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Bitcoin Payment Ecosystem Market Share

Report ID: GMI7399
Published Date: Nov 2023
Report Format: PDF

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Bitcoin Payment Ecosystem Market Share

Major companies operating in the bitcoin payment ecosystem industry are:

BitPay
Blockchain.com, Inc.
Coinbase Global, Inc.
CoinGate
MoonPay USA LLC
PayPal Holdings, Inc.
VeriFone, Inc.

VeriFone, Inc. and PayPal Holdings, Inc. are among the dominating players in the bitcoin payment ecosystem market with around 0.5% revenue share. Major companies in the bitcoin payment ecosystem industry are intensely competing for market shares through consistent advancements in crypto payment technology, product innovation, strategic partnerships, strategic business expansion, and by attracting substantial investments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bitcoin payment ecosystem reached USD 1.1 trillion in revenue in 2022 and is poised to expand at over 17% CAGR from 2023 to 2032, due to surging number of series funding for payment service startups for driving innovations and expansion.

The hardware segment accounted for around 45% market share in 2022, driven by the rising partnerships for facilitating cryptocurrency payments through Point of Sale (POS) systems and ATMs.

Asia Pacific market was valued at USD 334.5 billion in revenue in 2022, owing to the rising acceptance of bitcoin due to its advantages over traditional payment methods.

Some of the top bitcoin payment ecosystem firms are BitPay Blockchain.com, Inc., Coinbase Global, Inc., CoinGate, MoonPay USA LLC, PayPal Holdings, Inc., and VeriFone, Inc.