Global Bitcoin Payments Market Research Report 2023

Bitcoin Payments Market

Bitcoin payment services provide a globalized transaction network that allows fast & efficient transfer of bitcoin across the globe. The payments for bitcoins are executed via smartphones and tablets. Moreover, bitcoin transactions are considered relatively cheaper, owing to lower transaction fees. With these features, a retailer and other users obtains a secure and credible identity in digital world of crypto-currencies.

The global Bitcoin Payments market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Bitcoin Payments is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Bitcoin Payments is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Bitcoin Payments in E-commerce is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Bitcoin Payments include Coinpayments, Inc, BitPay, Coinbase, CoinGate, Spectro Finance Ltd, GoUrl.io, GaragePreneurs Internet Pvt Ltd, GoCoin LLC and Shopify Inc, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Bitcoin Payments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bitcoin Payments.

The Bitcoin Payments market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Bitcoin Payments market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Bitcoin Payments companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Scope of Bitcoin Payments Market Report

Core Chapters

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Bitcoin Payments Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Hardware

1.2.3 Software

1.2.4 Service

1.3 Market by Application

1.3.1 Global Bitcoin Payments Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 E-commerce

1.3.3 Retail

1.3.4 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Bitcoin Payments Market Perspective (2018-2029)

2.2 Bitcoin Payments Growth Trends by Region

2.2.1 Global Bitcoin Payments Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Bitcoin Payments Historic Market Size by Region (2018-2023)

2.2.3 Bitcoin Payments Forecasted Market Size by Region (2024-2029)

2.3 Bitcoin Payments Market Dynamics

2.3.1 Bitcoin Payments Industry Trends

2.3.2 Bitcoin Payments Market Drivers

2.3.3 Bitcoin Payments Market Challenges

2.3.4 Bitcoin Payments Market Restraints

3.1 Global Top Bitcoin Payments Players by Revenue

3.1.1 Global Top Bitcoin Payments Players by Revenue (2018-2023)

3.1.2 Global Bitcoin Payments Revenue Market Share by Players (2018-2023)

3.2 Global Bitcoin Payments Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Bitcoin Payments Revenue

3.4 Global Bitcoin Payments Market Concentration Ratio

3.4.1 Global Bitcoin Payments Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Bitcoin Payments Revenue in 2022

3.5 Bitcoin Payments Key Players Head office and Area Served

3.6 Key Players Bitcoin Payments Product Solution and Service

3.7 Date of Enter into Bitcoin Payments Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Bitcoin Payments Historic Market Size by Type (2018-2023)

4.2 Global Bitcoin Payments Forecasted Market Size by Type (2024-2029)

5.1 Global Bitcoin Payments Historic Market Size by Application (2018-2023)

5.2 Global Bitcoin Payments Forecasted Market Size by Application (2024-2029)

6.1 North America Bitcoin Payments Market Size (2018-2029)

6.2 North America Bitcoin Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Bitcoin Payments Market Size by Country (2018-2023)

6.4 North America Bitcoin Payments Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Bitcoin Payments Market Size (2018-2029)

7.2 Europe Bitcoin Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Bitcoin Payments Market Size by Country (2018-2023)

7.4 Europe Bitcoin Payments Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Bitcoin Payments Market Size (2018-2029)

8.2 Asia-Pacific Bitcoin Payments Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Bitcoin Payments Market Size by Region (2018-2023)

8.4 Asia-Pacific Bitcoin Payments Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Bitcoin Payments Market Size (2018-2029)

9.2 Latin America Bitcoin Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Bitcoin Payments Market Size by Country (2018-2023)

9.4 Latin America Bitcoin Payments Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Bitcoin Payments Market Size (2018-2029)

10.2 Middle East & Africa Bitcoin Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Bitcoin Payments Market Size by Country (2018-2023)

