27-Sep-2021 | Facts and Factors
According to a Facts and Factors market research report, the global crypto asset management market is estimated at around USD 0.52 Billion in 2020 and is expected to reach around USD 2.4 Billion by 2028 along with a CAGR of around 24.6% from 2021 to 2028.
Cryptocurrency is considered a high profit-making investment in a very low time of trading. With the help of crypto, international trading is made easy and traders have ownership of the investment. To make trading more simplified and having ease of managing portfolio better spend, crypto asset management provides an accountable solution to individuals. The global crypto asset management industry is growing due to increased investment and use of cryptocurrencies, as well as increased digitalization in financial institutions and huge corporations. Additionally, making the process of purchasing cryptocurrencies easier has a favorable impact on the expansion of the crypto asset management sector.
The digitization process enables banks to provide digital payment services while also saving time on the debt collection procedure, propelling industry development. Furthermore, increased consumer acceptance of digital banking services, which allows users to access bank statements, execute financial transactions, and do other associated activities with a single click, drives the market growth. In addition, some banks and financial institutions in China, Japan, and India have been employing distributed ledger technology to handle a variety of banking products such as withdrawals, deposits, checking/savings accounts, transfers, loan management, and insurance products which in turn driving the crypto asset management growth.
The on-premise deployment strategy gained the highest crypto asset management market share and is anticipated to retain its dominance in the future years. The on-premise type of deployment method is frequently used in large organizations since software may be installed on a company's own IT infrastructure and provides better protection than the cloud deployment option. Because of a paradigm change in deployment techniques from on-premise to cloud-based models, the cloud segment is projected to expand the most. This is the primary driver of cloud-based crypto asset management adoption among SMEs, individuals, and certain large-scale enterprises.
Top Market Players
The key players in the global crypto asset management market are Kryptographe, Gemini, Coinbase, Altpocket, ICONOMI, Crypto Finance, Vo1t, BitGo, Xapo, Koine Finance, Ledger, Amberdata, CoinTracker Tradeium, Metaco SA, WazirX, Opus labs, Bakkt, Blox, Groww, Huobi, Binance, Koinly, Mintfort, Coinstats, Anchorage, itBit, OctaFX, and Upstox among others.
Report Attribute |
Details |
Market Size in 2020 |
USD 0.52 Billion |
Projected Market Size in 2028 |
USD 2.4 Billion |
CAGR Growth Rate |
24.6% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2028 |
Key Market Players |
Kryptographe, Gemini, Coinbase, Altpocket, ICONOMI, Crypto Finance, Vo1t, BitGo, Xapo, Koine Finance, and Others |
Key Segment |
By Type, Solution, Operating System, Application, End User, Industry Verticals, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Growth In Venture Capital Investments
The crypto asset management market is being driven by expanding demand for crypto asset management due to the popularity of cryptocurrencies around the world, rising emphasis on crypto asset management among government agencies, financial institutions, and large corporations. The growing adoption of digital processes and frameworks by several sectors, the transaction of funds in the form of digital assets developed using strong cryptography techniques, as well as the popularity of the platform for financial security, are aiding the crypto asset management industry to grow. Additionally, the crypto asset management market benefits from the proliferation of blockchain technology, an increase in capital investments, and the protection of cryptocurrency assets. Individual investment in cryptocurrency technology is increasing because it provides several benefits such as providing hassle-free currency transaction service, reducing brokerage fees and middle man commission, and improving the security of business owners' financial details, which is driving the global growth of the crypto asset management market.
The handiness of high-speed internet access has aided businesses in quickly and securely exchanging bitcoin via the crypt asset management platform, driving industry development. Moreover, rising venture capital investments are also significantly influencing market growth. For instance, Coinbase collaborated with Oobit in April 2020 to provide a crypto wallet, custodial services, and escrow for customers of Oobit's new product, Oobit Hunter. Also, BitGo purchased Lumina in April 2020, a supplier of software solutions that provide digital asset dealers with a financial platform that promotes the mainstream adoption of digital assets by bridging the gap between traditional finance and crypto.
North America Dominated The Crypto Asset Management Market
North America dominated the crypto asset management market and is anticipated to maintain its position over the forecast period. This is due to various factors, including the entry of new sectors and economic growth. Furthermore, the presence of a significant number of cloud crypto solution providers throughout the United States and Canada is likely to create profitable possibilities for the industry. Because of the widespread presence of a large number of crypto mining enterprises, which are increasingly turning to hosted crypto asset management solutions to efficiently manage their business processes, particularly in developing countries such as China, India, and Singapore, the Asia-Pacific region is expected to grow significantly during the forecast period.
Browse the full report “Global Crypto Asset ManagementBy Market Type (Solution and Services), By Solution (Custodian Solution, Tokenization Solutions, Transfer & Remittance Solutions, Trading Solutions, and Wallet Management), By Operating System (iOS, Android and Others), By Application (Web-Based and Mobile), By End User (Individual and Enterprise), By Industry Vertical (BFSI, Retail & E-commerce, Media & Entertainment, Institutions, Healthcare, Travel and Hospitality, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028.” at https://www.fnfresearch.com/crypto-asset-management-market
The global crypto asset management market is segmented as follows:
By Type:
By Solution:
- Custodian Solution
- Tokenization Solutions
- Transfer & Remittance Solutions
- Trading Solutions
- Wallet Management
Operating System:
By Application:
By End-User:
By Industry Vertical:
- BFSI
- Retail & E-commerce
- Media & Entertainment
- Institutions
- Healthcare
- Travel and Hospitality
- Others
By Region:
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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