Global Crypto Wallets Market

Global Crypto Wallets Market Size, Trends & Analysis - Forecasts to 2028 By Type (Hot Wallets [Desktop Wallet, Web Wallet, Mobile Wallet], Cold Wallets [Hardware Wallet, Paper Wallet]), By Application (E-commerce and Retail, Peer-to-Peer Payments, Trading, Remittance), By Industry (Retail Industry, BFSI, Automotive, Telecommunication, Media and Entertainment, Others), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), Company Market Share Analysis, and Competitor Analysis

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This report was recently updated on April 18 2024 with the latest and most recent market numbers

Global Crypto Wallets Market Size

The global crypto wallet market is projected to grow from USD 1,246.6 million in 2022 to USD 2,810.82 million in 2028 at a CAGR of 14.5% from 2023 to 2028.

Crypto wallets aid in the storage of confidential information and keys, keeping crypto secure and accessible to users. In other words, a crypto wallet is a safe place to keep the user's proof of ownership. They also allow for the delivery, receipt, and spending of cryptocurrencies such as Bitcoin, Ethereum, and other digital currencies.

Crypto Wallets help in complex security applications as they act as a physical medium, device, or program where public or private keys are stored for cryptocurrency transactions. The two main types of crypto wallets include hot and cold wallets further divided into desktop wallets, web wallets, mobile wallets, hardware wallets, and paper wallets respectively. Crypto wallets are available in mobile apps such as Coinbase wallets. Applications like these help in making cryptocurrency more available to the public as they can be used as credit cards.

The crypto wallet market is expected to expand rapidly during the forecast period due to factors such as rising retailer acceptance of cryptocurrencies, rising demand for apps with privacy and security features for cryptocurrencies, technological innovations, and advancements in the crypto world, and rising private investment in the crypto wallet market. The high cost of crypto wallets, on the other hand, is expected to stymie the global crypto wallet market.

Furthermore, in January 2020, Burger King, announced that they will start accommodating cryptocurrency payments in their selected branches in Venezuela. This initiative was seen as being taken to assist Venezuelan citizens who are suffering from hyperinflation. Such strategic initiatives promote the use of cryptocurrency and private crypto wallets, fuelling the market growth.

global crypto wallets market

Global Crypto Wallets Market: By Application

In 2021, the trading segment dominated the market, accounting for more than 44.0% of total revenue. Cryptocurrencies can be purchased, sold, and stored in cryptocurrency wallets. As no central authority or government is backing up the decentralized cryptocurrency until now, crypto wallets act as an asset in the time of cyberattacks and data thefts.

In this scenario, crypto wallets provide a safe way to store personal cryptocurrency keys, which are required for crypto trading. The significant increase in cryptocurrency trading is driving demand for cryptocurrency wallets, propelling the segment's growth.

During the forecast period, the remittance segment is expected to grow the most. Consumers all over the world are using cryptocurrency to send money overseas. Cryptocurrency is preferred for remittances because it allows users to avoid some of the high fees charged by traditional banks and money transfer services. Several blockchain start-ups offer services that allow users to send cryptocurrency without understanding blockchain or cryptocurrency technology.

Global Crypto Wallets Market: By Type

During the forecast period, the cold wallets segment is expected to witness the largest share. Cold wallets are secure offline wallets that include paper wallets and hardware wallets. Because they are not connected to the internet, cold wallets are considered a safer or more secure option for storing cryptocurrency. Hardware crypto wallets have a high demand in the market due to the increasing threat of stolen private keys and this helps in driving the market during the forecast period.

During the forecast period, the hot wallets segment is expected to grow significantly. Hot wallets are internet-connected crypto wallet software that can be downloaded on mobile devices or desktop computers. Hot Wallets are extremely functional and this helps in accessibility and easy-to-use functionality. This helps in more market demand and helps in contributing to the segment growth.

Global Crypto Wallets Market: By Industry

The BFSI segment is expected to witness the largest share in the global crypto wallet market during the forecast period of 2022-2028. Due to the digital and programmable nature of crypto wallets, they can be used to facilitate many kinds of financial activities that help the banking systems to offer a non-traditional mode of transactions. In July 2021, the American Bankers Association published a report named Understanding Cryptocurrency highlighting the overview of digital assets and blockchain technology in the sector of cryptocurrencies.

