According to Future Market Insights research, during the projected period, the Global Crypto Payments market is expected to grow at a CAGR of 14.1%. The market value is projected to increase from US$ 1,294.1 Mn in 2023 to US$ 4,853.8 Mn by 2033. The Crypto payments market was valued at US$ 1,150.3 Mn at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 12.8% in 2023.
Other Drivers Propelling the Demand for Crypto Payment Gateways include:
Challenges for Companies /Manufacturers in the Crypto Payment Gateways Market:
Opportunities in the Crypto Payment Gateways Industry:
Latest Trends in the Crypto Payment Gateways Market:
| Attributes | Details |
|---|---|
| Crypto Payment Gateways Market Size (2023) | US$ 1,294.1 million |
| Crypto Payment Gateways Market Projected Size (2033) | US$ 4,853.8 million |
| Value CAGR (2023 to 2033) | 14.1% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From 2018 to 2022, the global crypto payment gateways market experienced a CAGR of 12.0%, reaching a market size of US$ 1,294.1 million in 2023.
From 2018 to 2022, The growth of the crypto payment gateway market is driven by the increasing popularity of cryptocurrencies, the growing number of businesses accepting cryptocurrencies, and the increasing regulatory clarity around cryptocurrencies.
Businesses that offer crypto payment options will be able to attract new customers and increase their sales, while businesses that provide crypto-based financial services, such as crypto lending and crypto trading, will also benefit from the growing demand for these services. These factors are driving the growth of the crypto payment gateway market, which is creating a number of opportunities for businesses.
Looking ahead, the global crypto payment gateways industry is expected to rise at a CAGR of 14.1% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 4,853.8 million.
Moving forward, from 2023 to 2033, The crypto payment gateway market is growing rapidly due to the popularity of cryptocurrencies, the growing number of businesses accepting cryptocurrencies, and the increasing regulatory clarity around cryptocurrencies. Businesses that are able to offer crypto payment options will be able to attract new customers and increase their sales, while businesses that provide crypto-based financial services will also benefit from the growing demand.
The key trends that are expected to shape the future of the crypto payment gateway market include the increasing adoption of cryptocurrencies by consumers and businesses, the growing number of crypto-based financial services, the increasing regulatory clarity around cryptocurrencies, and the development of new technologies, such as blockchain and smart contracts.
Businesses that are able to keep up with the latest trends will be well-positioned to succeed in this market.
Principal Consultant
| Country | The United States |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.34 billion |
| CAGR % 2023 to End of Forecast (2033) | 13.2% |
The United States has seen significant cryptocurrency adoption, creating an opportunity for crypto payments gateways to cater to the growing demand. The regulatory environment in the United States is evolving, and compliance with regulatory requirements is essential. The United States has a mature e-commerce market, and crypto payments gateways can capitalize on this by providing secure and seamless cryptocurrency payment options.
The United States is also a hub for technological innovation, creating opportunities for crypto payments gateways to collaborate with fintech companies, tech giants, and blockchain startups to develop advanced payment solutions.
| Country | The United Kingdom |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.44 billion |
| CAGR % 2023 to End of Forecast (2033) | 12.0% |
The United Kingdom is known for its strong fintech ecosystem and digital payment innovations. Crypto payments gateways can leverage this environment to provide efficient and secure cryptocurrency payment solutions to businesses and consumers. The United Kingdom has established regulatory guidelines for cryptocurrencies and payment services, offering clarity and stability.
The United Kingdom has a thriving e-commerce market, and crypto payments gateways can tap into this market by offering cryptocurrency payment options. London is a global financial hub, attracting fintech companies and blockchain startups. Collaboration with these entities can enable crypto payments gateways to drive innovation and expand their reach.
| Country | China |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.12 billion |
| CAGR % 2023 to End of Forecast (2033) | 13.6% |
China has implemented strict regulations on cryptocurrencies, including trading and payment services. Crypto payments gateways must adhere to the regulations and obtain necessary licenses to operate in the country. China has a highly developed digital payment ecosystem dominated by platforms like Alipay and WeChat Pay.
China has a massive and rapidly growing e-commerce market, creating opportunities for crypto payments gateways to cater to the increasing demand for cryptocurrency payments in online transactions. China has been actively promoting blockchain technology and exploring its applications.
| Country | Japan |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.87 billion |
| CAGR % 2023 to End of Forecast (2033) | 15.4% |
Japan has established a regulatory framework for cryptocurrencies, providing clarity and legitimacy to the industry. Crypto payments gateways can tap into this adoption by providing reliable and user-friendly payment solutions. Japan has a tech-savvy population with high smartphone penetration, making it an ideal market for mobile-centric payment solutions.
