Ranking list of the world's top ten currency BIAN trading platforms (the world's top 10 currency trading platforms)

Source: Financial Tiger Net Author: Kanazawa/Translated

The popular currency’s appeal as a safe haven and store of wealth has soared in recent months as inflation climbs and amid volatile markets , institutional investors’ interest in cryptocurrencies continues to grow. Crypto information company Chainalysis disclosed in an April 20 report that global crypto investors achieved total gains of $162.7 billion in 2021, up from $35.5 billion the previous year. The United States leads the rest of the world with more than $47 billion in revenue, followed by the United Kingdom, Germany, and Japan.

One interesting thing highlighted in the report is that countries that don’t rank high on traditional measures of economic prosperity, such as GDP, typically outperform in the crypto space, which may be a stark indication of the capabilities of revolutionary blockchain technology remind. For example, Turkey, which ranks first in the world in terms of GDP, achieved cryptocurrency revenue of US$4.6 billion, ranking sixth. Ukraine ranks 40th in GDP, but ranks 3rd in cryptocurrency revenue, at $2.8 billion.

The report also discusses in detail the development of cryptocurrency, one of the largest cryptocurrency markets in the world. In 2021, ** estimated total realized cryptocurrency gains were $5.1 billion, up from $1.7 billion in 2020. **Blockchain technology is regulated, but the annual growth rate is a whopping 194%, which is lower than other cryptocurrencies such as the United States (476%), the United Kingdom (431%) and Germany (423%)**.

Emerging Trends: Ethereum Edges Bitcoin, NFTs**

Another emerging theme in the crypto industry is the performance of Ethereum, the second most popular currency backed by Mastercard (NYSE: MA ), PayPal Holdings, Inc. (NASDAQ: PYPL) and Block, Inc. (NYSE: SQ), among others, have gained mainstream recognition for their efforts. According to Chainalysis, total global realized gains for Ethereum are $76.3 billion, compared with $74.7 billion for Bitcoin. Some experts have previously predicted that Ethereum is a better long-term investment than Bitcoin.

For example, tallygreenberg, director of business development at encryption company Allnodes, believes that "the technical advantages and utility of the Ethereum blockchain are far greater than Bitcoin." Megan Kaspar, managing director at asset management firm Magnetic, predicts that institutional investors will turn to Ethereum as the importance of new updates to the network becomes increasingly apparent, including a shift to greener mining options.

In the field of encryption, the irreplaceable market is also growing rapidly. NFTs are just one way blockchain technology is reshaping the world around us. NFTs are non-fungible units of data stored on a blockchain, a form of digital ledger, and can be sold and traded. Some examples include photos, videos, and audio in digital form. A recent report from Nonfungible noted that trading volume in NFTs climbed to nearly $18 billion last year, a 21,000% increase from 2020.

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