Global Bitcoin & Cryptocurrency Wallets Market Overview:
A cryptocurrency wallet may be a device which a physical medium, program, or service that stores the public and/or non-public keys for cryptocurrency transactions. Additionally, to the current basic operate of storing the keys, a cryptocurrency wallet a lot of typically additionally offers the practicality of encrypting and/or sign language info. The rising quality of bitcoin and alternative cryptocurrencies as a quality category investment against inflation and decentralized characteristic for the safe and secured transactions.
- Rising Demand for the De-centralised Finance Infrastructure
- Growth in Awareness about Currency Inflation and Growing Investment in Crypto as an Asset
- Extreme Volatility and Price Fluctuations due to Supply and Demand Variant
- The rise in the Concept of Obtaining NFT (Non-Fungible Tokens) in form of Digital Art
- Rising Adoption and Investments by Leading Corporates in Bitcoin and Other Cryptocurrencies
- Support of Developed Governments for Blockchain Technology
- Stringent Government Regulation in Some Regions for Crypto Currencies and Their Usage in Malicious Activities like Fraud and Terrorism
The global market for Bitcoin & Cryptocurrency Wallets is consolidated by the key players serving the bitcoin project to marketize, grow, set up the robust crypto infrastructure for the growth of the decentralized currency. The increasing demand for cryptocurrency and increasing popularity of bitcoin against the investment options and dep penetration of Smart devices infrastructure is required to be backed up with cutting-edge technology.
Some of the key players profiled in the report are BitGo (United States), Coinbase (United States), Velona (Ireland), Electrum (Germany), B2Bx (Estonia), DOBI Exchange (China), Binance (Republic of Seychelles), Ledger (France), Trezor (Prague) and Mycelium (Austria). Additionally, following companies can also be profiled that are part of our coverage like Exodus (United States), BitLox (China) and KeepKey (United States). Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Bitcoin & Cryptocurrency Wallets market. Considering Market by Technology, the sub-segment i.e. Private and Public Key Generation will boost the Bitcoin & Cryptocurrency Wallets market.
Latest Market Insights:
In 2019, Binance Acquired India’s Leading Digital Asset Platform WazirX. This acquisition will play a vital role in making India a global blockchain innovation center to spur cryptocurrency adoption in finance.
What Can be Explored with the Bitcoin & Cryptocurrency Wallets Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bitcoin & Cryptocurrency Wallets Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bitcoin & Cryptocurrency Wallets
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bitcoin & Cryptocurrency Wallets market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bitcoin & Cryptocurrency Wallets market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bitcoin & Cryptocurrency Wallets Provider, Blockchain Developer, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Bitcoin & Cryptocurrency Wallets Market?
The Bitcoin & Cryptocurrency Wallets market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Bitcoin & Cryptocurrency Wallets Market?
Top performing companies in the Global Bitcoin & Cryptocurrency Wallets market are BitGo (United States), Coinbase (United States), Velona (Ireland), Electrum (Germany), B2Bx (Estonia), DOBI Exchange (China), Binance (Republic of Seychelles), Ledger (France), Trezor (Prague) and Mycelium (Austria), to name a few.
3. What trending factors would impact Bitcoin & Cryptocurrency Wallets Market growth most?
"Introducing Newer Technologies and User Interface in Wallets for Ease of Transaction of Bitcoin and Other Cryptocurrencies
" is seen as one of major influencing trends for Bitcoin & Cryptocurrency Wallets Market during projected period 2020-2026.