Digital Currency Market Size, Share, Trends & Research Report, 2030

Name: Digital Currency Market Size, Share, Trends & Research Report, 2030
Creator: Mordor Intelligence
License: https://www.mordorintelligence.com/privacy-policy

Digital Currency Market Size and Share

Market Overview

Study Period	2019 - 2030
Market Size (2025)	USD 34.38 Billion
Market Size (2030)	USD 60.78 Billion
Growth Rate (2025 - 2030)	12.07% CAGR
Fastest Growing Market	Middle East and Africa
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Digital Currency Market (2025 - 2030) — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Digital Currency Market Analysis by Mordor Intelligence

The digital currency market stood at USD 34.38 billion in 2025 and is forecast to advance at a 12.07% CAGR, reaching USD 60.78 billion by 2030. Institutional infrastructure is overtaking speculative trading as the chief growth catalyst, led by central-bank digital currency (CBDC) rollouts, stablecoin rails for cross-border business-to-business payments, and large-scale tokenization of real-world assets. Washington’s decision to create a Strategic Bitcoin Reserve holding 200,000 BTC marks a turning point, placing digital assets on par with gold and foreign-exchange holdings. Asia-Pacific’s mass adoption, coupled with mature regulatory frameworks in Europe, accelerates ecosystem build-out, while post-quantum security investments curtail institutional risk exposure. Competitive dynamics remain fluid: Binance retains the single-largest trading footprint despite compliance scrutiny, yet zero-fee strategies have propelled Bybit to the second slot. Growing machine-to-machine (M2M) payment volumes and green validation models further widen revenue pools for infrastructure vendors, wallet providers, and staking service operators within the digital currency market.

Key Report Takeaways

By component: Software held 71.40% of the digital currency market share in 2024, while hardware is projected to expand at a 16.8% CAGR through 2030.
By currency type: Cryptocurrencies accounted for 62.80% of the digital currency market size in 2024, whereas CBDCs are poised for a 31.4% CAGR to 2030.
By end-user: Retail users dominated with 48.30% revenue share in 2024; the government segment is forecast to rise at a 28.0% CAGR through 2030.
By application: Trading and investment captured 46.50% of the digital currency market share in 2024, but M2M payments are tracking a 37.5% CAGR to 2030.
By geography: Asia-Pacific led with 34.20% of 2024 revenues; the Middle East and Africa region is expected to post a 23.9% CAGR through 2030.
Company concentration: Binance commanded 38–50% of global spot volume in 2024, while Bybit secured the next 16% share.

Global Digital Currency Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
CBDC pilots move to large-scale issuance	+2.8%	Global; early gains in India, Thailand, UK	Medium term (2-4 years)
Rapid migration from cash to mobile wallets	+2.1%	Asia-Pacific core; spill-over to MEA	Short term (≤ 2 years)
Stablecoin integration in cross-border B2B payments	+1.9%	Global; concentrated in North America and EU	Short term (≤ 2 years)
Tokenization of real-world assets boosts collateral demand	+1.7%	North America and EU; expanding to Asia-Pacific	Medium term (2-4 years)
Smart-contract-based M2M payments	+2.3%	Global; led by developed markets	Long term (≥ 4 years)
De-dollarization drives sovereign digital currency projects	+1.5%	BRICS, Middle East, emerging markets	Long term (≥ 4 years)
Source: Mordor Intelligence

CBDC pilots move to large-scale issuance

India’s e-rupee now serves more than 5 million users, while Thailand has completed wholesale trials that connect commercial banks directly to the central bank ledger. The Bank of England’s digital pound roadmap and Turkey’s digital lira prototype show that high-income economies are also embracing sovereign tokens. Early rollouts in Nigeria and the Bahamas prove that retail CBDCs can coexist with private wallets and card networks. Twenty-three of 30 sub-Saharan African nations are actively evaluating similar models, turning CBDCs into the fastest-growing currency type segment within the digital currency market.

