Market Forecast By Offering (Hardware, ASIC, Full Custom ASIC, Semi-custom ASIC, Programmable ASIC, GPU, FPGA, Others), By Process (Mining, Transaction), By End User (Trading, Retail and E-commerce, Banking , Others), By Type (Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Others) And Competitive Landscape
Product Code: ETC424102 | Publication Date: Oct 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Malaysia Cryptocurrency Market |
Forecast period | 2025-2031 |
CAGR | 25.5% |
Growing Sector | Financial |
Malaysia Cryptocurrency Market report thoroughly covers the market By Offering, By Process, By End User, and By Type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Cryptocurrency Market has grown exponentially over the past few years. The major exchanges are Luno, Tokenize, and Sinegy, with Luno having the largest market share. These platforms offer a range of services including trading, wallets, payment gateways, and merchant services.
According to 6Wresearch, the Malaysia Cryptocurrency Market size is expected to grow rapidly at a CAGR of 25.5% during the forecast period of 2025-2031. This growth is due to the rising acceptance of cryptocurrency in the country, as well as the growing awareness of its benefits. The Malaysia cryptocurrency market has seen several trends in recent years. For instance, there has been an increase in the adoption of cryptocurrencies as an alternative investment and payment method. Additionally, there has been a growing interest in the development of blockchain technology and its potential uses. However, the Malaysia cryptocurrency market growth is hindered by lack of clarity in regulations. While the government has expressed concerns about the use of cryptocurrencies, it has not taken a clear stance on the matter. This has led to confusion among market participants and hindered the growth of the market. Despite the challenges, there are several opportunities in the Malaysia cryptocurrency market. The growing acceptance of cryptocurrency as an alternative investment and payment method presents a huge opportunity for market participants. Additionally, the development of blockchain technology and its potential uses offer immense potential for the market. Further, the increasing interest from institutional investors presents a significant opportunity for the market to grow.
In general, the country has adopted a conventional approach to regulate the cryptocurrency market. The Securities Commission Malaysia (SC), the country's financial regulator, has issued guidelines and policies that crypto-businesses must adhere to operate legally. One of the most significant policies is the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order. It mandates all Initial Coin Offering (ICO) issuers submit white papers to the SC for approval before launching. Additionally, the government has set up a regulatory sandbox to fast-track innovations in the cryptocurrency industry while overseeing their risks.
There are several key players in the Malaysia cryptocurrency industry ranging from high-net-worth individuals, institutional investors, and startups. The most well-known institutional investors include Kenanga Investment Bank, Luno, and Tokenize Xchange. These players have teamed up with other companies to accelerate the adoption of cryptocurrencies in Malaysia. Particularly, the CIMB group, one of Malaysia's leading banks, has partnered with Ripple to leverage blockchain technology to provide instant cross-border payments.
The Malaysia cryptocurrency market has a promising future as cryptocurrencies are gaining popularity globally. The government's supportive policies, combined with the country's fast-growing economy, are driving the market on its upward trajectory. Moreover, cryptocurrency adoption in traditional payment systems will increase, thus driving up demand.
According to Shubham, Senior Research Analyst, 6Wresearch, the GPU is one of the leading segments with the highest market share. These graphical processing units are used for high-performance computing and are highly sought after by cryptocurrency miners globally.
By Process, the mining is the dominant process in Malaysia cryptocurrency market. However, the transaction process has seen significant growth in recent years and is expected to continue.
By End-User, the trading segment has been dominating the Malaysia cryptocurrency market share as it involves buying and selling cryptocurrencies on exchanges.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Cryptocurrency Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Cryptocurrency Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Cryptocurrency Market - Industry Life Cycle |
3.4 Malaysia Cryptocurrency Market - Porter's Five Forces |
3.5 Malaysia Cryptocurrency Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Malaysia Cryptocurrency Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Malaysia Cryptocurrency Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Malaysia Cryptocurrency Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Malaysia Cryptocurrency Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Cryptocurrency Market Trends |
6 Malaysia Cryptocurrency Market, By Types |
6.1 Malaysia Cryptocurrency Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Cryptocurrency Market Revenues & Volume, By Offering, 2021 - 2031F |
6.1.3 Malaysia Cryptocurrency Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.4 Malaysia Cryptocurrency Market Revenues & Volume, By ASIC, 2021 - 2031F |
6.1.5 Malaysia Cryptocurrency Market Revenues & Volume, By Full Custom ASIC, 2021 - 2031F |
6.1.6 Malaysia Cryptocurrency Market Revenues & Volume, By Semi-custom ASIC, 2021 - 2031F |
6.1.7 Malaysia Cryptocurrency Market Revenues & Volume, By Programmable ASIC, 2021 - 2031F |
6.1.8 Malaysia Cryptocurrency Market Revenues & Volume, By GPU, 2021 - 2031F |
6.1.9 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Malaysia Cryptocurrency Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Cryptocurrency Market Revenues & Volume, By Mining, 2021 - 2031F |
6.2.3 Malaysia Cryptocurrency Market Revenues & Volume, By Transaction, 2021 - 2031F |
6.3 Malaysia Cryptocurrency Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Cryptocurrency Market Revenues & Volume, By Trading, 2021 - 2031F |
6.3.3 Malaysia Cryptocurrency Market Revenues & Volume, By Retail and E-commerce, 2021 - 2031F |
6.3.4 Malaysia Cryptocurrency Market Revenues & Volume, By Banking , 2021 - 2031F |
6.3.5 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Malaysia Cryptocurrency Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Cryptocurrency Market Revenues & Volume, By Bitcoin (BTC), 2021 - 2031F |
6.4.3 Malaysia Cryptocurrency Market Revenues & Volume, By Ethereum (ETH), 2021 - 2031F |
6.4.4 Malaysia Cryptocurrency Market Revenues & Volume, By Tether (USDT), 2021 - 2031F |
6.4.5 Malaysia Cryptocurrency Market Revenues & Volume, By Binance Coin (BNB), 2021 - 2031F |
6.4.6 Malaysia Cryptocurrency Market Revenues & Volume, By Cardano (ADA), 2021 - 2031F |
6.4.7 Malaysia Cryptocurrency Market Revenues & Volume, By Ripple (XRP), 2021 - 2031F |
7 Malaysia Cryptocurrency Market Import-Export Trade Statistics |
7.1 Malaysia Cryptocurrency Market Export to Major Countries |
7.2 Malaysia Cryptocurrency Market Imports from Major Countries |
8 Malaysia Cryptocurrency Market Key Performance Indicators |
9 Malaysia Cryptocurrency Market - Opportunity Assessment |
9.1 Malaysia Cryptocurrency Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Malaysia Cryptocurrency Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Malaysia Cryptocurrency Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Malaysia Cryptocurrency Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Malaysia Cryptocurrency Market - Competitive Landscape |
10.1 Malaysia Cryptocurrency Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Cryptocurrency Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |