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Laxman Pai, Opalesque Asia: The global crypto asset management market size 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.
According to a report by MarketsandMarkets, the increasing venture capital funding and growing investments in crypto asset management techniques are expected to enhance the use of crypto asset management solutions across the globe.
With a rise in 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, it said.
Institutional clients are the major contributors to the growth of the crypto-asset management market. The financial firms are adopting crypto asset management solutions for safeguarding their crypto assets and streamlining exchange and trading processes, the report said.
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 can manage multiple accounts without compromising security. As per wallet service providers, cryptocurrency is gaining attention from financial firms, businesses, and government authorities.
North America to hold the larg...................... To view our full article Click here
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