Global crypto revenue to hit $1.1 trillion by 2030 amid increased crypto adoption: report

Global crypto revenue to hit $1.1 trillion by 2030 amid increased crypto adoption: report
фото показано с : invezz.com

2023-6-21 22:19

The global crypto revenue is projected to reach $1.1 trillion in the next seven years, according to a new report on the industry’s growth.

In its recently published report dubbed “Thematic Intelligence: Cryptocurrencies,” GlobalData, key trends likely to impact the growth of crypto over the next few  years will be macroeconomic trends and crypto regulation.

Amid the bear market of 2022, the global cryptocurrency profit fell to about $33 billion, with the major implosions of Terra and FTX catalysing the crypto winter. However, while headwinds around the highlighted trends remain, GlobalData estimates the overall growth trajectory for the asset class will see total revenue surpass the $1 trillion mark by 2030.

Crypto casinos on the rise, spurred by clear regulations

GlobalData says the regulatory environment that continues to evolve, with several jurisdictions shifting the narrative towards more crypto-friendly laws, is going to be key to this outlook.

The EU’s Markets in Crypto-Assets (MiCA) bill offers the most comprehensive framework. The UK is seeking to establish itself as a crypto hub and just passed the Financial Services Markets Bill (FSMB), which could become law by early next year.

Specifically, adoption of crypto is expected to benefit from more clarity favouring cryptocurrency businesses. The streamlining of gambling regulation across the globe is also encouraging people to venture into the online casino world. Access to foreign casinos that operate with licences from some of the world’s most reputable regulatory regimes is seeing a significant bump. And the impact of this scenario is the increased adoption of more payment methods, with cryptocurrency use on the rise as people begin to tap into its benefits.

While GlobalData predicts the metaverse will be a $627 billion market by 2030, estimates for the online gambling market size forecast a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.  

Driving this, the report notes, will be an increase in market share for sports betting and casino platforms, sections of the market currently seeing an influx of capital as the use of cryptocurrencies increase.

The post Global crypto revenue to hit $1.1 trillion by 2030 amid increased crypto adoption: report appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto report global years trends growth revenue

crypto report → Результатов: 126


Фото:

KuCoin Labs Q2 2020 Report Gives Insights Into the Role of DeFi, NFTs, DEX in Fostering Crypto Adoption

KuCoin crypto exchange’s investment and research offshoot KuCoin Labs today released its 2021-Q2 Crypto Industry Quarterly Report with a number of interesting insights. DeFi, NFT Significant for Crypto Adoption In the report, research has been done on several important landscapes within the crypto industry, such as DeFi and NFT.

2021-9-3 19:00


Фото:

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring

Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have seen outperforming start-of-year projections.

2020-10-24 18:15


Фото:

New Pwc Report on Crypto Insolvency Captures the ICO Chaos

Accounting firm Pwc’s Hong Kong branch recently released a crypto insolvency report guiding crypto business owners on what to do “when things start to go wrong.” News.Bitcoin.com spoke to the crypto head of Pwc’s Asia operations, part of the team who released the report, on how he views the current cryptocurrency landscape, the factors that […] The post New Pwc Report on Crypto Insolvency Captures the ICO Chaos appeared first on Bitcoin News.

2019-2-28 04:45


Dec 17th Crypto News Recap: DTCC Report, Tron 2.5M Tx, HKEX on Bitmain, Hong Kong Regulations [VIDEO]

Blockchain Identified as a Systemic Threat for the Global Financial Sector Per New DTCC Report Blockchain Identified as a Systemic Threat for the Global Financial Sector Per New DTCC Report Lamassu Crypto Vending Machine CEO Zach Harvey Says Its Clear, “Crypto is for Activists” Lamassu Crypto Vending Machine CEO Zach Harvey Says Its Clear, “Crypto […]

2018-12-18 22:52