Cross-border transactions are also common in Japan, and crypto payments gateways can provide efficient and cost-effective alternatives to traditional remittance services.
| Country | India |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.61 billion |
| CAGR % 2023 to End of Forecast (2033) | 8.4% |
The Indian government has been actively promoting digital payments and financial inclusion, and crypto payments gateways can contribute to this agenda by providing secure and accessible cryptocurrency payment solutions. India is a significant recipient of remittances, and crypto payments gateways can offer faster and cost-effective cross-border remittance options, attracting the large Indian diaspora and businesses engaged in international transactions.
India has a vibrant start-up ecosystem, including blockchain and fintech start-ups, which can foster innovation and drive the growth of crypto payments gateways in the country.
The Ethereum segment is expected to dominate the crypto payment gateways industry with a CAGR of 13.4% from 2023 to 2033. The Ethereum segment is expected to grow due to its established market position, smart contract functionality, DeFi and decentralized applications (DApps), scalability improvements, interoperability and tokenization, and tokenization.
Ethereum has become the leading platform for decentralized finance (DeFi) applications, and has been working on addressing scalability challenges through upgrades such as Ethereum 2.0. Additionally, Ethereum's compatibility with different tokens and its support for tokenization have facilitated the growth of the token economy, driving innovation and adoption.
Ethereum has a strong network effect, with a large and active community of developers, users, and investors. This network effect leads to increased adoption, liquidity, and innovation, reinforcing the platform's growth potential. Upgrades and innovation are expected to unlock new capabilities and attract more users and developers to the platform.
Institutional interest from institutional investors and traditional financial institutions contributes to its growth. Future use cases such as supply chain management, decentralized identity, and gaming are expected to gain traction. However, the crypto market is highly dynamic and subject to various factors, including regulatory changes, technological advancements, and market sentiment.
The Individual end users are expected to dominate the crypto payment gateways industry with a CAGR of 14.2% from 2023 to 2033. The individual end user segment is expected to grow in the crypto payment’s gateways market due to several reasons: increasing cryptocurrency adoption, expansion of e-commerce, cross-border transactions, financial inclusion, and security. Cryptocurrencies offer advantages in terms of cross-border transactions, as they eliminate the need for traditional banking intermediaries and reduce transaction costs and processing times. Additionally, crypto payments gateways have the potential to promote financial inclusion by providing individuals with access to financial services and digital payments.
Additionally, crypto payments gateways have the potential to promote financial inclusion by providing individuals with access to financial services and digital payments. Crypto payments gateways are focusing on improving the user interface and providing intuitive and user-friendly platforms, making it easier for individuals to understand and use cryptocurrency payment options.
Investment opportunities have gained attention, and crypto payments gateways allow individuals to use their cryptocurrencies to make purchases and payments, providing them with a practical utility for their digital assets.
Privacy and security features have also been enhanced, making crypto payments gateways a more secure option for making digital payments. Overall, the growth of the Individuals ends user segment in the crypto payments’ gateways market is driven by the increasing adoption of cryptocurrencies, the expansion of e-commerce, the benefits of cross-border transactions, the potential for financial inclusion, user-friendly interfaces, investment opportunities, and the enhanced privacy and security offered by cryptocurrencies.
The smartphone based segment is expected to dominate the crypto payment gateways industry with a CAGR of 14.0% from 2023 to 2033. The smartphone-based segment is expected to grow due to several factors, such as increasing smartphone penetration, convenience and accessibility, mobile wallet adoption, improved security measures, seamless integration with other services, contactless payments, evolving consumer behavior, and growing e-commerce and m-commerce.
The factors have contributed to the growth of the smartphone-based segment in the payments industry, which is expected to expand further as smartphone usage continues to rise and consumers increasingly rely on their devices for daily activities. This is due to the combination of convenience, accessibility, improved security, and the integration of payment services within smartphones, which has contributed to the growth of the smartphone-based segment in the payments industry.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The crypto payment gateways industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Key Players in the Crypto Payment Gateways Industry
Key Developments in the Crypto Payment Gateways Market:
The market is estimated to be valued at US$ 1,294.1 million in 2023.
Coinbase Commerce, BitPay, CoinGate are the leading market players.
The market is forecast to register a CAGR of 14.1% through 2033.
The market is expected reach US$ 4,853.8 million by 2033.