Rapid migration from cash to mobile wallets

Stablecoin capitalization has rebounded to USD 161 billion, reinforcing consumer confidence in digital cash substitutes. Circle and Binance now extend USDC reach to 240 million users, and Circle’s application for a national trust bank license underscores a pivot toward regulated infrastructure.^{[1]Circle Research Desk, “USDC Ecosystem Growth Metrics,” circle.com}Mastercard’s Chainlink integration allows real-time, on-chain card settlements for 3 billion account holders.^{[2]The Block Insights, “Mastercard adds Chainlink oracles to card settlement stack,” theblock.co} Asia-Pacific’s 24% crypto penetration—three times the global average—illustrates how mobile-first economies leapfrog card-based payment rails.

Stablecoin integration in cross-border B2B payments

Global corporations processed USD 36 billion in stablecoin settlements during 2024, trimming multi-day correspondent banking cycles to near-instant completion. Treasury desks at exporters adopt USDC to mitigate currency swings, while suppliers in high-inflation markets obtain faster working-capital relief. Partnerships such as Nexo–Sphere enable low-fee payroll disbursements and invoice financing over permissioned chains, broadening enterprise use cases.

Tokenization of real-world assets boosts collateral demand

BlackRock’s USD 150 billion treasury-bill program confirms that asset managers are moving from proofs of concept to scalable issuance platforms.^{[3]Coinbase Institutional Team, “The Real-World Asset Tokenization Report,” coinbase.com} Smart contracts automate coupon payments, compliance checks, and secondary transactions, multiplexing liquidity across once-illiquid real-estate and private-equity assets. Fractional ownership draws smaller investors, while embedded compliance rules reassure regulators—together furnishing a 1.7-percentage-point uplift to the digital currency market CAGR.

Restraints Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Regulatory fragmentation across jurisdictions	-1.8%	Global; US-EU divergence	Medium term (2-4 years)
Cyber-security and private-key management risks	-1.2%	Global; institutional clusters	Short term (≤ 2 years)
High energy use of proof-of-work chains	-0.9%	Global; EU scrutiny	Long term (≥ 4 years)
Quantum-computing threat to current cryptography	-0.7%	Global; infrastructure hubs	Long term (≥ 4 years)
Source: Mordor Intelligence

Regulatory fragmentation across jurisdictions

MiCA grants Europe a single passport for crypto services, yet the United States still juggles overlapping bills like the STABLE Act and GENIUS Act. Firms operating on both sides of the Atlantic must sustain dual compliance stacks, inflating legal budgets and slowing product rollouts. Conversely, Singapore’s and Hong Kong’s licensing clarity lures liquidity from less predictable markets.

Cyber-security and private-key management risks

NIST’s post-quantum draft standards will be mandatory for federal systems by 2035, prompting banks to accelerate wallet-upgrade timelines.^{[4]NIST Cryptographic Standards Group, “Post-Quantum Cryptography Project,” nist.gov} Custodians such as Taurus deploy hardware-security-module clusters and multi-signature schemes to satisfy institutional risk committees. Yet the immutability of blockchain records means a single compromised key can irreversibly drain holdings, elevating insurance costs and dampening near-term adoption curves.

Segment Analysis

By Component: Software infrastructure drives market evolution

Software captured 71.40% of 2024 revenues, underscoring the code-intensive backbone of the digital currency market size. Staking middleware, exchange engines, and custody platforms are on track for a 16.8% CAGR, far ahead of hardware mining rigs. Ethereum’s switch to proof-of-stake cut network power draw by 99.7%, redirecting capital toward validator nodes and smart-contract services rather than ASIC procurement. Hardware demand, while smaller, concentrates on cold-storage vaults and quantum-safe modules aimed at banks and asset managers. Vendors such as Ledger partner with insurers to package secure storage plus theft coverage, illustrating convergence between cybersecurity and physical devices. Integrated stacks—exemplified by Taurus-Temenos bundles—let incumbent core-banking systems activate crypto wallets through a simple software update, bringing thousands of banks into the digital currency market.