The retail industry segment is expected to grow the fastest during 2023-2028. In the highly competitive digital payment world, increasing cryptocurrency adoption and retailer acceptance of crypto payments can be key differentiators. Cryptocurrency wallets are gradually gaining customer acceptance as a result of retailer acceptance. Industry paths will be altered by the incorporation of crypto wallets because they provide benefits such as modern payment options. These wallets enable virtual partnerships with retailers by removing currency barriers and increasing the value of member data. Given consumers' eagerness to adopt modern technologies, retailers may achieve success and gain a physical hold on cryptocurrency.

asia pacific crypto wallets market

Global Crypto Wallets Market: By Region

The North America segment is expected to witness the largest share in the global crypto wallet market during the forecast period of 2023-2028. North America dominated the cryptocurrency wallet market in 2022, accounting for a sizable revenue share. Several market leaders, including companies like Coinbase Global, Inc., Bit Go, and Bit Pay is based in North America. Furthermore, the region is known for being a technology early adopter. PayPal Holdings, Inc. announced in June 2022 that all eligible PayPal account holders in the United States can now transfer, send, and receive cryptocurrency using PayPal. This initiative enables PayPal customers to interact with the larger crypto ecosystem and move their crypto assets. Such initiatives promote the use of cryptocurrency wallets in the North American region, thereby propelling the regional market's growth.

Asia-Pacific is expected to grow the fastest during 2023-2028. The Asia Pacific region is expected to play a critical role in blockchain innovation. The region's large population, which includes the financially aware and technologically inclined, is driving the region's innovation in crypto wallets. Crypto payments are increasingly being accepted by businesses in the region. For instance, in August 2022, Asia Pay partnered with Triple-A, a cryptocurrency payment gateway service provider, to enable merchants to accept cryptocurrency payments.

The markets in India, China, and South Korea are developing new technologies in different fields. They are also expanding their businesses and contributing to the global economy significantly. Hence, considering these advantages the global crypto wallet market is expected to grow.

There is also substantial growth due to investments and because of increased government support in Europe making it the fastest-growing region in the global crypto wallet industry. The European Union, for example, planned to develop a digital wallet in 2021 that would allow its citizens to make frictionless payments across all member states. It also allows for the storage of digital ID information. The wallet would store passwords, giving local government websites a unified digital identity.

Global Crypto Wallets Market Share and Competitor Analysis

Gemini Trust Company, LLC, Bitgo, Binance, Bitmex, Breadwinner AG, BRD, Trezor, Bitpay, Ledger, Exodus, and Bittrex, are key players in the crypto wallets market.

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

The global crypto wallet market has observed several strategic alliances between company profiles to launch new products with added functionalities and maintain revenue share & profitability. Organic and inorganic growth strategies adopted by small players have been the highlight of this market.

In November 2022, Bitstamp, a Luxembourg-based crypto exchange business presented its first crypto plus report.

In January 2022, EarlyBird launched EarlyBird Crypto which enhanced its product portfolio and expand its business.

