Crypto Asset-Management Market Will Exceed $9B by 2030: Study

The cryptocurrency asset-management market will grow to $9.4 billion by 2030, according to a new report from Allied Market Research. It was $670 million in 2020.

• The increase projected by the report equates to a compound annual growth rate of 30% from 2021 to 2030.
• Allied Market Research sees the COVID-19 pandemic as a driving force behind the adoption of cloud-based crypto asset management by banks and other institutions.
• Increased digitization of financial services, surging investments in crypto and access to easier ways of purchasing crypto assets will fuel growth throughout the remainder of the decade, Allied said.
• The crypto asset-management market is dominated by North America, and that is forecast to remain the case through 2030. However, Allied sees the Asia-Pacific region experiencing significant growth due to the presence of large numbers of crypto mining enterprises that are likely to turn to crypto asset-management solutions to help manage their business processes.

Read more: Neuberger Berman Greenlights Indirect Crypto Investments for Commodities Fund