Market Overview:
Bitcoin Financial Products Market is expected to grow at a CAGR of XX% and reach a market size of US$XX million by 2030. Bitcoin financial products are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin financial products can be broadly classified into two categories: bitcoin funds and bitcoin futures. Bitcoin funds are investment vehicles that allow investors to buy shares in a fund that holds bitcoins. These funds provide investors with exposure to the price movements of bitcoins without having to manage their own wallets or worry about security issues associated with holding bitcoins themselves. The first bitcoin fund, Grayscale's Bitcoin Investment Trust (GBTC), was launched in 2013 and has since grown into one of the largest and most liquid investment vehicles available for investing in bitcoins. GBTC allows investors to buy shares in the trust which represent ownership interests in approximately 0.09 BTC per share as of Q1 2018 . The global market for bitcoin futures reached US billion by end-2017, up from just US million at the start of 2017 . Futures contracts allow traders to bet on whether the price of an asset will go up or down at some point in future, thus providing them with exposure to both sides of a trade without having actually owning the underlying asset . The launchof several regulated U.S derivatives exchanges such as Cboe Global Markets Inc.(CBOE)and Chicago Mercantile Exchange Inc.
Product Definition:
Bitcoin Financial Products are instruments used to manage and invest in the value of Bitcoin. The most common type of Bitcoin Financial Product is a Bitcoin swap, which allows two parties to exchange payments in bitcoins at specific future dates.
Bitcoin Fund:
Bitcoin fund is a financial product that allows investors to gain exposure to the price movement of bitcoin through various instruments. It can be used as a savings account, investment or portfolio management tool. The fund is managed by an administrator who charges 0% fees as the underlying assets are held in trust.
The Bitcoin Fund has several advantages such as it's completely decentralized, digital nature which eliminates government control and facilitates higher privacy for users while offering new economic opportunities for businesses and individuals worldwide.
Bitcoin Futures:
A: Bitcoin future is a financial product based on the price of bitcoin which can be used in various financial products. It is also known as a digital currency derivative. The main function of these derivatives is to allow investors to gain exposure to the price movement of bitcoin without actually holding onto the cryptocurrency.
Application Insights:
In terms of application, the market is categorized into conduct financial transactions, investment and raising money. The conduct financial transactions segment dominated the market in 2017 and this trend is expected to continue over the forecast period. This can be attributed to growing adoption of digital currency for payment processing on a global level as well as increasing number of e-commerce platforms that accept digital currency as payment method.
The investment segment is anticipated to witness significant growth over the forecast period owing to rising investments by institutional investors in various blockchain projects across different industries (e.g., banking & financial services, healthcare). Increasing use cases such as P2P payments are also driving demand for bitcoin fund managers who offer trading solutions via derivatives based on their funds' underlying exposures towards bitcoins.
Regional Analysis:
Europe dominated the market in 2017 owing to the presence of a large number of bitcoin startups and growing adoption by consumers. The region is expected to continue its dominance over the forecast period due to factors such as early adoption of bitcoins, high demand for digital currency, and increasing use in money laundering. However, Asia Pacific is projected to be fastest-growing regional market from 2018 to 2030 due rising awareness about digital currencies among consumers. Moreover, countries such as China and Japan are anticipated to witness significant growth during this period owingto increased government intervention or regulatory changes that favor usage of bitcoins over other conventional currencies. For instance, China has recently banned financial institutions from handling bitcoins; however it has not yet prohibited trading in bitcoins themselves which indicates a positive outlook for growth prospects within the country itself despite recent events (Coindesk).
Growth Factors:
- Increased acceptance and use of Bitcoin by merchants and consumers.
- More widespread use of Bitcoin as a payment method by online and offline merchants.
- Greater awareness and understanding of Bitcoin among the general public.
- Development of new financial products that are based on or related to Bitcoin.