Chapter 1   Research Methodology

1.1    Research Assumptions

1.2    Research Methodology

1.2.1    Estimates and Forecast Timeline

1.3    Information Procurement

1.3.1    Purchased Database

1.3.2    GME’s Internal Database

1.3.3    Primary Research

1.3.4    Secondary Sources & Third-Party Perspectives

            1.3.4.1    Company Information Sources

            1.3.4.2    Secondary Data Sources

1.4    Information or Data Analysis

1.4.1    Data Analysis Models

1.5    Market Formulation & Data Visualization

1.6    Data Validation & Publishing

1.7    Market Model

1.7.1    Model Details

            1.7.1.1   Top-Down Approach

            1.7.1.2   Bottom-Up Approach

1.8    Market Segmentation & Scope

1.9    Market Definition

Chapter 2   Executive Summary

2.1    Global Market Outlook

2.2    Type Outlook

2.3    Industry Type Outlook

2.4    Application Outlook

2.5    Regional Outlook

Chapter 3   Global Crypto Wallets Market Trend Analysis

3.1.    Market Introduction

3.2     Penetration & Growth Prospect Mapping

3.3     Impact of COVID-19 on the Crypto Wallets Market

3.4     Metric Data based on the industry

3.5     Market Dynamic Analysis

3.5.1   Market Driver Analysis

3.5.2   Market Restraint Analysis

3.5.3   Industry Challenges

3.5.4   Industry Opportunities

3.6     Porter’s Five Analysis

3.6.1   Supplier Power

3.6.2   Buyer Power

3.6.3   Substitution Threat

3.6.4   Threat from New Entrant

3.6.5   Intensity of Competitive Rivalry

3.7     Market Entry Strategies

Chapter 4   Crypto Wallets Market: By Industry Type Trend Analysis

4.1   By Industry Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2    Retail Industry

4.2.1    Market Estimates & Forecast Analysis of Retail Industry Segment, By Region, 2019-2027 (USD Billion)

4.3    Automotive

4.3.1    Market Estimates & Forecast Analysis of Automotive Segment, By Region, 2019-2027 (USD Billion)

4.4    BFSI

4.4.1    Market Estimates & Forecast Analysis of BFSI Segment, By Region, 2019-2027 (USD Billion)

4.5    Telecommunication

4.5.1    Market Estimates & Forecast Analysis of Telecommunication Segment, By Region, 2019-2027 (USD Billion)

4.6    Media and Entertainment

4.6.1    Market Estimates & Forecast Analysis of Media and Entertainment Segment, By Region, 2019-2027 (USD Billion)

4.7    Others

4.7.1    Market Estimates & Forecast Analysis of Others Segment, By Region, 2019-2027 (USD Billion)

Chapter 5   Crypto Wallets Market: By Application Trend Analysis

5.1   By Application: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2    E-Commerce and Retail

5.2.1    Market Estimates & Forecast Analysis of E-Commerce and Retail, By Region, 2019-2027 (USD Billion)

5.3    Peer-To-Peer Payments

5.3.1    Market Estimates & Forecast Analysis of Peer-To-Peer Payments Market Segment, By Region, 2019-2027 (USD Billion)

5.4    Trading

5.4.1    Market Estimates & Forecast Analysis of Trading Segment, By Region, 2019-2027 (USD Billion)

5.5    Remittance

5.5.1    Market Estimates & Forecast Analysis of Trading Segment, By Region, 2019-2027 (USD Billion)

Chapter 6   Crypto Wallets Market: By Type Trend Analysis

6.1   By Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

6.2    Hot Wallets

6.2.1    Market Estimates & Forecast Analysis of Hot Wallets Segment, By Region, 2019-2027 (USD Billion)

6.2.1.1    Market Estimates & Forecast Analysis of Desktop Wallet Segment, By Region, 2019-2027 (USD Billion)

6.2.1.2    Market Estimates & Forecast Analysis of Web Wallet Segment, By Region, 2019-2027 (USD Billion)

6.2.1.3    Market Estimates & Forecast Analysis of Mobile Wallet Segment, By Region, 2019-2027 (USD Billion)

6.3    Cold Wallets

6.3.1    Market Estimates & Forecast Analysis of Cold Wallets Segment, By Region, 2019-2027 (USD Billion)

6.3.1.1    Market Estimates & Forecast Analysis of Hardware Wallet Segment, By Region, 2019-2027 (USD Billion)

6.3.1.2    Market Estimates & Forecast Analysis of Paper Wallet Segment, By Region, 2019-2027 (USD Billion)

Chapter 7   Crypto Wallets Market, By Region

7.1    Regional Outlook

7.2    North America

7.2.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.2.2    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.2.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.4    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.2.5    U.S.

7.2.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.2.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.5.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.2.6    Canada

7.2.6.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.2.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.6.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.7    Mexico

7.5.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.5.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3    Europe

7.3.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.3.2    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.4    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.5    Germany

7.3.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.5.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.6    UK

7.3.6.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.6.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.7    France

7.3.7.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.7.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.8    Russia

7.3.8.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.8.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.9    Italy

7.3.9.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.9.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.10    Spain

7.3.10.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.10.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.11    Netherlands

7.3.11.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.11.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.11.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.3.12    Rest of Europe

7.3.12.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.3.12.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.12.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4    Asia Pacific

7.4.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.4.2    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.4    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.5    China

7.4.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.5.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.6    India

7.4.6.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.6.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.7    Japan

7.4.7.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.7.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.8    South Korea

7.4.8.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.8.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.9    Thailand

7.4.9.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.9.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.10    Indonesia

7.4.10.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.10.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.11    Malaysia

7.4.11.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.11.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.11.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.12    Singapore

7.4.12.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.12.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.12.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.13    Vietnam

7.4.13.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.13.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.13.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.4.14    Rest of Asia Pacific

7.4.14.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.4.14.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.14.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5    Central & South America

7.5.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.5.2    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.4   Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.5    Brazil

7.5.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.5.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.6    Argentina

7.5.6.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.6.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.7    Chile

7.5.7.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.7.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.8    Rest of Central & South America

7.5.8.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.8.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6    Middle East & Africa

