FORMATION OF A SYSTEM OF INDICATORS FOR THE DEVELOPMENT OF THE DIGITAL CURRENCY MARKET

The article is devoted to the formation of a system of indicators for assessing and analyzing the level of development of the digital currency market. The main focus is on identifying key financial, technological, institutional and social parameters that reflect the dynamics and quality of functioning of the selected segment of the financial market. The research methodology is based on a systematic approach, an analysis of existing methods for assessing financial markets, as well as methods of system analysis, classification and grouping. As a result of the research, a multi–level system of indicators has been formed, structured according to key components: market maturity, legal regulation, shock resistance, cybersecurity and consumer acceptance — possible metrics are proposed for each indicator. The work substantiates the need for an integrated approach to building a system of indicators that includes indicators of the maturity of the digital currency market and the economy, the acceptance of digital currencies by users, the effectiveness of regulatory regulation, the development of technical infrastructure and its vulnerability / security to cyber threats. The conducted research is based on analytical reports, current trackers and aggregators, indexes and market quotes for digital currencies and evaluates the current level of development of the digital currency market based on the proposed methodology.