Crypto Asset Management Platform Market - New Innovations, Research and Growth

Posted by RASHMI on July 17th, 2019

Crypto asset management involves managing digital currencies (cryptocurrencies) and related assets. These crypto assets use cryptography to control the creation of additional units, enable secure transactions, and verify the transfer of assets. Crypto asset management platforms simplify managing multiple accounts and wallets and help users consolidate their diverse digital assets, providing improved portfolio management. Any asset can be tokenized and converted to cryptocurrency. Furthermore, the adoption of crypto asset management platforms is incentivized with tokenization. Traders use tokens to unlock the features and also to earn coins.

Companies are offering crypto asset management platforms with diverse functionalities. Crypto asset management platforms such as ICONOMI Inc. allow traders to generate their own asset groups and combinations based on their risk appetite. Melonport’s crypto asset management platform offers a simple and centralized location for traders to manage investments.

Crypto asset management is an untapped market, and a number of emerging companies are entering the market. In most cases, the ownership of crypto-assets is concentrated among relatively few market participants, limiting the market depth. In 2017, Bitwise Asset Management, Inc. created the cryptocurrency index fund. In October 2018, the Swiss financial regulator issued a cryptocurrency asset management license to Crypto Fund (a Crypto Finance AG Company) to offer services to institutional clients.

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The increasing demand for cryptocurrencies has generated the need to operate, manage, and secure cryptocurrencies, thus driving the crypto asset management platform market. Securing of crypto assets is a key driver of the crypto asset management platform market. The adoption of crypto asset management platforms is likely to be driven by security, liquidity, and volatility risks in the market.

However, a lack of regulatory framework is a challenge for the crypto asset management platform market. Nevertheless, proliferation of blockchain technology is likely to create attractive opportunities for the crypto asset management platform market over the forecast period.