The market rose at a 12.0% CAGR from 2018 to 2022.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Pricing Analysis 4.1. Pricing Analysis, By Pricing Model 4.1.1. Subscription Pricing Model 4.1.2. Perpetual Licensing 4.2. Average Pricing Analysis Benchmark 5. Global Market Demand (in Value in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.2. Forecast Factors - Relevance & Impact 6.3. Value Chain 6.4. COVID-19 Crisis – Impact Assessment 6.4.1. Current Statistics 6.4.2. Short-Mid-Long-Term Outlook 6.4.3. Likely Rebound 6.5. Market Dynamics 6.5.1. Drivers 6.5.2. Restraints 6.5.3. Opportunities 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Cryptocurrency 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Cryptocurrency, 2018 to 2022 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Cryptocurrency, 2023 to 2033 7.3.1. Bitcoin 7.3.2. Ethereum 7.3.3. USD Coin 7.3.4. Litecoin 7.3.5. Tether 7.3.6. Others 7.4. Market Attractiveness Analysis By Cryptocurrency 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Type, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type, 2023 to 2033 8.3.1. Web-based 8.3.2. Smartphone based 8.4. Market Attractiveness Analysis By Type 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By End User, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2023 to 2033 9.3.1. Individual 9.3.2. Organizations and Businesses 9.4. Market Attractiveness Analysis By End User 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia Pacific 10.3.6. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.3.1. By Cryptocurrency 11.3.2. By Type 11.3.3. By End User 11.3.4. By Country 11.3.4.1. U.S. 11.3.4.2. Canada 11.4. Market Attractiveness Analysis 11.4.1. By Cryptocurrency 11.4.2. By Type 11.4.3. By End User 11.4.4. By Country 11.5. Market Trends 11.6. Key Market Participants - Intensity Mapping 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.3.1. By Cryptocurrency 12.3.2. By Type 12.3.3. By End User 12.3.4. By Country 12.3.4.1. Brazil 12.3.4.2. Mexico 12.3.4.3. Rest of Latin America 12.4. Market Attractiveness Analysis 12.4.1. By Cryptocurrency 12.4.2. By Type 12.4.3. By End User 12.4.4. By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Cryptocurrency 13.3.2. By Type 13.3.3. By End User 13.3.4. By Country 13.3.4.1. Germany 13.3.4.2. Italy 13.3.4.3. France 13.3.4.4. U.K. 13.3.4.5. Spain 13.3.4.6. BENELUX 13.3.4.7. Russia 13.3.4.8. Rest of Europe 13.4. Market Attractiveness Analysis 13.4.1. By Cryptocurrency 13.4.2. By Type 13.4.3. By End User 13.4.4. By Country 14. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Cryptocurrency 14.3.2. By Type 14.3.3. By End User 14.3.4. By Country 14.3.4.1. India 14.3.4.2. Indonesia 14.3.4.3. Malaysia 14.3.4.4. Singapore 14.3.4.5. Australia & New Zealand 14.3.4.6. Rest of South Asia and Pacific 14.4. Market Attractiveness Analysis 14.4.1. By Cryptocurrency 14.4.2. By Type 14.4.3. By End User 14.4.4. By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Cryptocurrency 15.3.2. By Type 15.3.3. By End User 15.3.4. By Country 15.3.4.1. China 15.3.4.2. Japan 15.3.4.3. South Korea 15.4. Market Attractiveness Analysis 15.4.1. By Cryptocurrency 15.4.2. By Type 15.4.3. By End User 15.4.4. By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Cryptocurrency 16.3.2. By Type 16.3.3. By End User 16.3.4. By Country 16.3.4.1. GCC Countries 16.3.4.2. Turkey 16.3.4.3. South Africa 16.3.4.4. Rest of Middle East and Africa 16.4. Market Attractiveness Analysis 16.4.1. By Cryptocurrency 16.4.2. By Type 16.4.3. By End User 16.4.4. By Country 17. Key Countries Analysis- Market 17.1. U.S. Market Analysis 17.1.1. By Cryptocurrency 17.1.2. By Type 17.1.3. By End User 17.2. Canada Market Analysis 17.2.1. By Cryptocurrency 17.2.2. By Type 17.2.3. By End User 17.3. Mexico Market Analysis 17.3.1. By Cryptocurrency 17.3.2. By Type 17.3.3. By End User 17.4. Brazil Market Analysis 17.4.1. By Cryptocurrency 17.4.2. By Type 17.4.3. By End User 17.5. Germany Market Analysis 17.5.1. By Cryptocurrency 