The global crypto asset management market is estimated to grow from $400m in 2020 to $1.1bn in 2025, representing a compound annual growth rate of 23.8%.
The estimation is made in a new report from MarketsandMarkets. The researchers predicted that the key driver behind this growth will be the new mobile apps created to exchange cryptocurrencies.
It noted that these apps has made it easier for asset traders and miners to manage their assets.
The researchers also noted that the increasing number of cryptocurrency users around the globe means that the the crypto asset management space could find itself with plenty of more customers in the future.
North America is expected to lead the growth of the market thanks to the U and Canada’s strong economic conditions.
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