The total revenue of cryptocurrency exchanges from global digital-commerce marketplace platform will reach $6.1 trillion by 2023, accounting for a massive 40% market share.
In its latest report “Reimagining the Future of Finance”, Grayscale Investments finds that cryptocurrency exchanges are turning into e-commerce hubs that extend beyond investments and payments. Crypto exchanges are both enabling and becoming new marketplace platforms that could one day compete with e-commerce giants such as Amazon, eBay, Etsy, Shopify, and others that connect merchants and consumers.
Cryptocurrency exchanges are invading e-commerce space with their strong competitive advantage.
Grayscale prdicts that the global digital-commerce marketplace platform sales are expected to reach $15.3 trillion by 2023, and exchanges have the potential to capture a greater share of this activity on marketplace platforms.
“By connecting individuals and businesses to Decentralized Finance (DeFi) exchanges, and allowing customers to trade digital goods such as Non-Fungible Tokens (NFTs) on their platforms, exchanges are providing micro-merchants, including individuals within the creator economy, new marketplace platforms that could grow to service greater parts of the digital economy,” states Grayscale.
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