Cryptocurrency Market Expands as Financial Institutions Explore Blockchain Applications [TMCNEWS]


According to data compiled by Coherent Market Insights, the cryptocurrency mining market was valued at USD 610.91 Million in 2016. The market is expected to top USD 38.38 Billion by 2025 while growing at a compound annual growth rate (CAGR) of 29.7%. The rapid growth can be attributed to the rising adoption of cryptocurrency. Revenue from cryptocurrency mining comes from two sources, including block rewards and transaction fees in return to their efforts to process transactions through digital currency exploration systems.

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