Cryptocurrency Custodial Services Market

Global Cryptocurrency Custodial Services Market Size, Trends & Analysis - Forecasts to 2028 By Type of Custodian Services (Securities Safekeeping, Settlement Services, Corporate Actions Processing, Cash Management, Asset Servicing, Foreign Exchange Services, and Others), By End User (Individual and Enterprises), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on May 2 2024 with the latest and most recent market numbers

Global Cryptocurrency Custodial Services Market Size

The global cryptocurrency custodial services market is expected to grow at a CAGR of 20.7% from 2023 to 2028. Cryptocurrency custodial services refer to securely storing and managing cryptocurrencies on behalf of individuals or organizations. Custodial services play a crucial role in helping users secure their digital assets.

The main driving factors for the global cryptocurrency custodial services market growth are the expanding cryptocurrency market and the proliferation of blockchain technology across the world. Many people and organizations use cryptocurrency for various activities, such as online transactions, investments, and value storage. Institutional investors have entered the cryptocurrency space, including family businesses, hedge funds, and conventional financial institutions. Their participation has expanded the market's overall size by giving it more credibility and funding. In general, there is growing awareness about cryptocurrencies and blockchain technology due to increased media coverage and public awareness of cryptocurrencies. Blockchain technology has proliferated across several sectors such as finance and events. Blockchain is used for faster and cost-effective cross-border payments. This reduces the requirement for traditional banking intermediaries. They have entered the event and sports industry through NFT collectible tickets.

The market has its restraints. Majority of the cryptocurrency related issues lie outside the legal framework though several countries such as India and the USA are trying to bind it in the legal regulatory framework. Cryptocurrency users have limited legal protections compared to traditional financial transactions. The lack of a clear regulatory framework for cryptocurrencies can create uncertainty for businesses and investors. They may not be sure how to comply with tax laws or other regulations, and this uncertainty can hinder adoption of cryptocurrency.

global cryptocurrency custodial services market

Global Cryptocurrency Custodial Services Market: By Type of Custodian Services

Based on type of custodian services, the market is segmented into securities safekeeping, settlement services, corporate actions processing, cash management, asset servicing, foreign exchange services, and others. The securities safekeeping segment is anticipated to hold the largest share of the market during the forecast period. This service involves the secure storage of digital assets, such as cryptocurrencies and tokens. Custodians ensure the safekeeping of private keys and cryptographic assets to protect them from theft, hacks, or loss.

The foreign exchange services segment is projected to exhibit the highest CAGR over the forecast period. Exchanges of cryptocurrencies for fiat money or conversions between different cryptocurrencies can be facilitated by custodians that provide foreign exchange services. Businesses handling several currencies and foreign investors find this advantageous.

Global Cryptocurrency Custodial Services Market: By End User

Based on end user, the market is segmented into individual and enterprises. The enterprises segment is anticipated to be the dominant segment in the market during the forecast period. This is due to the cryptocurrency custodial services that majorly target institutional investors who hold large amounts of cryptocurrencies. It corresponds to the traditional custodial services banks provide for large amounts of cash and other valuable assets but in cryptocurrency.

The individual segment is projected to witness fastest growth over the forecast period. There is a growing awareness among individuals regarding cryptocurrency. Custodial services make it easier for individuals to manage their cryptocurrency holdings. They handle tasks like private key storage, wallet management, and security, which can be complex and daunting for those who are not technologically savvy. These platforms have user-friendly interfaces, making it convenient for individuals to access and manage their cryptocurrency holdings.

asia pacific cryptocurrency custodial services market

Global Cryptocurrency Custodial Services Market: By Region

North America is analyzed to be the largest region in the global cryptocurrency custodial services market during the forecast period. The growth is attributed to the surge in companies offering cryptocurrency-related services in Canada and the United States, such as trading platforms, wallets, payment processors, and mining operations. There are also significant steps being taken to regulate cryptocurrency in the region to attract more investment from individuals.

Asia Pacific is analyzed to be the fastest-growing region in the global cryptocurrency custodial services market during the forecast period. Asia is one of the regions with the most significant users of NFT and cryptocurrency, mainly in countries such as Thailand and the Philippines. Rapid urbanization and digital advancements have enhanced the network system and economic growth, and the digital payment system has influenced the financial system in the Asia Pacific region. Cryptocurrency allows institutional clients to do transactions and cross-country exchanges without significant obstacles. These factors drive the growth of the APAC cryptocurrency custodial services market.

Global Cryptocurrency Custodial Services Market Share and Competitor Analysis

The key players operating in the market are Coinbase Custody, BitGo, Gemini Custody, Anchorage, Hex Trust, Cobo Custody, Bakkt, Bitcoin Suisse, Onchain Custodian, and HashKey Custody, among others.  

