(MENAFN – GetNews) Crypto Asset Management Market by Solution (Custodian and Wallets), Application Type (Web-based and Mobile), End user (Individual and Enterprise (Institutions (BFSI, Hedge Funds), Retail and eCommerce)), Region – Global Forecast to 2025
The global Crypto Asset Management Market is projected to grow from USD 0.4 billion in 2020 to USD 1.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period. The increasing venture capital funding and growing investments in crypto asset management technology would drive market growth.
Based on application type, the mobile segment to grow at the highest CAGR during the forecast period
Nowadays, several mobile apps are created for exchanging cryptocurrencies that can make things easier for asset traders and miners. Various stock market apps came into being featuring cryptocurrency apps, and these types of apps not only allow them to have total control over the digital assets, but one can also trade with them. Therefore, the mobile segment holds the highest growth rate during the forecast period.
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Based on end user, the individual user segment to hold higher market share during the forecast period
With a rise in the cryptocurrency users across the globe, the potential customer base for crypto asset management solutions has also increased. Individual users use mobile phones primarily for entertainment and utility purposes. Many individual users opt for crypto asset management solutions that drive the crypto asset management market, which makes it attractive for the crypto asset management providers to offer advanced solutions to the individual user segment.
The vendors covered in the crypto asset management market report include Coinbase (US), Gemini (US), Crypto Finance (Switzerland), Vo1t (UK), Bakkt (US), BitGo (US), Ledger (France), Metaco SA (Switzerland), ICONOMI (Slovenia), Xapo (US), itBit (US), Koine Finance (UK), Amberdata (US), Gem (US), Tradeium (US), Blox (Israel), Opus labs (Belgium), Binance (Malta), Kryptographe (US), Koinly (UK), Altpocket (Sweden), Mintfort (Germany), Coinstats (Armenia), Anchorage (US) and CoinTracker (US).
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the crypto asset management market. Partnerships, agreements and collaborations, and new product launches and product enhancements have been the most adopted strategies by the major players from 2017 to 2020 to innovate their offerings and broaden their customer base.
Coinbase (US) is a prominent provider of crypto asset management solutions. It provides an online platform for digital cryptocurrency exchanges between merchants, consumers, and institutions. In April 2020, Coinbase…