According to analysis by global market research company Technavio, the global cryptocurrency market size is expected to grow by $1.81578 billion from 2022 to 2027.

The market is expected to grow at a CAGR of 15.81% during the forecast period, with the North American market accounting for 48% of the global market growth.

Technavio pointed out that the growing demand for digital payments has driven the growth of the North American cryptocurrency market, with the United States ranking the highest for growth, with approximately 8% of Americans having conducted cryptocurrency transactions.