Please note: This is not an exhaustive list of companies profiled in the report.

Recent Developments

In June 2022, BitGo announced the launch of their non-fungible tokens (NFT) hot wallet and custody solution. This is the first U.S.-qualified custody solution that can be paired with hot wallets for the NFT industry, providing marketplaces, retail platforms, and NFT portfolio holders the guardrails needed to participate in the NFT ecosystem.

In January 2023, Bitcoin Suisse created a next-generation crypto-financial technology platform, powered by TCS BaNCS for banking, supporting the Bitcoin’s journey of becoming a leading global crypto-financial services provider.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL CRYPTOCURRENCY CUSTODIAL SERVICES MARKET, BY TYPE OF CUSTODIAN SERVICES

4.1   Introduction

4.2   Cryptocurrency Custodial Services Market: Type of Custodian ServicesScope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Securities Safekeeping

4.4.1        Securities Safekeeping Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Settlement Services

4.5.1        Settlement Services Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Corporate Actions Processing

4.6.1        Corporate Actions Processing Market Estimates and Forecast, 2020-2028 (USD Million)

4.7   Cash Management

4.7.1        Cash Management Market Estimates and Forecast, 2020-2028 (USD Million)

4.8   Asset Servicing

4.8.1        Asset Servicing Market Estimates and Forecast, 2020-2028 (USD Million)

4.9   Foreign Exchange Services

4.9.1        Foreign Exchange Services Market Estimates and Forecast, 2020-2028 (USD Million)

4.10 Others

4.10.1      Others Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL CRYPTOCURRENCY CUSTODIAL SERVICES MARKET, BY END USER

5.1   Introduction

5.2   Cryptocurrency Custodial Services Market: End User Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Individual

5.4.1        Individual Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Enterprises

5.5.1        Enterprises Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL CRYPTOCURRENCY CUSTODIAL SERVICES MARKET, BY REGION

6.1   Introduction

6.2   North America Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.1        By Type of Custodian Services

6.2.2        By End User

6.2.3        By Country

6.2.3.1     U.S. Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.1.1        By Type of Custodian Services

6.2.3.1.2        By End User

6.2.3.2     Canada Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.2.1        By Type of Custodian Services

6.2.3.2.2        By End User

6.2.3.3     Mexico Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.3.1        By Type of Custodian Services

6.2.3.3.2        By End User

6.3   Europe Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.1        By Type of Custodian Services

6.3.2        By End User

6.3.3        By Country

6.3.3.1     Germany Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.1.1        By Type of Custodian Services

6.3.3.1.2        By End User

6.3.3.2     U.K. Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.2.1        By Type of Custodian Services

6.3.3.2.2        By End User

6.3.3.3     France Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.3.1        By Type of Custodian Services

6.3.3.3.2        By End User

6.3.3.4     Italy Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.4.1        By Type of Custodian Services

6.3.3.4.2        By End User

6.3.3.5     Spain Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.5.1        By Type of Custodian Services

6.3.3.5.2        By End User

6.3.3.6     Netherlands Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Type of Custodian Services

6.3.3.6.2        By End User

6.3.3.7     Rest of Europe Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Type of Custodian Services

6.3.3.6.2        By End User

6.4   Asia Pacific Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.1        By Type of Custodian Services

6.4.2        By End User

6.4.3        By Country

6.4.3.1     China Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.1.1        By Type of Custodian Services

6.4.3.1.2        By End User

6.4.3.2     Japan Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.2.1        By Type of Custodian Services

6.4.3.2.2        By End User

6.4.3.3     India Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.3.1        By Type of Custodian Services

6.4.3.3.2        By End User

6.4.3.4     South Korea Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.4.1        By Type of Custodian Services

6.4.3.4.2        By End User

6.4.3.5     Singapore Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.5.1        By Type of Custodian Services

6.4.3.5.2        By End User

6.4.3.6     Malaysia Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Type of Custodian Services

6.4.3.6.2        By End User

6.4.3.7     Thailand Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Type of Custodian Services

6.4.3.6.2        By End User

6.4.3.8     Indonesia Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.7.1        By Type of Custodian Services

6.4.3.7.2        By End User

6.4.3.9     Vietnam Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.8.1        By Type of Custodian Services

6.4.3.8.2        By End User

6.4.3.10  Taiwan Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.10.1 By Type of Custodian Services

6.4.3.10.2 By End User

6.4.3.11  Rest of Asia Pacific Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.11.1 By Type of Custodian Services

6.4.3.11.2 By End User

6.5   Middle East and Africa Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.1        By Type of Custodian Services

6.5.2        By End User

6.5.3        By Country

6.5.3.1     Saudi Arabia Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.1.1        By Type of Custodian Services

6.5.3.1.2        By End User

6.5.3.2     U.A.E. Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.2.1        By Type of Custodian Services

6.5.3.2.2        By End User

6.5.3.3     Israel Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.3.1        By Type of Custodian Services

6.5.3.3.2        By End User

6.5.3.4     South Africa Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.4.1        By Type of Custodian Services

6.5.3.4.2        By End User

6.5.3.5     Rest of Middle East and Africa Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.5.1        By Type of Custodian Services