- Continued growth in the value of Bitcoin, which makes it more attractive to investors
Scope Of The Report
Report Attributes
Report Details
Report Title
Bitcoin Financial Products Market Research Report
By Type
Bitcoin Fund, Bitcoin Futures
By Application
Conduct Financial Transactions, Investment, Raising Money
By Companies
TeraExchange, Bitbank, Hashflare, Nicehash, Hashnest, KnCMiner, PBMining, CEX.IO, Ourhash
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Bitcoin Financial Products Market Report Segments:
The global Bitcoin Financial Products market is segmented on the basis of:
Types
Bitcoin Fund, Bitcoin Futures
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Conduct Financial Transactions, Investment, Raising Money
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TeraExchange
- Bitbank
- Hashflare
- Nicehash
- Hashnest
- KnCMiner
- PBMining
- CEX.IO
- Ourhash
Highlights of The Bitcoin Financial Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bitcoin Fund
- Bitcoin Futures
- By Application:
- Conduct Financial Transactions
- Investment
- Raising Money
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bitcoin Financial Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bitcoin financial products are products that allow investors to gain exposure to the price of bitcoin and other cryptocurrencies. These products can include futures contracts, options contracts, and swaps.
Some of the major players in the bitcoin financial products market are TeraExchange, Bitbank, Hashflare, Nicehash, Hashnest, KnCMiner, PBMining, CEX.IO, Ourhash.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bitcoin Financial Products Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bitcoin Financial Products Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bitcoin Financial Products Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bitcoin Financial Products Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bitcoin Financial Products Market Size & Forecast, 2018-2028 4.5.1 Bitcoin Financial Products Market Size and Y-o-Y Growth 4.5.2 Bitcoin Financial Products Market Absolute $ Opportunity
Chapter 5 Global Bitcoin Financial Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bitcoin Financial Products Market Size Forecast by Type
5.2.1 Bitcoin Fund
5.2.2 Bitcoin Futures
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bitcoin Financial Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bitcoin Financial Products Market Size Forecast by Applications
6.2.1 Conduct Financial Transactions
6.2.2 Investment
6.2.3 Raising Money
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bitcoin Financial Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bitcoin Financial Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bitcoin Financial Products Analysis and Forecast
9.1 Introduction
9.2 North America Bitcoin Financial Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bitcoin Financial Products Market Size Forecast by Type
9.6.1 Bitcoin Fund
9.6.2 Bitcoin Futures
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bitcoin Financial Products Market Size Forecast by Applications
9.10.1 Conduct Financial Transactions
9.10.2 Investment
9.10.3 Raising Money
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bitcoin Financial Products Analysis and Forecast
10.1 Introduction
10.2 Europe Bitcoin Financial Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bitcoin Financial Products Market Size Forecast by Type
10.6.1 Bitcoin Fund
10.6.2 Bitcoin Futures
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bitcoin Financial Products Market Size Forecast by Applications
10.10.1 Conduct Financial Transactions
10.10.2 Investment
10.10.3 Raising Money
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bitcoin Financial Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bitcoin Financial Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bitcoin Financial Products Market Size Forecast by Type
11.6.1 Bitcoin Fund
11.6.2 Bitcoin Futures
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bitcoin Financial Products Market Size Forecast by Applications
11.10.1 Conduct Financial Transactions
11.10.2 Investment
11.10.3 Raising Money
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bitcoin Financial Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Bitcoin Financial Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bitcoin Financial Products Market Size Forecast by Type
12.6.1 Bitcoin Fund
12.6.2 Bitcoin Futures
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bitcoin Financial Products Market Size Forecast by Applications
12.10.1 Conduct Financial Transactions
12.10.2 Investment
12.10.3 Raising Money
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bitcoin Financial Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bitcoin Financial Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bitcoin Financial Products Market Size Forecast by Type
13.6.1 Bitcoin Fund
13.6.2 Bitcoin Futures
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bitcoin Financial Products Market Size Forecast by Applications
13.10.1 Conduct Financial Transactions
13.10.2 Investment
13.10.3 Raising Money
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bitcoin Financial Products Market: Competitive Dashboard
14.2 Global Bitcoin Financial Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TeraExchange
14.3.2 Bitbank
14.3.3 Hashflare
14.3.4 Nicehash
14.3.5 Hashnest
14.3.6 KnCMiner
14.3.7 PBMining
14.3.8 CEX.IO
14.3.9 Ourhash