Shanghai-based research firm Facts and Factors has in its latest market research referred to Ripple Labs, Inc. and Coinbase, Inc. as major players dominating the cryptocurrency industry.
The over 190 pages report contained an analysis of various important information about the crypto industry. Analysis of data like market size and outlook, historical and current trends as well as forecasts for the market through 2020–2026 were contained in the report.
The six years prediction done by the research firm was based on the market demand for cryptocurrency, its growth, and opportunities.
With regards to latest improvements introduced into the crypto market, the Facts & Factors Market Research report listed Ripple, Coinbase, BitPay, Bitstamp and Bitfinex as major players in reigning in the sector.
Other companies listed in the report as major players include Unocoin Technologies Private Limited, Bitfury Group Limited, Circle Internet Financial Limited, OKEx, and BitGo, among others.
According to the report, the key players in the industry were also selected based on their limitations and power via SWOT analysis, as well as their growth in the market.
The report contains other information like profiting suggestions to existing and potential players in the market to help boost their activities and expansion of the market in the future.
The cryptocurrency industry continues to grow endlessly with adoptions from the nooks and crannies of the world. Many are hoping that crypto assets would take over the fiat financial system one day.
Meanwhile, cryptocurrency has offered varieties of solutions to most of the problems we face daily while using the banking system which many now brand as being archaic.