Digital Currency Market: Market Share by Component — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Currency Type: Cryptocurrencies lead despite CBDC acceleration

Cryptocurrencies retained 62.80% of 2024 turnover, anchoring the speculative and store-of-value end of the digital currency market. Bitcoin’s enshrinement as a strategic reserve asset by the United States Treasury elevates its macro legitimacy, while El Salvador’s and Bhutan’s sovereign strategies reinforce nation-state acceptance. CBDCs, clocking a 31.4% CAGR, represent the public-sector’s answer to private-ledger dominance, with pilots live across 19 Middle Eastern and Central Asian economies. Stablecoins form the transactional bridge: USDC and USDT volumes now exceed USD 200 billion monthly, aided by the harmonized rules under MiCA. Dual-rail models emerge, allowing users to swap CBDC units for private tokens within single wallets, blurring lines between monetary authority liabilities and decentralized bearer assets.

By End-User: Retail dominance shifts toward institutional adoption

Retail wallets still represent 48.30% of 2024 revenue, but institutional momentum is unmistakable. Government entities are scaling at a 28.0% CAGR as treasury departments pilot CBDC disbursements and tokenized bond settlements. Financial institutions add crypto trading rails for millions of traditional customers—Germany’s Sparkassen-Finanzgruppe alone plans access for 50 million account holders under MiCA coverage. Large corporates diversify balance sheets with Bitcoin and stablecoin liquidity pools, enhancing working-capital efficiency and hedging inflation exposures. Seamless card-on-chain bridges from Mastercard and Coinbase further erode friction, nudging everyday consumers toward programmable money ecosystems.

Digital Currency Market: Market Share by End-User — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Application: Trading dominance challenged by utility applications

Trading and investment activities still commanded 46.50% of 2024 inflows, anchoring the digital currency market share. Yet M2M payments show the steepest trajectory at 37.5% CAGR as electric-vehicle chargers, smart meters, and industrial sensors settle micro-transactions autonomously. Cross-border remittances leverage stablecoins to shave fees and cut wait times for migrant workers sending funds home. Decentralized-finance (DeFi) protocols power supply-chain finance and automated compliance, expanding beyond pure speculation. Even non-fungible token (NFT) frameworks pivot from art hype to enterprise credentialing and ticketing, hinting at durable, utility-driven revenue streams.

Geography Analysis

Asia-Pacific generated 34.20% of 2024 receipts and processed 29% of global on-chain volume, propelled by 24% household crypto penetration. Singapore and Hong Kong supply licensing clarity, while Southeast Asian nations capitalize on mobile-first payment cultures. India’s e-rupee pilot at 5 million users underscores massive-scale CBDC feasibility; Japan and South Korea sustain deep liquidity pools under mature compliance codes.

Middle East and Africa represents the fastest-rising cluster with a 23.9% CAGR to 2030. Twenty-three sub-Saharan countries explore CBDCs as financial-inclusion levers; Nigeria’s eNaira and Ghana’s eCedi anchor early trials. The UAE and Saudi Arabia court service providers through sandbox schemes, and Bhutan collaborates with Binance Pay to capture high-value tourism spend. Regional public-sector enthusiasm offsets lower per-capita income, making MEA an outsized contributor to future digital currency market size gains.

North America and Europe exhibit high baseline volumes yet wrestle with divergent rulebooks. The US Strategic Bitcoin Reserve signals official asset-class endorsement, but overlapping state and federal statutes complicate nationwide rollouts. Europe’s MiCA delivers a single passport, letting Coinbase secure a CSSF license and instantly scale across the bloc. The net result is a shifting center of gravity: liquidity gravitates toward regimes offering both clarity and depth, while uncertainty diverts capital to compliant offshore hubs.

Digital Currency Market CAGR (%), Growth Rate by Region — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

Binance maintained between 38% and 50% of global spot volume in 2024, leveraging deep liquidity and a sprawling affiliate program. Regulatory probes in multiple jurisdictions did not materially dent its lead, though they did push the exchange to tighten know-your-customer processes. Bybit eclipsed Coinbase to claim 16% share after introducing zero-fee USDC pairs that attracted arbitrage desks and high-frequency traders.

Partnership plays dominate differentiation. Circle’s tie-up with Binance embeds USDC into exchange order books and 240 million consumer wallets, while its pending US trust-bank charter would anchor regulated stablecoin issuance under the Federal Reserve umbrella. Taurus joined forces with Temenos so that more than 3,000 banks running on Temenos Transact can activate custody modules through a software upgrade.

