Market Dynamics

Chancing mode of payment, increasing consumers cross-border transactions, coupled with wide acceptance of bitcoins for exchange are major factors expected to drive the growth of global crypto trading app market. Rapid digitization across the globe is resulting in consumer’s preference for contactless payment. The ratio of cross-border transaction in increased in the past few years with the changing international payment regulation and high charges on remittance consumers are adopting digital currency that has no transaction fee. Its peer-to-peer system is attracting major players for development of enhanced trading solution this is expected to impact the growth of crypto trading app market.

In 2020, Huobi a global leading digital asset exchange launched a mobile app available for iOS and Android for cryptocurrency trading in Russia market. The application allows users to access Huobi's spot market and trade hundreds of digital assets and cryptocurrency. This is expected to help the company to strengthen its market in Russia.

In 2020, Tata Consultancy Services a global technology company launched crypto trading solution in India market. The platform will support multiple cryptocurrency, digital assets, digital coins linked to fiat currencies, trading channels and public blockchain networks. This is expected to help the company to enhance the business.

In 2019, BitFlyer a leading cryptocurrency exchange launched bitFlyer app across Europe and the US. The application will allow users to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Monacoin (MONA) and Lisk (LSK). This is expected to help the company to enhance its customer base and increase the revenue share.

Growing demand for trading and compliance-free remittance are factors increasing the adoption of cryptocurrency. In addition, increasing awareness among consumers related to cryptocurrency payments such as enhanced transactional security, protection from fraud, decentralized system, and low fees is further supporting the revenue growth of crypto trading app market. Factors such as lack of awareness and technological understanding of cryptocurrency and uncertain regulatory scenario are expected to hamper the growth of global crypto trading app market. In addition, rising concern related to data security is expected to limit the adoption further challenging the growth of crypto trading app market.

However, developing regulatory scenario, wide acceptance of digital currency across various end use industries and increasing efforts towards safeguarding the transaction process are factors expected to create new opportunities for players operating in the crypto trading app market. In addition, major players focus towards emerging economies in order to track the untapped market is expected to support the revenue transaction of target market.

Segment Analysis by Region

The market in Asia Pacific is expected to account for major revenue share in the global crypto trading app market due to increasing acceptance of digital currency. In addition, changing government regulations and presence of large number of players operating in the country with innovative solutions are factors expected to support the growth of target market in this region.

Developing IT infrastructure and increasing awareness among consumers related to use of bitcoin are factors impacting the growth of target market. In addition, increasing business development activities by players through acquisitions is expected to support the growth of regional market.

Competitive Landscape      

The global Crypto Trading App market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Crypto Trading App Market Segment Analysis, 2019

The global crypto trading app market is segmented into type and device type. The type segment is bifurcated into bitcoin, ethereum, bitcoin cash, ripple, litecoin, dash, and others. Among the type the bitcoin segment is expected to account for major revenue share in the target market. The device type segment is divided into mobile and desktop. Among device type the mobile segment is expected to witness faster growth in target segment due to high penetration of smartphone.

The players profiled in the report Coinbase, Square, Inc., Binance, Bisq, TCS, Huobi, and BitFlyer.

Market Segmentation

Market By Type

Bitcoin

Ethereum

Bitcoin Cash

Ripple

Litecoin

Dash

Others

Market By Device Type

Mobile

Desktop

Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa