Crypto Asset Management Service Market Size, Share, By Type (On-premises and Cloud), By Application (Institutions, Retail & Ecommerce, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Crypto Asset Management Service Market Size was valued at US$ 1.37 billion in 2024 and is projected to grow at a CAGR of 23.3% to reach US$ 9.3 billion by 2034.

Asset management is a custom as ancient as investing. Asset management keeps an eye on, purchases, and disposes of investments to maximize portfolio diversification, control risk, and boost returns. Applying the same technique to digital assets residing on blockchain technology, such as cryptocurrency, such as Bitcoin and Ethereum, DeFi coins, NFTs, and so forth, is known as crypto asset management. Asset management for crypto currencies encompasses both personal possessions and investments made by outside parties on your behalf. Because crypto assets are so easily accessed, it is imperative to have a strategy for managing them, much like the strategy used for managing traditional investments in a portfolio. Recognizing this need, numerous individuals and businesses developed asset management applications and services, now standard in more established financial markets.

To ensure that the users are making progress towards their financial goals, a crypto asset management tool that tracks the changes in a portfolio over time can provide users with meaningful insights about which assets to hold and which to sell. Cryptocurrency asset management is becoming increasingly popular because it transforms what might be an intimidating task into an attainable goal that enables investors to realize their full potential. A person may benefit from your assets without worrying about the technical specifics with the help of crypto asset management systems and solutions.

The main market drivers include the rising investments in blockchain technology and the quick development of crypto asset management. Growing investments in cryptocurrency funds, along with the asset management industry's change, are predicted to impact the growth of the crypto asset management services market in the upcoming years. However, during the course of the projected period, the market for crypto asset management may expand less due to a lack of technical knowledge and awareness of cryptocurrency, security concerns, and strict legislative frameworks in certain nations.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Crypto Asset Management Service Market Drivers:

Escalating demand for cryptocurrency assets security

• More businesses are utilizing digital assets like Bitcoin for investing purposes. Organizations are investing in crypto currencies more frequently due to growing institutional interest, which creates a requirement for digital asset protection. An organization's competence to safeguard private keys is essential, regardless of whether it has acquired exposure to digital assets. Cryptographic keys required for sending, receiving, and claiming ownership of a token or cryptocurrency on behalf of an owner are stored in the wallet associated with that coin.
• Digital assets must be protected, especially regarding potential liquidity or access requirements. The expansion of the crypto-asset ecosystem and the widespread adoption of crypto-assets by institutions and private individuals have made the emergence of new operators offering crypto-asset-management services possible. These services enable participants to access and use crypto-assets and safely keep and spend their funds.

The exponential rise of blockchain technology 

• In recent years, there has been a notable surge in interest in crypto currencies due to advancements in blockchain technology. The desire for trustworthy investment choices in the cryptocurrency market is rising as the industry gains traction. Furthermore, as blockchain technology develops, it may provide multifunctional business applications for a variety of end-user industries, expanding its services to encompass the massive expansion of digital assets. Over the projection term, this will considerably fuel demand for cryptocurrency asset management.

Crypto Asset Management Service Market Restrains:

Lack of Recognition and Information about Crypto currencies

• The two biggest obstacles preventing crypto currencies from becoming widely used are a need for more awareness about use cases and a poor technical understanding of transaction processes. Most industry end users don't know about the benefits of crypto currencies and need help understanding how they work. Lack of public knowledge and education is one of the main obstacles preventing the widespread use of crypto currencies.
• Crypto currencies are not backed by a single body and are also decentralized, which presents risks as well as opportunities for investors. The decentralized nature of crypto currencies increases the likelihood of fraud, and investors who fall victim to it do not have the same legal protections as those who fall victim to traditional fraud. This element would pose serious difficulties for the cryptocurrency asset management market over the forecast period.

Crypto Asset Management Service Market Opportunities:

• Many new crypto currencies have surfaced recently, propelling the global crypto asset management sector forward. Furthermore, a lot of people lost their jobs as a result of the global economic crisis, and a large number of those individuals began investing in crypto currencies as a way to supplement their income. There have also been new careers in this area, with people opting to work as influencers in the cryptocurrency space, traders, and technical analysts. The global market for crypto asset management has grown due to individual investors' attraction to crypto assets.

