Telecommunications News
Telecommunications News
Press release distribution service

Home > Telecom Services Search Engine                                 

Telecommunication News

Altairian Capital (UK), BitGo (US), Coinbase (US), Crypto Finance AG (Switzerland) are Leading Players in Crypto Asset Management Market
(Telecom-NewsWire.Net, November 07, 2018 ) The crypto asset management platform helps businesses manage and secure their crypto assets, such as Bitcoin, Ripple, Ethereum, and altcoins. Amidst the growing security concerns, financial institutions are rapidly implementing crypto asset management platforms, which manage, store, and safeguard their digital assets. The solution providers are offering end-to-end turnkey solutions for institutional clients. Vendors are also offering custodian services that help businesses reduce the risks related to crypto assets and offer several benefits, such as scalability, flexibility, and transparency.

The global crypto asset management market size is expected to grow from USD 94 million in 2018 to USD 207 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. The major growth drivers for the market include the need for safeguarding crypto currency assets, the growth in crytpocurreency market, and the proliferation of the blockchain technology.

PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=201925303

The cloud deployment type is expected to show a higher growth rate during the forecast period

In the crypto asset management market by deployment type, the cloud deployment type is expected to show a higher growth rate during the forecast period. The advantages of the cloud deployment type include flexibility, scalability, affordability, operational efficiencies, and the low-cost factor. The overall adoption of cloud-based solutions is in the introductory phase and is expected to increase during the forecast period, due to the wide range of functionalities and core features the solutions provide.

Among end-users, the institutions segment is expected to gain the highest traction during the forecast period

In the crypto asset management market by end-user, the institutions segment is expected to grow at the highest CAGR during the forecast period. Cryptocurrency has been widely accepted by institutional clients across the globe. Financial firms are expected to integrate digital currency in their traditional banking system. Cryptocurrencies offer several benefits to institutional clients, and these benefits include higher security, decentralized approach, borderless transaction settlement, and faster payment system. Hence, the adoption of cryptocurrency is expected to gradually increase in the coming years.

North America is expected to hold the largest market size duringthe forecast period

North America is expected to hold the largest market size in the global crypto asset management market. Institutions in this region are adopting crypto asset management solution and services to manage and secure their cryptocurrencies and digital assets. Cryptocurrency has been prevailing over the last few years, owing to the advancements in the blockchain technology. The US is home to several blockchain projects and platform providers, heavy cryptocurrency trading, and crypto fund. Large financial institutions in the US are leveraging the capabilities of the blockchain technology to launch their own digital currencies.

The crypto asset management market comprises major solution providers, such as Altairian Capital (UK), BitGo (US), Coinbase (US), Crypto Finance AG (Switzerland), Digital Asset Custody Company (US), Exodus Movement, Gemini (US), ICONOMI (SIovenia), itBit (US), Koine Finance (UK), Ledger (France), Metaco SA (Switzerland), Vo1t (UK), and Xapo (US). The study includes in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies. Coinbase, BitGo, Gemini, and Metaco SA are the leading vendors in the market. These solution providers have adopted organic and inorganic strategies, such as new product launches, acquisitions, business expansions, and partnerships, to expand their business reach and drive their business revenues. Moreover, various crypto asset management solution providers are adopting different strategies, such as venture capital funding, funding through ICO, new product launches, acquisitions, and partnerships and collaborations to increase their presence in the global market.

Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=201925303

MarketsandMarkets

Mr. Shelly Singh

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Wireless & Cell Phones
  • Cell Phone News
  • Bluetooth
  • Best Video Phones
  • Camera Phones
  • Accessories
  • Flip Phones
  • Best GPS Phones
  • Smart Phones
  • Telecom Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    RFID Business Value - Making the Case for RFID
    The 2008 Enterprise Mobility Benchmark Report
    MissionCritical Communications

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Telecom-Newswire.Net is a telecom news service of GroupWeb Media LLC