption techniques to regulate the formation of their units and verify the transfer of payments.

Stable coins are gaining significant popularity in the cryptocurrency market.

Stable coins are cryptocurrencies that are linked to a physical asset, such as government-issued currency or a commodity to reduce cryptocurrency fluctuation.

In 2020, the circulation volume of stable coins increased by 500%. Financial payment transparency to propel cryptocurrency market growth.

The transparency in financial payment drives the market for cryptocurrencies market.

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