Crypto Asset Management Market Size

Crypto Asset Management Market size was over USD 1.06 billion in 2023 and is poised to cross USD 17.19 billion by 2036, growing at more than 23.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crypto asset management is evaluated at USD 1.26 billion.

The increasing investments in crypto asset management technology, along with the rapid growth of blockchain technology, are expected to fuel the progress of this market. Along with this, rise in investments in cryptocurrencies worldwide as a result of their high profitability potential is also expected to support the growth of the market in the near future. The growth of the market can also be attributed to factors such as the rise in venture capital investments globally and growing need to safeguard crypto assets. Furthermore, the influx of multiple cryptocurrencies in the market is projected to lead to the growing demand to secure crypto asset and network.

According to a report published by the World Economic Forum in 2021, cryptocurrency is being increasingly used in developing countries. Nigeria tops the list of cryptocurrency user countries globally with 33% population either using or owning cryptocurrency. The dependence on remittances and use for peer-to-peer phone payments have led to a rapid rise in the use of cryptocurrency in Nigeria.