Global Bitcoin Market Research Report 2023

Bitcoin (₿) is the world's first cryptocurrency, a form of electronic cash.It is the first decentralized digital currency: the system was designed to work without a central bank or single administrator.Bitcoins are sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries.These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.

The global Bitcoin 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.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

This report analyzes the worldwide markets for Bitcoin in US$ by following Product Segments.: Exploring, Payment and E-commerce

Company profiles are primarily based on public domain information including company

ANX

Binance

Bitfinex

Bitcoin Suisse AG

BitGo

BitPay

BitPesa

Bitstamp

Bitwage

Bitwala

Blockstream

Huobi

Others

This report aims to provide a comprehensive presentation of the global market for Bitcoin, 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.

The Bitcoin 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 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 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.

1.1 Study Scope

1.2 Market Analysis by Type

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

1.2.2 Exploring

1.2.3 Payment

1.2.4 E-commerce

1.3 Market by Application

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

1.3.2 Exchanging

1.3.3 Investment

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Bitcoin Market Perspective (2018-2029)

2.2 Bitcoin Growth Trends by Region

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

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

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

2.3 Bitcoin Market Dynamics

2.3.1 Bitcoin Industry Trends

2.3.2 Bitcoin Market Drivers

2.3.3 Bitcoin Market Challenges

2.3.4 Bitcoin Market Restraints

3.1 Global Top Bitcoin Players by Revenue

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

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

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

3.3 Players Covered: Ranking by Bitcoin Revenue

3.4 Global Bitcoin Market Concentration Ratio

3.4.1 Global Bitcoin Market Concentration Ratio (CR5 and HHI)

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

3.5 Bitcoin Key Players Head office and Area Served

3.6 Key Players Bitcoin Product Solution and Service

3.7 Date of Enter into Bitcoin Market

3.8 Mergers & Acquisitions, Expansion Plans

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

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

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

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

6.1 North America Bitcoin Market Size (2018-2029)

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

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

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

6.5 United States

6.6 Canada

7.1 Europe Bitcoin Market Size (2018-2029)

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

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

7.4 Europe Bitcoin 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 Market Size (2018-2029)

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

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

8.4 Asia-Pacific Bitcoin 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 Market Size (2018-2029)

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

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

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

9.5 Mexico

9.6 Brazil

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

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

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

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

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 ANX

11.1.1 ANX Company Detail

11.1.2 ANX Business Overview

11.1.3 ANX Bitcoin Introduction

11.1.4 ANX Revenue in Bitcoin Business (2018-2023)

11.1.5 ANX Recent Development

11.2 Binance

11.2.1 Binance Company Detail

11.2.2 Binance Business Overview

11.2.3 Binance Bitcoin Introduction

11.2.4 Binance Revenue in Bitcoin Business (2018-2023)

11.2.5 Binance Recent Development

11.3 Bitfinex

11.3.1 Bitfinex Company Detail

11.3.2 Bitfinex Business Overview

11.3.3 Bitfinex Bitcoin Introduction

11.3.4 Bitfinex Revenue in Bitcoin Business (2018-2023)

11.3.5 Bitfinex Recent Development

11.4 Bitcoin Suisse AG

11.4.1 Bitcoin Suisse AG Company Detail

11.4.2 Bitcoin Suisse AG Business Overview

11.4.3 Bitcoin Suisse AG Bitcoin Introduction

11.4.4 Bitcoin Suisse AG Revenue in Bitcoin Business (2018-2023)

11.4.5 Bitcoin Suisse AG Recent Development

11.5 BitGo

11.5.1 BitGo Company Detail

11.5.2 BitGo Business Overview

11.5.3 BitGo Bitcoin Introduction

11.5.4 BitGo Revenue in Bitcoin Business (2018-2023)

11.5.5 BitGo Recent Development

11.6 BitPay

11.6.1 BitPay Company Detail

11.6.2 BitPay Business Overview

11.6.3 BitPay Bitcoin Introduction

11.6.4 BitPay Revenue in Bitcoin Business (2018-2023)

11.6.5 BitPay Recent Development

11.7 BitPesa

11.7.1 BitPesa Company Detail

11.7.2 BitPesa Business Overview

11.7.3 BitPesa Bitcoin Introduction

11.7.4 BitPesa Revenue in Bitcoin Business (2018-2023)

11.7.5 BitPesa Recent Development

11.8 Bitstamp

11.8.1 Bitstamp Company Detail

11.8.2 Bitstamp Business Overview

11.8.3 Bitstamp Bitcoin Introduction

11.8.4 Bitstamp Revenue in Bitcoin Business (2018-2023)

11.8.5 Bitstamp Recent Development

11.9 Bitwage

11.9.1 Bitwage Company Detail

11.9.2 Bitwage Business Overview

11.9.3 Bitwage Bitcoin Introduction

11.9.4 Bitwage Revenue in Bitcoin Business (2018-2023)

11.9.5 Bitwage Recent Development

11.10 Bitwala

11.10.1 Bitwala Company Detail

11.10.2 Bitwala Business Overview

11.10.3 Bitwala Bitcoin Introduction

11.10.4 Bitwala Revenue in Bitcoin Business (2018-2023)

11.10.5 Bitwala Recent Development

11.11 Blockstream

11.11.1 Blockstream Company Detail

11.11.2 Blockstream Business Overview

11.11.3 Blockstream Bitcoin Introduction

11.11.4 Blockstream Revenue in Bitcoin Business (2018-2023)

11.11.5 Blockstream Recent Development

11.12 Huobi

11.12.1 Huobi Company Detail

11.12.2 Huobi Business Overview

11.12.3 Huobi Bitcoin Introduction

11.12.4 Huobi Revenue in Bitcoin Business (2018-2023)

11.12.5 Huobi 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 Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Exploring

