About Crypto Asset Management
The growing use of crypto asset management solutions is expected to be aided by increased venture capital funding and growing investments in crypto asset management technology. A platform that enables investors to invest in and manage digital assets and cryptocurrencies is referred to as crypto asset management. These platforms are used to avoid cryptocurrency theft and keep funds safe. These management platforms are known to provide features such as storage wallet backup, transaction control and flexibility, and proper record of virtual assets via blockchain, among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Crypto Asset Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coinbase (United States), Gemini (United States), Crypto Finance (Switzerland), Vo1t (United Kingom), Bakkt (United States), BitGo (United States), Ledger (France), Metaco SA (Switzerland), ICONOMI (Slovenia), Xapo (United States), itBit (United States), Koine Finance (United Kingdom), Amberdata (United States), Gem (United States), Tradeium (United States), Blox (Israel), Opus labs (Belgium), Binance (Malta), Kryptographe (United States) and Koinly (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Altpocket (Sweden), Mintfort (Germany), Coinstats (Armenia), Anchorage (United States) and CoinTracker (United States).
Segmentation Overview
AMA Research has segmented the market of Global Crypto Asset Management market by , Application (Web-based and Mobile) and Region.
On the basis of geography, the market of Crypto Asset Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Solutions, the sub-segment i.e. Custodian will boost the Crypto Asset Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Institutions will boost the Crypto Asset Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mobile Operating System, the sub-segment i.e. IOS will boost the Crypto Asset Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Cloud will boost the Crypto Asset Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The proliferation of blockchain technology
Market Growth Drivers:
High remittances in developing countries, Growth in venture capital investments and Safeguarding cryptocurrency assets
Challenges:
Security, privacy, and control issues and Technical challenges pertaining to scalability
Restraints:
Lack of regulatory framework and Lack of awareness and technical understanding regarding cryptocurrency
Opportunities:
Growing investments in crypto asset management technology and High usage of cryptocurrency across verticals and emerging economies extend profitably
Market Leaders and their expansionary development strategies
In November 2021, Coinbase acquired leading cryptographic security company, Unbound Security. Unbound’s best-in-class multi-party-computation expertise has play a foundational role in Coinbase’s product and security roadmap., and With the acquisition of Unbound Security, Coinbase will establish a tech center of excellence in Israel, one of the world’s most advanced technology hubs
In July 2022, SEC charges former Coinbase Manager, Two others in crypto asset insider trading action. The Securities and Exchange Commission announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.