10.4 Middle East & Africa Bitcoin Payments Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Coinpayments, Inc

11.1.1 Coinpayments, Inc Company Detail

11.1.2 Coinpayments, Inc Business Overview

11.1.3 Coinpayments, Inc Bitcoin Payments Introduction

11.1.4 Coinpayments, Inc Revenue in Bitcoin Payments Business (2018-2023)

11.1.5 Coinpayments, Inc Recent Development

11.2 BitPay

11.2.1 BitPay Company Detail

11.2.2 BitPay Business Overview

11.2.3 BitPay Bitcoin Payments Introduction

11.2.4 BitPay Revenue in Bitcoin Payments Business (2018-2023)

11.2.5 BitPay Recent Development

11.3 Coinbase

11.3.1 Coinbase Company Detail

11.3.2 Coinbase Business Overview

11.3.3 Coinbase Bitcoin Payments Introduction

11.3.4 Coinbase Revenue in Bitcoin Payments Business (2018-2023)

11.3.5 Coinbase Recent Development

11.4 CoinGate

11.4.1 CoinGate Company Detail

11.4.2 CoinGate Business Overview

11.4.3 CoinGate Bitcoin Payments Introduction

11.4.4 CoinGate Revenue in Bitcoin Payments Business (2018-2023)

11.4.5 CoinGate Recent Development

11.5 Spectro Finance Ltd

11.5.1 Spectro Finance Ltd Company Detail

11.5.2 Spectro Finance Ltd Business Overview

11.5.3 Spectro Finance Ltd Bitcoin Payments Introduction

11.5.4 Spectro Finance Ltd Revenue in Bitcoin Payments Business (2018-2023)

11.5.5 Spectro Finance Ltd Recent Development

11.6 GoUrl.io

11.6.1 GoUrl.io Company Detail

11.6.2 GoUrl.io Business Overview

11.6.3 GoUrl.io Bitcoin Payments Introduction

11.6.4 GoUrl.io Revenue in Bitcoin Payments Business (2018-2023)

11.6.5 GoUrl.io Recent Development

11.7 GaragePreneurs Internet Pvt Ltd

11.7.1 GaragePreneurs Internet Pvt Ltd Company Detail

11.7.2 GaragePreneurs Internet Pvt Ltd Business Overview

11.7.3 GaragePreneurs Internet Pvt Ltd Bitcoin Payments Introduction

11.7.4 GaragePreneurs Internet Pvt Ltd Revenue in Bitcoin Payments Business (2018-2023)

11.7.5 GaragePreneurs Internet Pvt Ltd Recent Development

11.8 GoCoin LLC

11.8.1 GoCoin LLC Company Detail

11.8.2 GoCoin LLC Business Overview

11.8.3 GoCoin LLC Bitcoin Payments Introduction

11.8.4 GoCoin LLC Revenue in Bitcoin Payments Business (2018-2023)

11.8.5 GoCoin LLC Recent Development

11.9 Shopify Inc

11.9.1 Shopify Inc Company Detail

11.9.2 Shopify Inc Business Overview

11.9.3 Shopify Inc Bitcoin Payments Introduction

11.9.4 Shopify Inc Revenue in Bitcoin Payments Business (2018-2023)

11.9.5 Shopify Inc Recent Development

11.10 CoinsBank

11.10.1 CoinsBank Company Detail

11.10.2 CoinsBank Business Overview

11.10.3 CoinsBank Bitcoin Payments Introduction

11.10.4 CoinsBank Revenue in Bitcoin Payments Business (2018-2023)

11.10.5 CoinsBank Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Bitcoin Payments Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Hardware

    Table 3. Key Players of Software

    Table 4. Key Players of Service

    Table 5. Global Bitcoin Payments Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Bitcoin Payments Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Bitcoin Payments Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Bitcoin Payments Market Share by Region (2018-2023)

    Table 9. Global Bitcoin Payments Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Bitcoin Payments Market Share by Region (2024-2029)

    Table 11. Bitcoin Payments Market Trends

    Table 12. Bitcoin Payments Market Drivers

    Table 13. Bitcoin Payments Market Challenges

    Table 14. Bitcoin Payments Market Restraints

    Table 15. Global Bitcoin Payments Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Bitcoin Payments Market Share by Players (2018-2023)

    Table 17. Global Top Bitcoin Payments Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Bitcoin Payments as of 2022)

    Table 18. Ranking of Global Top Bitcoin Payments Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Bitcoin Payments Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Bitcoin Payments Product Solution and Service

    Table 22. Date of Enter into Bitcoin Payments Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Bitcoin Payments Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Bitcoin Payments Revenue Market Share by Type (2018-2023)

    Table 26. Global Bitcoin Payments Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Bitcoin Payments Revenue Market Share by Type (2024-2029)

    Table 28. Global Bitcoin Payments Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Bitcoin Payments Revenue Market Share by Application (2018-2023)

    Table 30. Global Bitcoin Payments Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Bitcoin Payments Revenue Market Share by Application (2024-2029)

    Table 32. North America Bitcoin Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Bitcoin Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Bitcoin Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Bitcoin Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Bitcoin Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Bitcoin Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Bitcoin Payments Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Bitcoin Payments Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Bitcoin Payments Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Bitcoin Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Bitcoin Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Bitcoin Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Bitcoin Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Bitcoin Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Bitcoin Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Coinpayments, Inc Company Detail

    Table 48. Coinpayments, Inc Business Overview

    Table 49. Coinpayments, Inc Bitcoin Payments Product

    Table 50. Coinpayments, Inc Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 51. Coinpayments, Inc Recent Development

