On the other hand, if we look at the end-user analysis, the cryptocurrency market is primarily divided into banking, real estate, stock market, and virtual currency. The stock market and virtual currency sectors led the market with over $500 million in transactions in 2019. (Facts & Factors, 2021)
Cryptocurrencies are better options in financial uncertainty for the regions with unstable economical structures, which is becoming a major market driving factor for the market. Increasing Adoption of Bitcoin to Witness Exponential Demand for Cryptocurrency Market
Furthermore, the rising internet penetration globally is one of the major factors that substantially drive the industry's growth. The smartphones/laptops, along with internet connectivity, enable the customers to leverage the crypto exchange platforms.
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