U.S. and Europe Crypto Asset Management Market, By Solution (Wallet Management, Custodian Solutions), Deployment Mode (Cloud, On-Premise), Application Type (Mobile, Web-Based), Operating System (Android, IOS, and Others), End User (Individual, Enterprise), Vertical (BFSI, Healthcare, Government, Retail and E-Commerce, Travel and Hospitality, Media and Entertainment, and Others) - Industry Trends and Forecast to 2030.
U.S. and Europe Crypto Asset Management Market Analysis and Insights
Cryptocurrencies and other assets are now easier to acquire and sell than in the past. To purchase or sell crypto assets, you need to open an account with the exchange of your choosing and select a wallet that it supports.
Because of the ease with which crypto assets can be obtained, it is critical to have a method for managing them, similar to how you would handle traditional investments in a portfolio. Many people and businesses realized this need and developed tools and applications that are now standard in more traditional financial markets-asset management apps and services.
Instead of managing several accounts and wallets from different exchanges while juggling traditional assets, crypto asset management systems simplify the process by assisting users in consolidating their diverse holdings while giving superior portfolio management capabilities.
Data Bridge Market Research analyses that the U.S. & Europe crypto asset management market will grow at a CAGR of 30.7% from 2023 to 2030.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2016)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Solution (Wallet Management, Custodian Solutions), Deployment Mode (Cloud, On-Premise), Application Type (Mobile, Web-Based), Operating System (Android, IOS, and Others), End User (Individual, Enterprise), Vertical (BFSI, Healthcare, Government, Retail and E-Commerce, Travel and Hospitality, Media and Entertainment, and Others)
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Regions Covered
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U.S., U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, and the rest of Europe
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Market Players Covered
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Coinbase Global, Inc., Gemini Trust Company, LLC., Crypto Finance Group, Genesis Global Trading, Inc., Bakkt Holdings, Inc., BitGo Inc., Ledger SAS., Xapo Holdings Limited, Paxos Trust Company, LLC, Blockdaemon, Binance (Services Holdings) Limited, CoinStats Inc, Fireblocks, Bankex, copper.co, and CYBAVO Pte. Ltd among others.
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Market Definition
Crypto asset management is the activity of purchasing and selling digital assets for use as investments while managing a portfolio to achieve overall value growth. A software and system solution known as DAM may efficiently store, organize, manage, retrieve, and disseminate an organization's digital assets. Using DAM features, many businesses may create a centralized area where they can access their digital assets. Crypto asset management is the cryptocurrency version of digital asset management. Investors can gain access to block chain or cryptocurrency assets via a variety of channels with the assistance of crypto asset management, which is frequently offered as a full or partial services solution. These services may be provided directly by crypto asset management organizations or through a third-party service provider. These organizations are in charge of selecting the best crypto assets for their clients' portfolios, monitoring and analysing those assets' performance, helping beginner investors through the crypto market, and providing all-around support as needed.
U.S. and Europe Crypto Asset Management Market Dynamics
Driver
- Increasing Adoption of Cryptocurrency in The Financial Market
Cryptocurrencies and the blockchain business have gained much popularity in recent years. Investors are increasingly able to get institutional-grade custody services as the most needed financial infrastructure is being constructed. Professional and individual investors are gradually gaining access to the tools and machines they need to manage and protect their cryptocurrency holdings.
Opportunity
- Increase in Various Strategic Decisions Such as Partnership and Acquisition
Strategic partnerships and acquisitions help the companies to work for the desired goal. As the marketplace is changing and evolving, the customers are consistently looking for new and advanced products which can help them in U.S. & Europe crypto asset management market efficiently. Also, they are looking for platforms that can help them receive different services regarding the market.
Restraint/Challenge
- High Transaction Fees
The high transaction fees of cryptocurrency U.S. Crypto Asset Management Market are highly affecting the growth of the market. Bitcoin transactions began to fluctuate significantly as more people became interested in cryptocurrency. Transaction fees refer to the money paid to Bitcoin miners in order for transactions to be approved, and costs can rise as the number of users grows. Because the blockchain has a finite amount of space to process all of the transactions, it becomes congested. Growing transaction fees represent both the number of Bitcoin transactions in a queue to be processed and an incentive for miners to handle the particularly large transactions, which are more profitable for them.
Recent Development
- In January 2023, Copper.co announced its strategic partnership with Bybit, the world’s third most visited crypto exchange. The company is strengthening its institutional digital asset custody and trading solutions, to Bybit’s institutional clients via Copper’s market leading ClearLoop service. This helped the company to increase its market presence in the market.
U.S. and Europe Crypto Asset Management Market Scope
U.S. & Europe crypto asset management market is segmented on solution, deployment, application type, operating system, and end user, vertical. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Solution
- Wallet Management
- Custodian Solutions
On the basis of solution, the U.S. & Europe crypto asset management market is segmented into wallet management, and custodian solutions.
Deployment mode
- Cloud
- On-Premise
On the basis of deployment mode, the U.S. & Europe crypto asset management market is segmented into cloud and on-premise.
Application type
- Mobile
- Web-Based
On the basis of application type, the U.S. & Europe crypto asset management market is segmented into mobile and web-based.
Operating system
- Android
- IOS
- Others
On the basis of operating system, the U.S. & Europe crypto asset management market is segmented into android, ios, and others.
End user
- Individual
- Enterprise
On the basis of end user, the U.S. & Europe crypto asset management market is segmented into individual and enterprise.
Vertical
- BFSI
- Healthcare
- Government
- Retail and e-commerce
- Travel and Hospitality
- Media and Entertainment
- Others
On the basis of vertical, the U.S. & Europe crypto asset management market is segmented into bfsi, healthcare, government, retail and e-commerce, travel and hospitality, media and entertainment, and others.
U.S. and Europe Crypto Asset Management Market Regional Analysis/Insights
The crypto asset management market is analysed, and market size insights and trends are provided by the solution, deployment, application type, operating system, and end user, vertical and countries as referenced above.
U.S. & Europe market consist of the countries U.S., U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, and the rest of Europe.
Germany is expected to dominate the U.S. & Europe crypto asset management market as Germany is regional leader in adopting asset management application.
The country section of the crypto asset management market report also provides individual market impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the significant pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and U.S. and Europe Crypto Asset Management Market Share Analysis
U.S. & Europe crypto asset management market competitive landscape details the competitors. details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. the above data points are only related to the companies' focus on U.S. & Europe crypto asset management market.
Some of the manufacturers operating in the market are Coinbase Global, Inc., Gemini Trust Company, LLC., Crypto Finance Group, Genesis Global Trading, Inc., Bakkt Holdings, Inc., BitGo Inc., Ledger SAS., Xapo Holdings Limited, Paxos Trust Company, LLC, Blockdaemon, Binance (Services Holdings) Limited, CoinStats Inc, Fireblocks, Bankex, copper.co, and CYBAVO Pte. Ltd among other.
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