    Table 52. BitPay Company Detail

    Table 53. BitPay Business Overview

    Table 54. BitPay Bitcoin Payments Product

    Table 55. BitPay Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 56. BitPay Recent Development

    Table 57. Coinbase Company Detail

    Table 58. Coinbase Business Overview

    Table 59. Coinbase Bitcoin Payments Product

    Table 60. Coinbase Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 61. Coinbase Recent Development

    Table 62. CoinGate Company Detail

    Table 63. CoinGate Business Overview

    Table 64. CoinGate Bitcoin Payments Product

    Table 65. CoinGate Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 66. CoinGate Recent Development

    Table 67. Spectro Finance Ltd Company Detail

    Table 68. Spectro Finance Ltd Business Overview

    Table 69. Spectro Finance Ltd Bitcoin Payments Product

    Table 70. Spectro Finance Ltd Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 71. Spectro Finance Ltd Recent Development

    Table 72. GoUrl.io Company Detail

    Table 73. GoUrl.io Business Overview

    Table 74. GoUrl.io Bitcoin Payments Product

    Table 75. GoUrl.io Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 76. GoUrl.io Recent Development

    Table 77. GaragePreneurs Internet Pvt Ltd Company Detail

    Table 78. GaragePreneurs Internet Pvt Ltd Business Overview

    Table 79. GaragePreneurs Internet Pvt Ltd Bitcoin Payments Product

    Table 80. GaragePreneurs Internet Pvt Ltd Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 81. GaragePreneurs Internet Pvt Ltd Recent Development

    Table 82. GoCoin LLC Company Detail

    Table 83. GoCoin LLC Business Overview

    Table 84. GoCoin LLC Bitcoin Payments Product

    Table 85. GoCoin LLC Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 86. GoCoin LLC Recent Development

    Table 87. Shopify Inc Company Detail

    Table 88. Shopify Inc Business Overview

    Table 89. Shopify Inc Bitcoin Payments Product

    Table 90. Shopify Inc Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 91. Shopify Inc Recent Development

    Table 92. CoinsBank Company Detail

    Table 93. CoinsBank Business Overview

    Table 94. CoinsBank Bitcoin Payments Product

    Table 95. CoinsBank Revenue in Bitcoin Payments Business (2018-2023) & (US$ Million)

    Table 96. CoinsBank Recent Development

    Table 97. Research Programs/Design for This Report

    Table 98. Key Data Information from Secondary Sources

    Table 99. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Bitcoin Payments Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Bitcoin Payments Market Share by Type: 2022 VS 2029

    Figure 3. Hardware Features

    Figure 4. Software Features

    Figure 5. Service Features

    Figure 6. Global Bitcoin Payments Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Bitcoin Payments Market Share by Application: 2022 VS 2029

    Figure 8. E-commerce Case Studies

    Figure 9. Retail Case Studies

    Figure 10. Others Case Studies

    Figure 11. Bitcoin Payments Report Years Considered

    Figure 12. Global Bitcoin Payments Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 13. Global Bitcoin Payments Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Bitcoin Payments Market Share by Region: 2022 VS 2029

    Figure 15. Global Bitcoin Payments Market Share by Players in 2022

    Figure 16. Global Top Bitcoin Payments Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Bitcoin Payments as of 2022)

    Figure 17. The Top 10 and 5 Players Market Share by Bitcoin Payments Revenue in 2022

    Figure 18. North America Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. North America Bitcoin Payments Market Share by Country (2018-2029)

    Figure 20. United States Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Canada Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Bitcoin Payments Market Share by Country (2018-2029)

    Figure 24. Germany Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. France Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. U.K. Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Italy Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Russia Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Nordic Countries Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Bitcoin Payments Market Share by Region (2018-2029)

    Figure 32. China Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Japan Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. South Korea Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Southeast Asia Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. India Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Australia Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Bitcoin Payments Market Share by Country (2018-2029)

    Figure 40. Mexico Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Brazil Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Bitcoin Payments Market Share by Country (2018-2029)

    Figure 44. Turkey Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Saudi Arabia Bitcoin Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Coinpayments, Inc Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 47. BitPay Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 48. Coinbase Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 49. CoinGate Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 50. Spectro Finance Ltd Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 51. GoUrl.io Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 52. GaragePreneurs Internet Pvt Ltd Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 53. GoCoin LLC Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 54. Shopify Inc Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 55. CoinsBank Revenue Growth Rate in Bitcoin Payments Business (2018-2023)

    Figure 56. Bottom-up and Top-down Approaches for This Report

    Figure 57. Data Triangulation

    Figure 58. Key Executives Interviewed