The crypto asset management market would exceed $9 billion by 2030

According to Allied Industry Research, the bitcoin asset management market would increase to $9.4 billion by 2030. In 2020, it was $670 million.

- From 2021 to 2030, the rise predicted by the study corresponds to a 30 percent compound annual growth rate.

- The COVID-19 epidemic, according to Allied Market Research, is pushing banks and other institutions to embrace cloud-based crypto asset management.

- According to Allied, increased digitalization of financial services, more crypto investments, and better access to crypto assets will drive development for the rest of the decade.

- North America now dominates the crypto asset management industry, and this is expected to continue until 2030. The Asia-Pacific area, on the other hand, is expected to experience substantial growth owing to the existence of a high number of crypto mining businesses that will likely resort to crypto asset-management solutions to assist manage their business operations, according to Allied.