6.5.3.5.2        By End User

6.6   Central & South America Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.1        By Type of Custodian Services

6.6.2        By End User

6.6.3        By Country

6.6.3.1     Brazil Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.1.1        By Type of Custodian Services

6.6.3.1.2        By End User

6.6.3.2     Argentina Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.2.1        By Type of Custodian Services

6.6.3.2.2        By End User

6.6.3.3     Chile Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Type of Custodian Services

6.6.3.3.2        By End User

6.6.3.3     Rest of Central & South America Cryptocurrency Custodial Services Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Type of Custodian Services

6.6.3.3.2        By End User

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Coinbase Custody

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        BitGo

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Gemini Custody

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Anchorage

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Hex Trust

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Cobo Custody

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Bakkt  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Bitcoin Suisse

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Onchain Custodian

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      HashKey Custody

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

2 Securities Safekeeping Market, By Region, 2020-2028 (USD Mllion)           

3 Settlement Services Market, By Region, 2020-2028 (USD Mllion) 

4 Corporate Actions Processing Market, By Region, 2020-2028 (USD Mllion)         

5 Cash Management Market, By Region, 2020-2028 (USD Mllion)      

6 Asset Servicing Market, By Region, 2020-2028 (USD Mllion)            

7 Foreign Exchange Services Market, By Region, 2020-2028 (USD Mllion)  

8 Others Market, By Region, 2020-2028 (USD Mllion)

9 Global Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)        

10 Individual Market, By Region, 2020-2028 (USD Mllion)        

11 Enterprises Market, By Region, 2020-2028 (USD Mllion)

12 Regional Analysis, 2020-2028 (USD Mllion)

13 North America Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

14 North America Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)       

15 U.S. Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

16 U.S. Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

17 Canada Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)      

18 Canada Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)       

19 Mexico Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

20 Mexico Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)        

21 Europe Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)      

22 Europe Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)       

23 Germany Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

24 Germany Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)    

25 U.K. Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

26 U.K. Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

27 France Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

28 France Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)        

29 Italy Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

30 Italy Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)             

31 Spain Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

32 Spain Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)           

33 Netherlands Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

34 Netherlands Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

35 Rest Of Europe Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

36 Rest Of Europe Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)       

37 Asia Pacific Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

38 Asia Pacific Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

39 China Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

40 China Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)           

41 Japan Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

42 Japan Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)           

43 India Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

44 India Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)            

45 South Korea Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

46 South Korea Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

47 Singapore Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

48 Singapore Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

49 Thailand Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

50 Thailand Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)    

51 Malaysia Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

52 Malaysia Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)   

53 Indonesia Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

54 Indonesia Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

55 Vietnam Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

56 Vietnam Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)      

57 Taiwan Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)      

58 Taiwan Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)        

59 Rest of APAC Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

60 Rest of APAC Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)       

61 Middle East and Africa Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)   

62 Middle East and Africa Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)      

63 Saudi Arabia Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

64 Saudi Arabia Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

65 UAE Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

66 UAE Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

67 Israel Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

68 Israel Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)         

69 South Africa Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

70 South Africa Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

71 Rest Of Middle East and Africa Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)             

72 Rest Of Middle East and Africa Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

73 Central & South America Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)             

74 Central & South America Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)      

75 Brazil Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

76 Brazil Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)         

77 Chile Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)

78 Chile Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)            

79 Argentina Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)           

80 Argentina Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

81 Rest Of Central & South America Cryptocurrency Custodial Services Market, By Type of Custodian Services, 2020-2028 (USD Mllion)             

82 Rest Of Central & South America Cryptocurrency Custodial Services Market, By End User, 2020-2028 (USD Mllion)

83 Coinbase Custody: Products & Services Offering

84 BitGo: Products & Services Offering             

85 Gemini Custody: Products & Services Offering      

86 Anchorage: Products & Services Offering

87 Hex Trust: Products & Services Offering    

88 COBO CUSTODY: Products & Services Offering         

89 Bakkt : Products & Services Offering           

90 Bitcoin Suisse: Products & Services Offering         

91 Onchain Custodian: Products & Services Offering              

92 HashKey Custody: Products & Services Offering   

93 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Cryptocurrency Custodial Services Market Overview

2 Global Cryptocurrency Custodial Services Market Value From 2020-2028 (USD Mllion)

3 Global Cryptocurrency Custodial Services Market Share, By Type of Custodian Services (2022)

4 Global Cryptocurrency Custodial Services Market Share, By End User (2022)

5 Global Cryptocurrency Custodial Services Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Cryptocurrency Custodial Services Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Cryptocurrency Custodial Services Market

