Crypto Asset Management Service Market Scope
Crypto asset management service is the process of managing the crypto assets of users by assembling and maintaining a digital ledger. In today’s time, online investing has made ordinary people discover the financial market and invest in digital assets. Managing cryptocurrency is a complex task especially if anyone doesn’t have the proper knowledge. However, an increasing initiative by e-commerce companies and small businesses for the transactional use of cryptocurrency has boosted the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Crescent Crypto (United States), Antier Solutions (United States), Crypto Finance AG (Switzerland), KPMG (Netherlands), Barracuda (United States), Marathon Digital Holdings (United States), F5 Crypto Capital (Germany), BitGo (United States), Galaxy Digital (United States) and CME Group (United States) |
CAGR | % |
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Crypto Asset Management Service market throughout the predicted period.
Crescent Crypto (United States), Antier Solutions (United States), Crypto Finance AG (Switzerland), KPMG (Netherlands), Barracuda (United States), Marathon Digital Holdings (United States), F5 Crypto Capital (Germany), BitGo (United States), Galaxy Digital (United States) and CME Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bakkt (United States), Paxos Trust Company LLC (United States) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Crypto Asset Management Service market by Type and Region with country level break-up.
On the basis of geography, the market of Crypto Asset Management Service 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2021, Deutsche Börse Group acquired majority stake in Crypto Finance AG to extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as custody. Crypto Finance offers trading, storage, and investment in digital assets to institutional and professional clients. With this deal, Crypto Finance will be able to further scale the business and expand the range of digital asset services.
In June 2022, Beazley unveils D& O insurance policy for crypto companies. Specialist insurance firm Beazley has unveiled new Directors’ & Officers’ liability (D&O) insurance product, named CryptoGuard, for crypto companies.
Influencing Trend:
Growing Study on Crypto Assets and Investigate Implication of Blockchain Technology
Market Growth Drivers:
Growing Popularity of Crypto Currency and Increased Crypto Currency Mining and Increasing Adoption of Crypto Currency for Transactions in Retail & E-Commerce and SMEs
Challenges:
Requirement of Proper Skill and Increased Financial Crime
Restraints:
Ban on Crypto Currency Mining in Some Countries Restraint the Market Growth
Opportunities:
Growing Need for Crypto Asset Management by Traditional and New Investors
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Identity Management Solutions Providers, Crypto Asset Management Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others