In recent years, the use of cryptocurrencies for payments and transactions has become more common for the average user in various regions. The regular use of cryptocurrencies as a means of investment, savings, or payment is reflected in global figures, showing a growth pattern in cryptocurrency adoption.
Various sources have confirmed the growth in cryptocurrency adoption internationally.
- Statista has confirmed the growth of the cryptocurrency market within the European region, reporting that the revenue generated in the region’s cryptocurrency market will reach $12.6 billion this year.
- Additionally, a recent study by Coinwire reported that Europe is one of the largest markets globally, accounting for 37.32% of global transactions.
- Chainalysis reported in its recent cryptocurrency adoption report that regions like Latin America will become one of the fastest-growing regions in cryptocurrency adoption in the future.
- Cryptocurrency transactions could exceed $108 billion globally by the end of 2024, showing an increase of nearly 90% compared to transactions made in 2022.
The Cryptocurrency Market in Europe
The crypto market in Europe is projected to grow at a compound annual rate of 8.29% over the next few years, reaching a projected revenue of €17.3 billion by 2028. Within the European market, there are various cryptocurrency companies such as payment gateways, cryptocurrency exchanges, and crypto wallets, among others.
Bitnovo
Bitnovo has been considered one of the main references within cryptocurrency companies in Europe and worldwide. Recently, the company closed some of the main alliances with players from various industries such as Ducati.
Additionally, its commitment to excellence has allowed the company to expand its presence to markets in the Netherlands and France.
Bitnovo has provided thousands of people with the ability to operate with cryptocurrencies in Europe, thanks to various tools such as Bitnovo Pay, among others.
Ledger
Ledger is considered one of the leading companies in the crypto industry in Europe.
The company provides several users in Europe with the ability to operate with cryptocurrencies securely, with each person being their own custodian.
A clear example of its usability is the recent application known as Ledger Live, which provides the ability to operate with cryptocurrencies, including Bitcoin and Ethereum, among others.
Another example of its products is known as Ledger Nano X, which functions as a hardware wallet with Bluetooth, allowing millions of users to protect and manage cryptocurrencies.
The Cryptocurrency Market in Latin America
Latin America has positioned itself as one of the fastest-growing markets in terms of cryptocurrency adoption globally. Statista has confirmed the growth of the cryptocurrency market in the region, reporting that the market will generate an estimated revenue of $1.6 billion by the end of 2024.
Within the Latin American market, there are various cryptocurrency companies such as payment gateways, cryptocurrency exchanges, and crypto wallets, among others.
CryptoMKT
CryptoMKT is a cryptocurrency exchange platform that has established itself as one of the most important in Latin America. Founded on November 30, 2016, by Rafael Meruane and Martín Jofré. Currently, the lawyer and Doctor of Business Administration, María Fernanda Juppet, is its CEO.
The company was born in Chile with the vision of building a more efficient, transparent, inclusive, and decentralized financial infrastructure.
Since its founding, CryptoMKT has expanded its operations to several countries, including Chile, Argentina, Brazil, Colombia, and Peru, as well as the European zone, among other markets.
Coincaex
Coincaex is a cryptocurrency exchange platform that has established itself as a key player in the Central American market. Founded in May 2015, Coincaex is headquartered in Guatemala City.
The company offers a variety of services designed to facilitate the exchange of value between fiat money and crypto assets. With more than six years of experience in the market, Coincaex has managed to establish a solid and reliable reputation, offering services that combine innovation, security, and accessibility for its users.