10 Impact Of Challenges On The Global Cryptocurrency Custodial Services Market

11 Porter’s Five Forces Analysis

12 Global Cryptocurrency Custodial Services Market: By Type of Custodian Services Scope Key Takeaways

13 Global Cryptocurrency Custodial Services Market, By Type of Custodian Services Segment: Revenue Growth Analysis

14 Securities Safekeeping Market, By Region, 2020-2028 (USD Mllion)

15 Settlement Services Market, By Region, 2020-2028 (USD Mllion)    

16 Corporate Actions Processing Market, By Region, 2020-2028 (USD Mllion)

17 Cash Management Market, By Region, 2020-2028 (USD Mllion)      

18 Asset Servicing Market, By Region, 2020-2028 (USD Mllion)

19 Foreign Exchange Services Market, By Region, 2020-2028 (USD Mllion)

20 Others Market, By Region, 2020-2028 (USD Mllion)    

21 Global Cryptocurrency Custodial Services Market: By End User Scope Key Takeaways

22 Global Cryptocurrency Custodial Services Market, By End User Segment: Revenue Growth Analysis

23 Individual Market, By Region, 2020-2028 (USD Mllion)

24 Enterprises Market, By Region, 2020-2028 (USD Mllion)

25 Regional Segment: Revenue Growth Analysis

26 Global Cryptocurrency Custodial Services Market: Regional Analysis

27 North America Cryptocurrency Custodial Services Market Overview

28 North America Cryptocurrency Custodial Services Market, By Type of Custodian Services

29 North America Cryptocurrency Custodial Services Market, By End User

30 North America Cryptocurrency Custodial Services Market, By Country

31 U.S. Cryptocurrency Custodial Services Market, By Type of Custodian Services

32 U.S. Cryptocurrency Custodial Services Market, By End User

33 Canada Cryptocurrency Custodial Services Market, By Type of Custodian Services

34 Canada Cryptocurrency Custodial Services Market, By End User

35 Mexico Cryptocurrency Custodial Services Market, By Type of Custodian Services

36 Mexico Cryptocurrency Custodial Services Market, By End User

37 Four Quadrant Positioning Matrix

38 Company Market Share Analysis

39 Coinbase Custody: Company Snapshot

40 Coinbase Custody: SWOT Analysis

41 Coinbase Custody: Geographic Presence

42 BitGo: Company Snapshot

43 BitGo: SWOT Analysis

44 BitGo: Geographic Presence

45 Gemini Custody: Company Snapshot

46 Gemini Custody: SWOT Analysis

47 Gemini Custody: Geographic Presence

48 Anchorage: Company Snapshot

49 Anchorage: Swot Analysis

50 Anchorage: Geographic Presence

51 Hex Trust: Company Snapshot

52 Hex Trust: SWOT Analysis

53 Hex Trust: Geographic Presence

54 COBO CUSTODY: Company Snapshot

55 COBO CUSTODY: SWOT Analysis

56 COBO CUSTODY: Geographic Presence

57 Bakkt : Company Snapshot

58 Bakkt : SWOT Analysis

59 Bakkt : Geographic Presence

60 Bitcoin Suisse: Company Snapshot

61 Bitcoin Suisse: SWOT Analysis

62 Bitcoin Suisse: Geographic Presence

63 Onchain Custodian.: Company Snapshot

64 Onchain Custodian.: SWOT Analysis

65 Onchain Custodian.: Geographic Presence

66 HashKey Custody: Company Snapshot

67 HashKey Custody: SWOT Analysis

68 HashKey Custody: Geographic Presence

69 Other Companies: Company Snapshot

70 Other Companies: SWOT Analysis

71 Other Companies: Geographic Presence

The Global Cryptocurrency Custodial Services Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Cryptocurrency Custodial Services Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cryptocurrency Custodial Services Market.

Cryptocurrency Custodial Services Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Cryptocurrency Custodial Services Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Cryptocurrency Custodial Services Market Share

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Frequently Asked Questions

The global cryptocurrency custodial services market is expected to grow at a CAGR of 20.7% from 2023 to 2028.
The key players operating in the market are Coinbase Custody, BitGo, Gemini Custody, Anchorage, Hex Trust, Cobo Custody, Bakkt, Bitcoin Suisse, Onchain Custodian, and HashKey Custody, among others.
The global cryptocurrency custodial services market is expected to gain opportunities due to growth in the cryptocurrency market and proliferation of blockchain technology across the world. Additionally, there is also growth in the opportunity in cryptocurrency custodial services due to rising exchanges of cryptocurrencies for fiat money or conversions between different cryptocurrencies.
Global cryptocurrency custodial services market growth is driven by factors such as growth in the cryptocurrency market and proliferation of blockchain technology across the world.

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