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Follow on Google News | United Kingdom Bitcoin Exchange Market ReportGlobal Cryptocurrency and Bitcoin Market Future Outlook and Projections
By: KEN Research 
Global- Global Cryptocurrency Market The cryptocurrency market is composed of many important intermediaries and groups and this industry has influenced four major sectors including Exchanges, Wallets, Payment Companies and Mining. The global cryptocurrency market is still in its growing phase as the major currencies are gaining prominence in the market. With the introduction of bitcoin, other digital currencies followed the market such as Ethereum, Litecoin, Dash, Monero and others. The prominence and popularity of crypto currency technology quickly spread through the general public as means to store and transfer wealth, as well as engage in secure e-commerce. It was witnessed that the global crypto currency market capitalization augmented from USD ~ billion on 2nd January, 2014 to USD ~ billion on 4th December 2017 at a CAGR of ~% during 2014-2017. Growth in the crypto currency market has been driven largely by investors counting in technology infrastructure, and other investors seeking to profit from price fluctuations, rather than by consumers actually using crypto currency. Global Bitcoin Market Global bitcoin market capitalization has increased from USD ~ billion on 1st January 2011 to USD ~ billion on 4th December 2017 at a CAGR of ~% during 2011-2017. The market of bitcoins surged during 2017 at a very high pace majorly owing to soaring demand in the Asian countries. Increasing market value of bitcoin and increasing awareness around the globe will result in market growth in the future. Global Cryptocurrency Market Cap Segmentation Bitcoin is the market leader in terms of market cap dominating the crypto currency market around the globe. During 2017, bitcoin accounted for ~% of the overall market cap among all the crypto currencies in the world. Over the years market price of a single Bitcoin fluctuated from below USD ~ on 1st January 2010 to over USD ~ on 4th December 2017. The highly volatile price has made Bitcoin an attractive investment alternative for traders seeking to profit from the market. Ethereum accounted for ~% of the overall global crypto currency market cap on 4th December 2017. Like Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized currency, with no central bank and requires no trusted third parties to operate. Bitcoin cash accounted for a share of ~% of the overall cryptocurrency market on 4th December 2017. Competitive Scenario in the Global Cryptocurrency Market The cryptocurrency market is fragmented as the currency can be developed anonymously by anyone and launched in the market. Increasing awareness and demand of the currency increases the market value of currency. The mining companies in the network are dependent on financial institution websites for their marketing and as increasing number of users register on their (mining companies') portal and trade, the mining companies earn revenues. The payment methods and reward system in all the companies are majorly same and companies do not provide special offerings to attract users to their websites as they are aware that a user will be willing to join only if he is interested in the cryptocurrency. AntPool is the leading mining pool in the global cryptocurrency market accounting for ~% of the overall market share during 2017. F2Pool followed AntPool in terms of number of blocks mined during 2017. F2Pool accounted for ~% of the overall market share during 2017. F2Pool is a Chinese mining pool, also referred to as "Discus Fish" which was opened on May 5, 2013. BitFury followed F2Pool in terms of number of blocks mined during 2017. BitFury accounted for ~% of the overall market share by number of blocks mined during 2017. BTCC Pool followed BitFury in terms of number of blocks mined during 2017. BTCC Pool accounted for ~% of the total number of blocked mined during 2017 around the globe. Headquartered in Hong Kong, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and technological innovation. Other major players in the mining industry included ViaBTC, BW.com, SlushPool, HaoBTC and others. To know more about the publication, click on the link below: https://www.kenresearch.com/ Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com End
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