    Table 3. Key Players of Payment

    Table 4. Key Players of E-commerce

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

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

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

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

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

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

    Table 11. Bitcoin Market Trends

    Table 12. Bitcoin Market Drivers

    Table 13. Bitcoin Market Challenges

    Table 14. Bitcoin Market Restraints

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

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

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

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

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

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Bitcoin Product Solution and Service

    Table 22. Date of Enter into Bitcoin Market

    Table 23. Mergers & Acquisitions, Expansion Plans

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Table 47. ANX Company Detail

    Table 48. ANX Business Overview

    Table 49. ANX Bitcoin Product

    Table 50. ANX Revenue in Bitcoin Business (2018-2023) & (US$ Million)

    Table 51. ANX Recent Development

    Table 52. Binance Company Detail

    Table 53. Binance Business Overview

    Table 54. Binance Bitcoin Product

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

    Table 56. Binance Recent Development

    Table 57. Bitfinex Company Detail

    Table 58. Bitfinex Business Overview

    Table 59. Bitfinex Bitcoin Product

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

    Table 61. Bitfinex Recent Development

    Table 62. Bitcoin Suisse AG Company Detail

    Table 63. Bitcoin Suisse AG Business Overview

    Table 64. Bitcoin Suisse AG Bitcoin Product

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

    Table 66. Bitcoin Suisse AG Recent Development

    Table 67. BitGo Company Detail

    Table 68. BitGo Business Overview

    Table 69. BitGo Bitcoin Product

    Table 70. BitGo Revenue in Bitcoin Business (2018-2023) & (US$ Million)

    Table 71. BitGo Recent Development

    Table 72. BitPay Company Detail

    Table 73. BitPay Business Overview

    Table 74. BitPay Bitcoin Product

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

    Table 76. BitPay Recent Development

    Table 77. BitPesa Company Detail

    Table 78. BitPesa Business Overview

    Table 79. BitPesa Bitcoin Product

    Table 80. BitPesa Revenue in Bitcoin Business (2018-2023) & (US$ Million)

    Table 81. BitPesa Recent Development

    Table 82. Bitstamp Company Detail

    Table 83. Bitstamp Business Overview

    Table 84. Bitstamp Bitcoin Product

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

    Table 86. Bitstamp Recent Development

    Table 87. Bitwage Company Detail

    Table 88. Bitwage Business Overview

    Table 89. Bitwage Bitcoin Product

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

    Table 91. Bitwage Recent Development

    Table 92. Bitwala Company Detail

    Table 93. Bitwala Business Overview

    Table 94. Bitwala Bitcoin Product

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

    Table 96. Bitwala Recent Development

    Table 97. Blockstream Company Detail

    Table 98. Blockstream Business Overview

    Table 99. Blockstream Bitcoin Product

    Table 100. Blockstream Revenue in Bitcoin Business (2018-2023) & (US$ Million)

    Table 101. Blockstream Recent Development

    Table 102. Huobi Company Detail

    Table 103. Huobi Business Overview

    Table 104. Huobi Bitcoin Product

    Table 105. Huobi Revenue in Bitcoin Business (2018-2023) & (US$ Million)

    Table 106. Huobi Recent Development

    Table 107. Research Programs/Design for This Report

    Table 108. Key Data Information from Secondary Sources

    Table 109. Key Data Information from Primary Sources

List of Figures

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

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

    Figure 3. Exploring Features

    Figure 4. Payment Features

    Figure 5. E-commerce Features

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

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

    Figure 8. Exchanging Case Studies

    Figure 9. Investment Case Studies

    Figure 10. Bitcoin Report Years Considered

    Figure 11. Global Bitcoin Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global Bitcoin Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Bitcoin Market Share by Region: 2022 VS 2029

    Figure 14. Global Bitcoin Market Share by Players in 2022

    Figure 15. Global Top Bitcoin Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Bitcoin as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by Bitcoin Revenue in 2022

    Figure 17. North America Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America Bitcoin Market Share by Country (2018-2029)

    Figure 19. United States Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

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

    Figure 22. Europe Bitcoin Market Share by Country (2018-2029)

    Figure 23. Germany Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

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

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

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

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

    Figure 29. Asia-Pacific Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Bitcoin Market Share by Region (2018-2029)

    Figure 31. China Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

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

    Figure 34. Southeast Asia Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

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

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

    Figure 38. Latin America Bitcoin Market Share by Country (2018-2029)

    Figure 39. Mexico Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

    Figure 41. Middle East & Africa Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Bitcoin Market Share by Country (2018-2029)

    Figure 43. Turkey Bitcoin Market Size YoY Growth (2018-2029) & (US$ Million)

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

    Figure 45. ANX Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 46. Binance Revenue Growth Rate in Bitcoin Business (2018-2023)

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

    Figure 48. Bitcoin Suisse AG Revenue Growth Rate in Bitcoin Business (2018-2023)

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

    Figure 50. BitPay Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 51. BitPesa Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 52. Bitstamp Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 53. Bitwage Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 54. Bitwala Revenue Growth Rate in Bitcoin Business (2018-2023)

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

    Figure 56. Huobi Revenue Growth Rate in Bitcoin Business (2018-2023)

    Figure 57. Bottom-up and Top-down Approaches for This Report

    Figure 58. Data Triangulation

    Figure 59. Key Executives Interviewed