7.6.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.6.2    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.6.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.4    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.5    Saudi Arabia

7.6.5.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.6.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.5.3   Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.6    United Arab Emirates

7.6.6.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.6.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.6.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.7    South Africa

7.6.7.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.6.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.7.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.6.8    Israel

7.6.8.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.6.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.8.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

7.5.9    Rest of Middle East & Africa

7.5.9.1    Market Estimates & Forecast Analysis, By Industry Type, 2019-2027 (USD Billion)

7.5.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.9.3    Market Estimates & Forecast Analysis, By Type, 2019-2027 (USD Billion)

Chapter 8   Competitive Analysis

8.1    Key Global Players, Recent Developments & their Impact on the Industry

8.2    Four Quadrant Competitor Positioning Matrix

8.2.1    Key Innovators

8.2.2    Market Leaders

8.2.3    Emerging Players

8.2.4    Market Challengers

8.3    Vendor Landscape Analysis

8.4    End-User Landscape Analysis

8.5    Company Market Share Analysis, 2021

Chapter 9   Company Profile Analysis

9.1    Gemini Trust Company, LLC

9.1.1    Company Overview

9.1.2    Financial Analysis

9.1.3    Strategic Initiatives

9.1.4    Product Benchmarking

9.2     Bitgo

9.2.1    Company Overview

9.2.2    Financial Analysis

9.2.3    Strategic Initiatives

9.2.4    Product Benchmarking

9.3     Binance

9.3.1    Company Overview

9.3.2    Financial Analysis

9.3.3    Strategic Initiatives

9.3.4    Product Benchmarking

9.4    Bitmex

9.4.1    Company Overview

9.4.2    Financial Analysis

9.4.3    Strategic Initiatives

9.4.4    Product Benchmarking

9.5    Breadwinner AG, BRD

9.5.1    Company Overview

9.5.2    Financial Analysis

9.5.3    Strategic Initiatives

9.5.4    Product Benchmarking

9.6     Trezor

9.6.1    Company Overview

9.6.2    Financial Analysis

9.6.3    Strategic Initiatives

9.6.4    Product Benchmarking

9.7     Bitpay

9.7.1    Company Overview

9.7.2    Financial Analysis

9.7.3    Strategic Initiatives

9.7.4    Product Benchmarking

9.8    Ledger

9.8.1    Company Overview

9.8.2    Financial Analysis

9.8.3    Strategic Initiatives

9.8.4    Product Benchmarking

9.9     Exodus

9.9.1    Company Overview

9.9.2    Financial Analysis

9.9.3    Strategic Initiatives

9.9.4    Product Benchmarking

9.10   Other Companies

9.10.1    Company Overview

9.10.2    Financial Analysis

9.10.3    Strategic Initiatives

9.10.4    Product Benchmarking

List of Tables

1 Technological Advancements in Crypto Wallets Market

2 Global Crypto Wallets Market: Key Market Drivers

3 Global Crypto Wallets Market: Key Market Challenges

4 Global Crypto Wallets Market: Key Market Opportunities

5 Global Crypto Wallets Market: Key Market Restraints

6 Global Crypto Wallets Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

8 Retail Industry: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

9 Automotive: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

10 BFSI: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

11 Global Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

12 E-Commerce and Retail: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

13 Trading: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

14 Peer-To-Peer Payments: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

15 Global Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

16 Hot Wallets (880 nm & 935 nm): Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

17 Cold Wallets (470 nm): Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

18 Regional Analysis: Global Crypto Wallets Market, By Region, 2019-2027 (USD Billion)

19 North America: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

20 North America: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

21 North America: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

22 North America: Crypto Wallets Market, By Country, 2019-2027 (USD Billion)

23 U.S: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

24 U.S: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

25 U.S: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

26 Canada: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

27 Canada: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

28 Canada: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

29 Mexico: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

30 Mexico: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

31 Mexico: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

32 Europe: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

33 Europe: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

34 Europe: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

35 Europe: Crypto Wallets Market, By Country, 2019-2027 (USD Billion)

36 Germany: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

37 Germany: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

38 Germany: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

39 UK: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

40 UK: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

41 UK: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

42 France: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

43 France: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

44 France: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

45 Italy: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

46 Italy: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

47 Italy: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

48 Spain: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

49 Spain: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

50 Spain: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

51 Netherlands: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

52 Netherlands: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

53 Netherlands: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

54 Rest Of Europe: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

55 Rest Of Europe: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

56 Rest Of Europe: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

57 Asia Pacific: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

