The global crypto asset management market is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The increasing venture capital funding and growing investments in crypto asset management technology would drive market growth.
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By end user, Individual User is expected to lead the crypto asset management market 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. Multiple utility mobile applications help the individual user organize and manage day-to-day tasks. Some of these applications require access to some of the user’s personal data. With the advent of social media, large amount of personal sensitive data is also stored on these mobile devices. With a significant amount of sensitive data stored online, many individual users opt for crypto asset management solutions to protect their data, whereas large number of individuals still do not opt for premium security software. However, with the increasing awareness about potential cyber threats, the adoption of crypto asset management solutions is rising across the individual end user segment.
Based on enterprise vertical, institutions segment to lead the crypto asset management market during the forecast period
Institutional clients are the major contributors to the growth of crypto asset management market. The financial firms are adopting crypto asset management solutions for safeguarding their crypto assets and streamline exchange and trading processes. Over the last few years, custodian solution has garnered more attention among leading financial firms, particularly hedge funds and investment funds. The crypto asset management platform offers custody for cryptocurrency, and processes transactions with greater safety. The platform has the capability to manage multiple accounts without compromising security. As per wallet service providers, cryptocurrency is gaining attention from financial firms, businesses, and government authorities.
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Unique Features in the Crypto Asset Management Market
Platforms for managing cryptocurrency assets may provide diverse cryptocurrency portfolios, enabling investors to diversify their risk across a range of digital assets.
In an effort to minimise risk and maximise returns, some platforms automate buying and selling choices based on predetermined criteria by utilising algorithmic trading techniques.
Investors can engage in a variety of DeFi activities, including yield farming, liquidity providing, and lending, on a single platform by integrating with decentralised finance protocols.
Traditional assets may be tokenized by platforms, giving investors access to tokenized versions of real assets on blockchain networks, such as equities or real estate.
The allocation of assets within a portfolio is adjusted by automated portfolio rebalancing methods in response to market conditions, guaranteeing that the portfolio maintains alignment with the investor’s objectives and risk tolerance.
Major Highlights of the Crypto Asset Management Market
As more conventional financial institutions looked into ways to get into the digital asset market, institutional investors’ interest in crypto asset management grew.
Exchange-traded funds (ETFs), tokenized assets, index funds, crypto funds, and other various crypto investment products have proliferated in the market, offering investors a variety of ways to participate in the cryptocurrency space.
Governments all over the world were investigating legal frameworks for crypto assets and crypto asset management in an effort to give the industry greater legitimacy and investor protection. As a result, regulatory changes and scrutiny were increasing.
Integration of DeFi (Decentralised Finance) was a prominent trend; to profit from the DeFi ecosystem, several crypto asset management platforms provide services including yield farming, decentralised lending, and liquidity provision.
Users can now engage in decentralised finance activities without depending on conventional financial intermediaries thanks to the development of decentralised asset management platforms and protocols.
Top Key Companies in the Crypto Asset Management Market
Key and innovative vendors in the Crypto asset management market include Coinbase, Inc. (US), Gemini Trust Company, LLC. (US), Crypto Finance AG (Germany), Vo1t Ltd (UK), Bakkt, LLC (US), BitGo, Inc. (US), Ledger SA (France), METACO SA (Switzerland), Iconomi Ltd. (UK), EXODUS MOVEMENT, INC. (US), Xapo, Inc. (Switzerland), Paxos Trust Company, LLC. (US), Koine Money Ltd (England), Amberdata, Inc. (US), Tradeium Capital, LLC. (Germany), Opus Labs CVBA (Belgium), Kryptographe Inc (UK), and others.
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 have been the most adopted strategies by the major players from 2019 to 2021 to innovate their offerings and broaden their customer base.
Coinbase
Coinbase was founded in 2012 and is headquartered in San Francisco, US. It provides an online platform for digital cryptocurrency exchanges between merchants, consumers, and institutions. Its products and services include Asset Management, Consumer, Commerce, Custody, Earn.com, Paradex, Prime, Pro, and Wallet. For institutional customers, it provides digital asset custody solutions offering services such as Segregated Cold Storage, Financial and Security Controls, Dedicated Coverage, Service Level Agreements (SLAs) on fund transfers, and Insurance and Upcoming Service Multiuser Accounts. The company’s prime investors include Andreessen Horowitz, USV, DFJ Growth, MUFG, BBVA, and USAA. The company aims at forming an open financial system for every individual. The open financial system is not governed by any institution or body. Currently, the company has a presence in North America, Europe, APAC, and MEA.
Coinbase Offerings: Toshi (Hot Wallet), Custody Services, and Coinbase Prime.
Gemini:
Gemini is a trust regulated by the New York State Department of Financial Services (NYSDFS). It was founded in 2014 and is headquartered in New York, US. It provides digital asset exchange and custodian services. It also provides the trading of cryptocurrencies, such as Bitcoin and Ethereum, by converting them into the fiat currency, the US dollar. For trading, it offers 15 distinct pairs. These pairs are made with the combination of cryptocurrencies and the US dollar. Gemini’s custody services include depository account, segregated custody account, customer funds, and regulatory oversights. The company offers the trading of digital assets in the sandbox environment, wherein auctions are held daily.
Gemini Offerings: Custody and wallet services
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