Global Crypto Asset Management Market Size to USD worth

New York, United States, July 15, 2024 (GLOBE NEWSWIRE) — The global crypto asset management market size will grow from USD 604.37 million in 2023 to USD 4184.37 million by 2033 at a compound annual growth rate (CAGR) of 21.35 % during the projected period.

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A crypto asset management platform is specialized software designed to streamline the processes involved in buying, trading and holding bitcoins. With the help of crypto asset management, users can manage multiple cryptocurrency assets on a single platform. As more individuals invest in many accounts and wallets, there is an increasing demand for integrated portfolio management solutions. This is projected to lead to an increase in the need for crypto asset management services and solutions. The asset management system is used by new and experienced investors to learn about the ever-changing virtual currency market. Globally, cryptocurrency users are becoming increasingly interested in the answer. The market carries a lot of financial risk, much like this. To reduce and manage these significant risks, consumers are turning to bitcoin asset management solutions. In addition, as society becomes more globalized, there is a marked increase in the demand for Internet traction. This has a favorable impact on the adoption of crypto-asset management, opening up great prospects for investors. Furthermore, with the introduction of blockchain, the global cryptocurrency market is growing rapidly. Blockchain can provide very high security for digital assets and cryptocurrencies. When blockchain technology is used, users can approve transactions without requiring permission from a central authority. Among the primary uses of blockchain are smart contracts, voting and fund exchange. Blockchain has a wide range of applications in every business. Furthermore, financial institutions are looking at the idea of ​​using blockchain technology to move and store digital assets, such as cryptocurrencies, around the internet ecosystem. The availability of blockchain technology, fueling the growth of cryptocurrencies, will increase the demand for crypto asset management solutions globally. However, a lack of understanding of cryptocurrencies’ uses and insufficient technological expertise in transaction processing are the primary barriers to their widespread use. Browse key industry insights spread across 219 pages with 110 market data tables and figures and charts from the report on the “Global Crypto Asset Management Market Size, Share and COVID-19 Impact Analysis, by Solution (Custodian Solutions and Wallet Management) , by application (web-based and mobile), by deployment mode (cloud and on-premise), and by region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2023 – 2033.”

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The custodian solutions segment is expected to hold the largest share of the global crypto asset management market during the projected timeframe. On the basis of solution, the global crypto asset management market is segmented into custodian solutions and wallet management. Among these, the custodian solutions segment is expected to hold the largest share of the global crypto asset management market during the projected timeframe. Custodial solutions, with their ability to oversee digital assets and provide secure storage on behalf of investors, are vital to the industry. Investors need reliable custody services with robust security features, such as multi-signature verification and offline storage, as cryptocurrencies grow in value and sophistication. Well-known custodians and financial institutions are leveraging their experience in traditional asset custody to enter the global crypto-asset management sector to address the growing demand for secure storage and institutional-grade custody services.

The mobile segment is expected to grow at the fastest CAGR in the global crypto asset management market during the projected timeframe. On the basis of application, the global crypto asset management market is segmented into web-based and mobile. Among these, the mobile segment is expected to grow at the fastest CAGR in the global crypto asset management market during the projected timeframe. Due to their convenience and the fact that more people are using smartphones, mobile apps have become increasingly popular among bitcoin investors. With mobile-based crypto asset management apps, users can access their digital assets and manage their investments, transactions and portfolios anytime, anywhere. The dominance of this particular market segment can be attributed to the ease of use, push alerts and availability of real-time market data found in mobile apps, which are popular with investors.

The domestic segment is predicted to account for the largest revenue share in the global crypto asset management market during the estimated period. On the basis of deployment mode, the global crypto asset management market is segmented into cloud and on-premise. Among these, the on-premises segment is predicted to account for the largest revenue share in the global crypto asset management market during the estimated period. Large organizations typically view the on-premises deployment option favorably as it offers the benefit of improved security over cloud deployment and the capacity to install software on the organization’s own IT infrastructure. Crypto asset management systems come in platform and stand-alone varieties, and they are usually implemented in end-user locations. They have total control over the hardware, software, data, maintenance and support provided by the solution providers. All operational duties, including setup, configuration, maintenance and solution deployment, are completed locally on the end user’s property.

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North America is expected to hold the largest share of the global crypto asset management market over the forecast period.

North America is expected to hold the largest share of the global crypto asset management market over the forecast period. This is due to several things, including the growth of the economy and the introduction of new industries. The introduction and early adoption of the solution drives the market potential in the region. Furthermore, several well-known businesses in the area offer customized solutions for every sector of the economy. Additionally, a large number of cloud crypto solution providers in the US and Canada are expected to create lucrative opportunities for the industry.

Asia Pacific is predicted to grow at the fastest rate in the global crypto asset management market during the projected timeframe. Asia Pacific is emerging as a center for the development and adoption of virtual currencies. Countries that have adopted blockchain technology early include Singapore, South Korea, China, Japan and others. These countries have shown a strong interest in cryptocurrencies. With its significant population and high level of technological advancement, the region is perfect for the growth of cryptocurrency asset management companies. The market’s growth is also fueled by the increase in cryptocurrency exchanges and startups in the Asia Pacific region, as well as the increasing participation of Asian institutional investors.

Competitive Analysis:

The report provides the appropriate analysis of the key organizations/companies involved in the global market along with a comparative evaluation based primarily on their product offering, business overviews, geographical presence, business strategies, segment market share and SWOT analysis. The report also provides an extensive analysis focusing on the current news and developments of the companies, which include product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and others. This allows for the evaluation of the overall competition within the market. Key vendors in the Global Crypto Asset Management Market include Coinbase, Gemini Trust Company, Crypto Finance Group, Vo1t Ltd, Bakkt, BitGo, Ledger SAS, METACO, ICONOMI Limited, Exodus Movement, Xapo Holdings Limited, Paxos Trust Company, Amberdata, and other. .

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Recent developments

In March 2021, Gemini Fund Solutions, a complete suite of Bitcoin fund services for fund managers, was launched by Gemini Trust Company, LLC. On a single platform, the system provides clearing, custody, trade execution and other capital market services.

Market Segment This study forecasts revenue at global, regional and country levels from 2020 to 2033. Spherical Insights has segmented the Global Crypto Asset Management Market based on the below segments:

Global Crypto Asset Management Market, by Solution

Custodian Solutions Wallet Management

Global Crypto Asset Management Market, by Application

Global Crypto Asset Management Market, by Deployment Mode

Global Crypto Asset Management Market, Regional Analysis

North America Europe Germany, United Kingdom, France, Italy, Spain, Russia, Rest of Europe, Asia Pacific, China, Japan, India, South Korea, Australia.

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Global crypto asset management market size, share and COVID-19 impact analysis, by solution (custodian solutions and wallet management), by application (web-based and mobile), by deployment mode (cloud and on-premise) and by region (North America, Europe, Asia -Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2023 – 2033

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