Traditional payment giants also converge on crypto rails. Mastercard’s Chainlink integration allows secure on-chain settlement finality, granting merchants real-time fiat conversion without absorber balance-sheet risk. Visa collaborates with Coinbase to enable instant crypto deposits that can be spent at 80 million acceptance points, stitching decentralized liquidity into everyday commerce.

Digital Currency Industry Leaders

Ripple Labs, Inc.
Binance Holdings Ltd.
Coinbase Global Inc.
Tether Holdings Ltd.
Circle Internet Financial Ltd.
*Disclaimer: Major Players sorted in no particular order

Digital Currency Market Concentration — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

March 2025: President Trump signed Executive Order 14233 establishing the Strategic Bitcoin Reserve that now holds 200,000 BTC as a sovereign store of value.
June 2025: Coinbase obtained a MiCA license from Luxembourg’s CSSF, unlocking regulated trading, custody, and payment services across the European Union.
June 2025: People’s Bank of China expanded the e-CNY pilot to 260 million wallets and USD 986 billion in cumulative turnover across 29 provinces.
October 2024: Coinbase and Visa launched real-time crypto deposits via eligible Visa debit cards for US and EU users.

Table of Contents for Digital Currency Industry Report

1. INTRODUCTION

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

4.1 Market Overview
4.2 Market Drivers
- 4.2.1 CBDC pilots move to large-scale issuance
- 4.2.2 Rapid migration from cash to mobile wallets
- 4.2.3 Stablecoin integration in cross-border B2B payments
- 4.2.4 Tokenization of real-world assets boosts collateral demand
- 4.2.5 Smart-contract-based machine-to-machine (M2M) payments
- 4.2.6 De-dollarization drives sovereign digital currency projects
4.3 Market Restraints
- 4.3.1 Regulatory fragmentation across jurisdictions
- 4.3.2 Cyber-security and private-key management risks
- 4.3.3 High energy use of proof-of-work chains
- 4.3.4 Quantum-computing threat to current cryptography
4.4 Value Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products
- 4.7.5 Intensity of Competitive Rivalry
4.8 Impact of Macroeconomic Trends

5. MARKET SIZE AND GROWTH FORECASTS (VALUE, USD)

5.1 By Component
- 5.1.1 Hardware
- 5.1.2 Software
5.2 By Currency Type
- 5.2.1 Central Bank Digital Currency (CBDC)
- 5.2.2 Stablecoins (Asset-backed)
- 5.2.3 Cryptocurrencies (Permissionless)
5.3 By End-User
- 5.3.1 Government and Public Sector
- 5.3.2 Financial Institutions
- 5.3.3 Enterprises (Non-financial)
- 5.3.4 Individual / Retail
5.4 By Application
- 5.4.1 Payments and Remittances
- 5.4.2 Trading and Investment
- 5.4.3 Decentralised Applications (DApps) and Smart Contracts
- 5.4.4 Others (NFTs, Gaming, Metaverse)
5.5 By Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 South America
- 5.5.2.1 Brazil
- 5.5.2.2 Argentina
- 5.5.2.3 Rest of South America
- 5.5.3 Europe
- 5.5.3.1 United Kingdom
- 5.5.3.2 Germany
- 5.5.3.3 France
- 5.5.3.4 Italy
- 5.5.3.5 Spain
- 5.5.3.6 Russia
- 5.5.3.7 Rest of Europe
- 5.5.4 Asia-Pacific
- 5.5.4.1 China
- 5.5.4.2 Japan
- 5.5.4.3 India
- 5.5.4.4 South Korea
- 5.5.4.5 Australia and New Zealand
- 5.5.4.6 Southeast Asia
- 5.5.4.7 Rest of Asia-Pacific
- 5.5.5 Middle East and Africa
- 5.5.5.1 Middle East
- 5.5.5.1.1 Saudi Arabia
- 5.5.5.1.2 UAE
- 5.5.5.1.3 Turkey
- 5.5.5.1.4 Rest of Middle East
- 5.5.5.2 Africa
- 5.5.5.2.1 South Africa
- 5.5.5.2.2 Nigeria
- 5.5.5.2.3 Egypt
- 5.5.5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
- 6.4.1 Binance Holdings Ltd.
- 6.4.2 Coinbase Global Inc.
- 6.4.3 Ripple Labs Inc.
- 6.4.4 Circle Internet Financial Ltd.
- 6.4.5 Tether Holdings Ltd.
- 6.4.6 Bitmain Technologies Holding Co.
- 6.4.7 MicroStrategy Inc.
- 6.4.8 PayPal Holdings Inc.
- 6.4.9 Block Inc. (Cash App)
- 6.4.10 Gemini Trust Company LLC
- 6.4.11 OKX (OK Group)
- 6.4.12 KuCoin Global Ltd.
- 6.4.13 Kraken Digital Asset Exchange
- 6.4.14 Huobi Global Ltd.
- 6.4.15 Bitfury Group Ltd.
- 6.4.16 BitGo Inc.
- 6.4.17 Fireblocks Inc.
- 6.4.18 Chainalysis Inc.
- 6.4.19 Ledger SAS
- 6.4.20 Anchorage Digital Bank NA
- 6.4.21 Advanced Micro Devices Inc. (Crypto GPUs)