17.5.2. By Type 17.5.3. By End User 17.6. Italy Market Analysis 17.6.1. By Cryptocurrency 17.6.2. By Type 17.6.3. By End User 17.7. France Market Analysis 17.7.1. By Cryptocurrency 17.7.2. By Type 17.7.3. By End User 17.8. U.K. Market Analysis 17.8.1. By Cryptocurrency 17.8.2. By Type 17.8.3. By End User 17.9. Spain Market Analysis 17.9.1. By Cryptocurrency 17.9.2. By Type 17.9.3. By End User 17.10. BENELUX Market Analysis 17.10.1. By Cryptocurrency 17.10.2. By Type 17.10.3. By End User 17.11. Russia Market Analysis 17.11.1. By Cryptocurrency 17.11.2. By Type 17.11.3. By End User 17.12. Rest of Europe Market Analysis 17.12.1. By Cryptocurrency 17.12.2. By Type 17.12.3. By End User 17.13. China Market Analysis 17.13.1. By Cryptocurrency 17.13.2. By Type 17.13.3. By End User 17.14. Japan Market Analysis 17.14.1. By Cryptocurrency 17.14.2. By Type 17.14.3. By End User 17.15. South Korea Market Analysis 17.15.1. By Cryptocurrency 17.15.2. By Type 17.15.3. By End User 17.16. India Market Analysis 17.16.1. By Cryptocurrency 17.16.2. By Type 17.16.3. By End User 17.17. Malaysia Market Analysis 17.17.1. By Cryptocurrency 17.17.2. By Type 17.17.3. By End User 17.18. Indonesia Market Analysis 17.18.1. By Cryptocurrency 17.18.2. By Type 17.18.3. By End User 17.19. Singapore Market Analysis 17.19.1. By Cryptocurrency 17.19.2. By Type 17.19.3. By End User 17.20. Australia and New Zealand Market Analysis 17.20.1. By Cryptocurrency 17.20.2. By Type 17.20.3. By End User 17.21. GCC Countries Market Analysis 17.21.1. By Cryptocurrency 17.21.2. By Type 17.21.3. By End User 17.22. Turkey Market Analysis 17.22.1. By Cryptocurrency 17.22.2. By Type 17.22.3. By End User 17.23. South Africa Market Analysis 17.23.1. By Cryptocurrency 17.23.2. By Type 17.23.3. By End User 17.24. Rest of Middle East and Africa Market Analysis 17.24.1. By Cryptocurrency 17.24.2. By Type 17.24.3. By End User 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Share Analysis of Top Players 18.3. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Coinbase Commerce 19.3.1.1. Business Overview 19.3.1.2. Solution Portfolio 19.3.1.3. Profitability by Market Segments (Business Segments/Region) 19.3.1.4. Key Strategy & Developments 19.3.2. BitPay 19.3.2.1. Business Overview 19.3.2.2. Solution Portfolio 19.3.2.3. Profitability by Market Segments (Business Segments/Region) 19.3.2.4. Key Strategy & Developments 19.3.3. CoinGate 19.3.3.1. Business Overview 19.3.3.2. Solution Portfolio 19.3.3.3. Profitability by Market Segments (Business Segments/Region) 19.3.3.4. Key Strategy & Developments 19.3.4. Coinify 19.3.4.1. Business Overview 19.3.4.2. Solution Portfolio 19.3.4.3. Profitability by Market Segments (Business Segments/Region) 19.3.4.4. Key Strategy & Developments 19.3.5. GoCoin 19.3.5.1. Business Overview 19.3.5.2. Solution Portfolio 19.3.5.3. Profitability by Market Segments (Business Segments/Region) 19.3.5.4. Key Strategy & Developments 19.3.6. Coin Payments 19.3.6.1. Business Overview 19.3.6.2. Solution Portfolio 19.3.6.3. Profitability by Market Segments (Business Segments/Region) 19.3.6.4. Key Strategy & Developments 19.3.7. Blockonomics 19.3.7.1. Business Overview 19.3.7.2. Solution Portfolio 19.3.7.3. Profitability by Market Segments (Business Segments/Region) 19.3.7.4. Key Strategy & Developments 19.3.8. SpectroCoin 19.3.8.1. Business Overview 19.3.8.2. Solution Portfolio 19.3.8.3. Profitability by Market Segments (Business Segments/Region) 19.3.8.4. Key Strategy & Developments 19.3.9. Paytomat 19.3.9.1. Business Overview 19.3.9.2. Solution Portfolio 19.3.9.3. Profitability by Market Segments (Business Segments/Region) 19.3.9.4. Key Strategy & Developments 19.3.10. NOWPayments 19.3.10.1. Business Overview 19.3.10.2. Solution Portfolio 19.3.10.3. Profitability by Market Segments (Business Segments/Region) 19.3.10.4. Key Strategy & Developments 20. Assumptions and Acronyms Used 21. Research Methodology
Explore Technology Insights
View Reports
Crypto Payment Gateways Market
