Using publicly available software, bitcoins are created and stored electronically on a computer, which makes them a virtual currency that doesn’t require a physical form like coins or paper money.
Interested in building a Bitcoin exchange website?
This is a growing market that has lots of opportunities.
According to a study done by Research and Markets, “The market size is expected to grow from USD 386 million in 2020 to USD 1,123 million by 2025, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period (2020 – 2025).”
Other than the huge sums of money to be made, innovating in cryptocurrencies is a way to further their adoption.