58 Asia Pacific: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

59 Asia Pacific: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

60 Asia Pacific: Crypto Wallets Market, By Country, 2019-2027 (USD Billion)

61 China: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

62 China: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

63 China: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

64 India: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

65 India: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

66 India: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

67 Japan: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

68 Japan: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

69 Japan: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

70 South Korea: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

71 South Korea: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

72 South Korea: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

73 Thailand: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

74 Thailand: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

75 Thailand: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

76 Indonesia: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

77 Indonesia: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

78 Indonesia: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

79 Malaysia: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

80 Malaysia: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

81 Malaysia: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

82 Singapore: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

83 Singapore: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

84 Singapore: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

85 Vietnam: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

86 Vietnam: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

87 Vietnam: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

88 Middle East & Africa: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

89 Middle East & Africa: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

90 Middle East & Africa: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

91 Middle East & Africa: Crypto Wallets Market, By Country, 2019-2027 (USD Billion)

92 Saudi Arabia: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

93 Saudi Arabia: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

94 Saudi Arabia: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

95 UAE: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

96 UAE: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

97 UAE: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

98 Israel: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

99 Israel: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

100 Israel: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

101 South Africa: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

102 South Africa: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

103 South Africa: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

104 Central & South America: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

105 Central & South America: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

106 Central & South America: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

107 Central & South America: Crypto Wallets Market, By Country, 2019-2027 (USD Billion)

108 Brazil: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

109 Brazil: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

110 Brazil: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

111 Chile: Crypto Wallets Market, By Industry Type, 2019-2027 (USD Billion)

112 Chile: Crypto Wallets Market, By Application, 2019-2027 (USD Billion)

113 Chile: Crypto Wallets Market, By Type, 2019-2027 (USD Billion)

114 Gemini Trust Company, LLC: Products Offered

115 Bitgo: Products Offered

116 Binance: Products Offered

117 Bitmex: Products Offered

118 Breadwinner AG, BRD: Products Offered

119 Trezor: Products Offered

120 Exodus: Products Offered

121 Bitpay: Products Offered

122 Ledger: Products Offered

123 Other Companies: Products Offered

List of Figures

1. Global Crypto Wallets Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Crypto Wallets Market: Penetration & Growth Prospect Mapping

7. Global Crypto Wallets Market: Value Chain Analysis

8. Global Crypto Wallets Market Drivers

9. Global Crypto Wallets Market Restraints

10. Global Crypto Wallets Market Opportunities

11. Global Crypto Wallets Market Challenges

12. Key Crypto Wallets Market Manufacturer Analysis

13. Global Crypto Wallets Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Gemini Trust Company, LLC: Company Snapshot

16. Gemini Trust Company, LLC: Swot Analysis

17. Bitgo: Company Snapshot

18. Bitgo: Swot Analysis

19. Binance: Company Snapshot

20. Binance: Swot Analysis

21. Bitmex: Company Snapshot

22. Bitmex: Swot Analysis

23. Breadwinner AG, BRD: Company Snapshot

24. Breadwinner AG, BRD: Swot Analysis

25. Exodus: Company Snapshot

26. Exodus: Swot Analysis

27. Bitpay: Company Snapshot

28. Bitpay: Swot Analysis

29. Ledger: Company Snapshot

30. Ledger: Swot Analysis

31. Trezor: Company Snapshot

32. Trezor: Swot Analysis

33. Other Companies: Company Snapshot

34. Other Companies: SWOT Analysis 

The Global Crypto Wallets 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.

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 Crypto Wallets Market.

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

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.

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Frequently Asked Questions

The global crypto wallets market is projected to grow at a CAGR of 14.5% from 2022 to 2027
The paramount competitors covered in the crypto wallets market report are Gemini Trust Company, LLC, Bitgo, Binance, Bitmex, Breadwinner AG, BRD, Trezor, Bitpay, Ledger, Exodus, and Bittrex among others
Crypto wallets aid in the storage of confidential information and keys, keeping crypto secure and accessible to users. In other words, a crypto wallet is a safe place to keep the users proof of ownership. They also allow for the delivery, receipt, and spending of cryptocurrencies such as Bitcoin, Ethereum, and other digital currencies.
The crypto wallet market is expected to expand rapidly during the forecast period due to factors such as rising retailer acceptance of cryptocurrencies, rising demand for apps with privacy and security features for cryptocurrencies, technological innovations, and advancements in the crypto world, and rising private investment in the crypto wallet market.

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