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(EMAILWIRE.COM, April 10, 2019 ) 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.
Key players in the global crypto asset management market include Altairian Capital (UK), BitGo (US), Coinbase (US), Crypto Finance AG (Switzerland), Digital Asset Custody Company (US), Exodus Movement, Gemini (US), ICONOMI (Slovenia), itBit (US), Koine Finance (UK), Ledger (France), Metaco SA (Switzerland), Vo1t (UK), and Xapo (US).
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.
On-premises solutions are expected to be in a greater demand, due to their wide range of functionalities, such as high-end security, easy deployment, and complete access to crypto asset solutions. The higher demand for security could propels the growth of the on-premises solutions. This deployment type witnesses a high demand and is popular among the end-users. The solution providers have full control over the infrastructure, software, hardware, data, maintenance, and the support they deliver.
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Source: EmailWire.com
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