Crypto Asset Management Market was valued at USD 315 million in 2020 and is forecast to register a CAGR of 21.1% during forecast period. A significant increase in the cryptocurrency users and flexibility over transactions are the major factors projected to expand the Crypto Asset Management Market size.

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Key Drivers and Emerging Trends

The crypto asset management market is predicted to witness a promising growth over the upcoming years, owing to the emerging need for a user-friendly process to manage cryptocurrency transactions and the increasing adoption of digitalization to manage financial operations. With the rising awareness about crypto funds, cryptocurrency management apps have witnessed a huge prominence, driving the market growth. Besides, the development of advanced crypto asset management solutions by companies to offer better financial safety and on-premises safety is forecast to offer enormous opportunities to the market. Increasing implementation of crypto asset management software in custodian banks, central counterparty clearing houses, payment market infrastructures to effectively integrate crypto assets with conventional financial asset management systems will drive the market growth. Other factors including the increase in venture capital investments, higher remittances in venture capital investments, and the expansion of blockchain technology are expected to expand the market growth. However, lack of awareness and technical expertise pertaining cryptocurrency and inadequate regulatory framework are the restraining factors of crypto asset management market. In addition, the growing concerns about the performance variations across cryptocurrency exchanges, and issues with privacy, security, and control might further obstruct the Crypto Asset Management Market growth.

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Deployment Mode –  Segment Analysis

On-premises deployment mode is estimated to witness the highest CAGR over the forecast period, owing to the growing demand for security and increasing demand for functionalities including easy deployment, high-end safety, and complete access to crypto asset solutions. The deployment mode offers reliability, flexibility, and scalability, thus, providing solutions vendors complete control over data, Software, and hardware, fueling the segment’s growth.

Vertical – Segment Analysis
Retail and eCommerce are projected to witness a higher CAGR in the global crypto asset management market during the forecast period. Increasing adoption of cryptocurrency across retail and eCommerce industry owing to the remarkable benefits including less processing time, low cost, and safe transactions have stimulated the need for crypto asset management platforms, thus, fueling the segment’s size.

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Regional – Segment Analysis:
Asia Pacific region is anticipated to hold a larger share in the crypto asset management market during the forecast period, owing to the rapid digitalization, economic expansion, and increasing advancements in the cloud computing and network infrastructure. Moreover, the expansion of cryptocurrencies has attracted several large financial institutions to attain higher business agility in the banking systems, driving the regional growth.

North America is estimated to lead the crypto asset management market globally, owing to the adoption of Bitcoin or Cryptocurrencies. The early adoption of advanced technologies and rapid digitization has bolstered the regional growth. For example, In 2020, BitPay, the blockchain payments vendor, launched the BitPay Card, the first Mastercard Prepaid card for crypto users in the United States.

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 2020 – BitGo, Inc. through its new entity BitGo Prime introduced institutional trading services for cryptocurrency. The conventional trading services such as hedge funds, fiduciaries, asset managers, fund managers among others will be available for cryptocurrency.
  • In 2020, Bakkt acquired certain assets of Rosenthal Collins Group, an independent futures commission merchant.
  • In 2020, Blox collaborated with Origin Protocol to launch Crypto Finance Tools for Decentralized Marketplace Businesses.
  • In 2021: Gemini Trust Company, LLC introduced crypto fund services full suit, Gemini Fund Solutions, for fund managers. The solution provides clearing, custody, trade execution, and other capital markets services over a single platform
  • 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?

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