Crypto Asset Management Service Market is segmented based on type, application, and region.

Type Insights

• On-premises: Given its ability to be implemented on an organization's IT infrastructure and higher level of security than cloud computing, on-premises software is expected to grow at the fastest rate during the forecast period, continuing to dominate the global market. Locally, all operational tasks, such as setup, configuration, maintenance, and solution deployment, are carried out on the end-user's property.
• Cloud: In light of a paradigm shift in deployment methodologies from on-premise to cloud-based models, the cloud segment is predicted to grow faster. This is the main driver for individuals, small and medium-sized businesses, and certain large-scale corporations adopting cloud-based crypto asset management. Leading providers in the crypto money management space have also launched plans to assist companies in switching from on-premise to cloud-based crypto asset management models, which is driving the market's expansion even further.

Application Insights

• Institutions: The global market for cryptocurrency asset management services is seeing a rapid increase in institutional use. As more institutional investors, including hedge funds, corporate treasuries, and asset managers, enter the cryptocurrency space, the demand for professional asset management services is rising.
• Retail & E-commerce: For retail and e-commerce, crypto asset management services offer a simple way to start and manage Bitcoin transactions. It expedites money transfers, lowers transaction costs, and streamlines payment.
• Others: The other category comprises services intended to offer solutions and specialised services for particular use cases. Financial services for start-ups and other high-risk industries, instruments for automated cryptocurrency trading, and software for monitoring and managing digital asset portfolios are a few examples.

Crypto Asset Management Service Market Regional Insights

• The North American market is anticipated to see a notably high revenue share during the projected period because the US and Canada are supreme in the adoption of crypto currencies like Bitcoin. Asset management solutions are also being adopted quickly because the US is one of the major cryptocurrency trading and transactions marketplaces. The early adoption of cutting-edge technologies and digitization is anticipated to increase the regional market for cryptocurrency asset management services.
• Asia Pacific market is predicted to experience the fastest revenue share growth because there are many cryptocurrency mining companies. These companies, especially in developing nations like China, India, and Singapore, use hosted crypto asset management solutions to manage their business processes effectively. The region's market is expanding due to many variables, such as the augmentation of digitization, enhancement of online transactions, and economic expansion.
• The European market is gradually growing due to the region's gaining popularity of cryptocurrency payments and increasing curiosity about crypto currencies. The region's quickly expanding banking and financial investment sectors drive the demand for cryptocurrency asset management services. 
• The Latin American market is a developing area where smartphone usage is increasing, making access to cryptocurrency exchanges and management platforms easier.
• Middle East & Africa market is still in the early phases of development. Still, in some MEA nations, cryptocurrency may help with cross-border payments, inflation hedging, and international commerce facilitation.

Crypto Asset Management Service Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Crypto Asset Management Service Market report based on type, application, and region:

Crypto Asset Management Service Market, By Type:

• On-premises
• Cloud

Crypto Asset Management Service Market, By Application:

• Institutions
• Retail & Ecommerce
• Others

Crypto Asset Management Service Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Crypto Asset Management Service Market includes, Coinbase, Inc., Gemini, Inc., Crypto Finance AG, Vo1t Ltd., Digital Asset Custody Co., Inc., Bitgo, Inc., Ledger SAS, Metaco SA, Com, Inc., and Exodus S.A.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In October 2022, the Venture capital arm of cryptocurrency-focused asset manager BlockTower opened a new USD 150 million fund to support blockchain infrastructure and decentralized finance (DeFi) initiatives.
• In March 2021, The Gemini Trust Company LLC unveiled Gemini Fund Solutions, a comprehensive cryptocurrency fund-service suite for fund managers. The technology offers transaction execution, clearing, custody, and other capital markets services on a single platform.

• Coinbase, Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Gemini, Inc.
• Crypto Finance AG
• Vo1t Ltd.
• Digital Asset Custody Co., Inc.
• Bitgo, Inc.
• Ledger SAS
• Metaco SA
• Com, Inc.
• Exodus S.A.

"*" marked represents similar segmentation in other categories in the respective section.