The growth of crypto custody

The adoption of cryptocurrency is growing across large as well as small financial institutions. Therefore, the wallet management segment has seen the highest growth rate in the last few years.

The process of purchasing cryptocurrencies is still harder than buying regular equities. As cryptocurrencies attract new enterprise users, more market participants are becoming aware of the need for straightforward tools designed to manage crypto custody.

As a result, companies are introducing a tool that is now commonplace in more traditional financial markets: asset management. Instead of having to manage multiple accounts and wallets, crypto asset management platforms are simplifying the process by helping users consolidate their diverse holdings while simultaneously providing improved portfolio management tools.

As existing crypto asset managers grow their assets under management and new entrants are flocking to space, the need for easy-to-use and secure treasury solutions is becoming more urgent. And they’re not the only ones.