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-space and Unmet-Need Assessment

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Global Digital Currency Market Report Scope

Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet.

The digital currency market is segmented by component (hardware, software), by type (centralized virtual currency, decentralized virtual currency), by end-user (enterprise, government, personal), by geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Component	Hardware
	Software
By Currency Type	Central Bank Digital Currency (CBDC)
	Stablecoins (Asset-backed)
	Cryptocurrencies (Permissionless)
By End-User	Government and Public Sector
	Financial Institutions
	Enterprises (Non-financial)
	Individual / Retail
By Application	Payments and Remittances
	Trading and Investment
	Decentralised Applications (DApps) and Smart Contracts
	Others (NFTs, Gaming, Metaverse)

By Geography	North America	United States
		Canada
		Mexico

	South America	Brazil
		Argentina
		Rest of South America

	Europe	United Kingdom
		Germany
		France
		Italy
		Spain
		Russia
		Rest of Europe

	Asia-Pacific	China
		Japan
		India
		South Korea
		Australia and New Zealand
		Southeast Asia
		Rest of Asia-Pacific

	Middle East and Africa	Middle East	Saudi Arabia
			UAE
			Turkey
			Rest of Middle East

		Africa	South Africa
			Nigeria
			Egypt
			Rest of Africa

By Component

Hardware

Software

By Currency Type

Central Bank Digital Currency (CBDC)

Stablecoins (Asset-backed)

Cryptocurrencies (Permissionless)

By End-User

Government and Public Sector

Financial Institutions

Enterprises (Non-financial)

Individual / Retail

By Application

Payments and Remittances

Trading and Investment

Decentralised Applications (DApps) and Smart Contracts

Others (NFTs, Gaming, Metaverse)

By Geography

North America	United States
	Canada
	Mexico
South America	Brazil
	Argentina
	Rest of South America
Europe	United Kingdom
	Germany
	France
	Italy
	Spain
	Russia
	Rest of Europe
Asia-Pacific	China
	Japan
	India
	South Korea
	Australia and New Zealand
	Southeast Asia
	Rest of Asia-Pacific

Middle East and Africa	Middle East	Saudi Arabia
		UAE
		Turkey
		Rest of Middle East

	Africa	South Africa
		Nigeria
		Egypt
		Rest of Africa

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Key Questions Answered in the Report

What is the projected value of the digital currency market by 2030?

The digital currency market size is expected to reach USD 60.78 billion by 2030.

Which region currently leads digital currency adoption?

Asia-Pacific leads with 34.20% of 2024 revenue and registers a 24% household crypto adoption rate.

Who are the dominant players in exchange trading?

Binance holds 38–50% market share, with Bybit and Coinbase following at 16% and lower double-digit figures, respectively.

Which application segment is growing the fastest?

Smart-contract-driven machine-to-machine payments are forecast to rise at a 37.5% CAGR through 2030.

Why are CBDCs gaining momentum?

Central banks deploy CBDCs to enhance financial inclusion, streamline monetary policy transmission, and offer programmable alternatives to private stablecoins.

Page last updated on: July 3, 2025