Crypto Asset Management Market is accounted for USD 315 million in 2020, growing at a robust CAGR of 21.1% during forecast period.

Introduction of the Crypto Asset Management Market Report
Crypto asset management refers to a platform that helps investors to invest and manage the cryptocurrencies by guiding the users prior to market ups and downs. The platform ensures the safety of cryptocurrencies and funds. Moreover, financial institutions and retail & eCommerce are some of the end-users of crypto asset management.

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Market Dynamic
Key Drivers and Emerging Trends
The primary factor driving the global Crypto Asset Management Market includes the rise in the number of cryptocurrency users. For instance, according to triple A, there were more than 300 million cryptocurrency users in 2021. Additionally, the emergence of blockchain technology has offered multipurpose business applications across several end-user industries. For instance, in 2019, US Capital Global Securities expanded its portfolio by adding new funds to several blockchain companies such as Bakkt, Nomics, Coinbase, and Tagomi. Thus, this factor will boost the growth of this market. Blockchain provides high-level security for digital assets and cryptocurrencies. Using Blockchain, users can authorize the transactions without taking any permission from the authorities. Some of the critical uses of Blockchain include smart contracts, fund exchange, and voting. Financial institutions are also exploring the idea of Blockchain to store and transit cryptocurrency and digital assets over the internet ecosystem. Thus, the rising adoption of blockchain technology boosts the growth of cryptocurrencies, thereby driving the growth of crypto asset management solutions.

Furthermore, rising smartphone and internet availability has made it easy for users to access crypto asset and manage their portfolio via multiple devices such as laptops, desktops, smartphones, etc. In addition to this, crypto asset management tracks the record of every cryptocurrency to provide a clear view of suitable crypto and the performance of the most secure, liquid, and investable crypto assets.

Restraint in the Crypto Asset Management Market
However, major factors hampering the growth of this market are limited awareness among the people and technical understanding related to cryptocurrency. Moreover, the lack of regulatory framework by the government is also restricting the growth of this market.

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Application Type – Segment Analysis
Based on the Application Type, the Mobile app segment is expected to grow at a higher CAGR rate in the global Crypto Asset Management Market during the forecast period as it makes things easier for asset traders and miners. Moreover, several stock market apps come with the feature of cryptocurrency to provide users a full control over the digital assets and trade with them. For instance, Coinbase App, eToro App, Blockchain App, and among others are some of the applications which provide these features. Thus, this factor will further fuel the market size.

Vertical – Segment Analysis
Based on the Vertical, retail and eCommerce are projected to grow at a higher CAGR rate in the global crypto asset management market during the forecast period. The retail and eCommerce application areas are an associated global network of retailers, suppliers, eCommerce portals, and customers interacting in the physical stores as well as in online channels. These networks face steep challenges in the form of limited supply visibility, which leads to instability, rising customer demand for product authenticity, and high transaction fees from third-party payment processors. Moreover, Overstock.com was the first retailer to accept eCommerce payments via cryptocurrency because of several benefits, such as low cost and less processing time.

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Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the crypto asset management market during the forecast period due to growing advancements in the cloud computing, network infrastructure, economic growth, and stable geopolitical system have made a platform for boosting the growth of solution providers in the APAC region. The presence and use of digital currency have significantly influenced APAC’s financial system. Cryptocurrency is powered by blockchain technology that allows institutional clients to conduct transactions and exchanges, making trading more accessible and quickly. Moreover, Various Asian countries have introduced cryptocurrency policies that are likely to play a crucial role in the industry’s future. For instance, new licensing laws introduced across Hong Kong and China mandates regulatory approval before trading in cryptocurrency.

Top Market Players
Various notable players operating in the market, include, Coinbase, Inc, Gemini Trust Company, LLC, Crypto Finance AG, Bakkt, BitGo, Inc, Ledger SAS, Metaco, Iconomi Limited, Xapo Holdings Limited, Amberdata, Inc, among others.

Key Developments:

• • In April 2020, BitGo acquired Lumina, a provider of software solutions offering digital asset dealers a financial platform to accelerate the adoption of digital assets by bridging the gap between traditional finance and crypto.
  • In April 2020, Coinbase came into partnership with Oobit to provide custodial services, crypto wallet, and escrow for the users of the Oobits’ new product, which is known as Oobit Hunter.

Segments covered in the Report:
The global Crypto Asset Management Market has been segmented on the basis of Application Type, Vertical, Deployment Mode, Solution and regions. Based on Application Type, the market is segmented into Web-based and Mobile app. Based on Vertical, the market is segmented into Healthcare, Retail and eCommerce, Travel and Hospitality, Institutions and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Solution the market is segmented into Custodian Solution and Wallet Management.

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Key questions answered in this research report:

• • At what pace is global Crypto Asset Management Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Crypto Asset Management Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Crypto Asset Management Market?
  • Which Application Type generated maximum revenues in 2020 and identify the most promising Application Type during the forecast period?
  • What are the various Vertical of global Crypto Asset Management Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 315 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application Type, By Vertical, By Deployment Mode, By Solution, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Coinbase, Inc, Gemini Trust Company, LLC, Crypto Finance AG, Bakkt, BitGo, Inc, Ledger SAS, Metaco, Iconomi Limited, Xapo Holdings Limited, Amberdata, Inc, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Crypto Asset Management Market by Application Type

• • Web-based
  • Mobile app

Global Crypto Asset Management Market by Vertical

• • Healthcare
  • Retail and eCommerce
  • Travel and Hospitality
  • Institutions
  • Others

Global Crypto Asset Management Market by Deployment Mode

• • Cloud
  • On-premises

Global Crypto Asset Management Market by Solution

• • Custodian Solution
  • Wallet Management

Global Crypto Asset Management Market by Region

• • North America Crypto Asset Management Market (Option 1: As a part of the free 25% customization)
    • By Application Type
    • By Vertical
    • By Deployment Mode
    • By Solution
    • US Market All-Up
    • Canada Market All-Up
  • Europe Crypto Asset Management Market (Option 2: As a part of the free 25% customization)
    • By Application Type
    • By Vertical
    • By Deployment Mode
    • By Solution
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Crypto Asset Management Market (Option 3: As a part of the free 25% customization)
    • By Application Type
    • By Vertical
    • By Deployment Mode
    • By Solution
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Crypto Asset Management Market (Option 4: As a part of the free 25% customization)
    • By Application Type
    • By Vertical
    • By Deployment Mode
    • By Solution
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Coinbase, Inc
  • Gemini Trust Company, LLC
  • Crypto Finance AG
  • Bakkt
  • BitGo, Inc
  • Ledger SAS
  • Metaco
  • Iconomi Limited
  • Xapo Holdings Limited
  • Amberdata, Inc