Global Crypto Asset Management Market

Global Crypto Asset Management Market Size, Share, Growth Analysis, By Solution(Custodian solution and wallet management), By Application(Web-based and mobile), By Deployment(Cloud and on-premises) - Industry Forecast 2024-2031


Report ID: SQMIG40H2002 | Region: Global | Published Date: April, 2024
Pages: 207 | Tables: 84 | Figures: 76

Global Crypto Asset Management Market News

  • In December 2022, Crypto.com, a Hong Kong-based cryptocurrency platform, unveiled Crypto.com Pay Checkout. This payment solution enables businesses to seamlessly accept cryptocurrency payments, providing customers with an additional payment option. With Crypto.com Pay Checkout, transactions can be processed swiftly and securely.
  • In September 2022, Ledger SAS, a leading French company specializing in hardware cryptocurrency wallets, launched Ledger Live Mobile. This mobile application allows users to conveniently manage their digital assets directly from their smartphones, offering features such as portfolio management, transaction history, and secure storage.
  • In March 2021, Gemini Trust Company, LLC introduced Gemini Fund Solutions, providing a comprehensive suite of cryptocurrency fund services to fund managers. This platform integrates clearing, custody, trade execution, and various capital markets services, offering a complete solution for managing cryptocurrency funds.
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Global Crypto Asset Management Market size was valued at USD 610 million in 2022 and is poised to grow from USD 742.37 million in 2023 to USD 3572.28 million by 2031, growing at a CAGR of 21.70% during the forecast period (2024-2031).

The competitive landscape of the global crypto asset management market is characterized by intense competition and a diverse range of players. Established financial institutions, traditional asset management firms, and cryptocurrency exchanges are competing alongside emerging startups and specialized crypto asset management providers. Key competitive factors include the development of innovative products and services, robust security measures, user-friendly interfaces, integration with multiple platforms, and effective risk management strategies. Market players are also focusing on strategic partnerships, acquisitions, and collaborations to enhance their market presence and expand their service offerings. Additionally, the ability to cater to the evolving needs of investors, including both individual and institutional clients, and the capacity to navigate regulatory challenges play a crucial role in gaining a competitive edge in the market. 'Coinbase (US)', 'Gemini Trust Company, LLC. (US)', 'Crypto Finance Group (Germany)', 'Vo1t Ltd (UK)', 'Bakkt (US)', 'BitGo (US)', 'Ledger SAS (France)', 'METACO (Switzerland)', 'ICONOMI Limited (UK)', 'Exodus Movement, Inc. (US)', 'Xapo Holdings Limited (Switzerland)', 'Paxos Trust Company, LLC. (US)', 'Amberdata (US)', 'Genesis Global Trading, Inc. (US)', 'CRYPTOSLATE (US)', 'Opus Labs CVBA (Belgium)', 'Kryptographe Inc (UK)', 'Crypto.com (Hong Kong)', 'Bitwise Asset Management (US)', 'CoinShares (UK)'

One key driver of the global crypto asset management market is the increasing acceptance of cryptocurrencies as a legitimate asset class. As cryptocurrencies gain wider recognition and acceptance from both individual and institutional investors, the demand for professional management services for these digital assets rises. This driver is fueled by the growing awareness of the potential returns and diversification benefits offered by cryptocurrencies, leading to a higher adoption rate and driving the growth of the crypto asset management market.

One key market trend in the global crypto asset management market is the growing integration of decentralized finance (DeFi) solutions. DeFi refers to the use of blockchain and cryptocurrency technology to recreate traditional financial systems and services in a decentralized manner. In the crypto asset management market, there is an increasing trend of integrating DeFi protocols and platforms to offer users enhanced investment opportunities, yield generation, and access to a wide range of decentralized financial products. This trend enables investors to participate in lending, borrowing, liquidity provision, and yield farming activities directly through their crypto asset management platforms, providing them with more flexibility, transparency, and potential returns in their investment strategies.

North America dominated the global crypto asset management market. The region is home to several key players in the crypto space and has witnessed significant adoption of cryptocurrencies among individuals, institutions, and businesses. Factors contributing to North America's dominance include favorable regulatory frameworks, robust infrastructure, a mature financial ecosystem, and high awareness and acceptance of cryptocurrencies.

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Global Crypto Asset Management Market

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