With the accelerating the blockchain market and win to win popularity the financial commission and blockchain market are optimistic and provides the global forecast up to 2025. The report highlights the market size, market share, regional trends, and profit projection on the nosiness realm. The report also echoes the challenges and growth tactics implemented by the leading organization. The global blockchain market size is predicted to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025. The private blockchain type is predicted to hold the largest market value in 2020. A private blockchain provides more opportunities to businesses in terms of anchorage with the blockchain technology for business-to-business use cases.

With the rise raise in cryptocurrency users across the globe, the potential customer base for crypto asset management solution has also shown inclination in the growth. The researcher and financial advisor believe the hike in the use of the internet and virtual media is one of the prime reasons which have attracted common people to transmogrify into investor/ merchandisers.

The report also canvasses the primary market growth and highlights the challenges faced by the traders/vendors. Crypto asset management report overviews the industry structure and even landscape and the problem associated with business strategies and market effectiveness.

The main ground zero of this report to apprehend the market and get an in-depth understanding of its definition, segmentation, market potential, influential trends and the challenges faced. This report is a handy lexicon to understand the market in detail. The report is the amalgamation of information from the reliable source, journals, annual report of the companies, etc. the report elaborates the details with the self-explanatory graphs and pie charts and the other pictorial representations.

Crypto Asset management service Market covers regions North America (the USA, Canada, and Mexico)

Europe(Germany, France, UK, Spain, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Indonesia, Malaysia, Singapore, Thailand)Central and South America(Brazil, Argentina, Columbia etc.)

Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa). And the Crypto Asset Management Service market competition bytop manufacturers Economy by Business Leaders are

·         Coinbase

·         Gemini

·         Crypto Finance

·         Vo1t

·         Digital Asset Custody Company

·         Bitgo

·         Ledger

·         Metaco SA

·         Iconomi

·         Exodus Movement

·         Xapo

·         Itbit

·         Altairian Capital

·         Koine Finance etc.

Among the recent 2020 development,

·         Coinbase partnered with oobit to provide crypto wallet custodial services, and escrow for the users known as Oobit Hunter.

·         In April 2020, BitGo acquired Lumina, a provider of software solution offers digital asset dealers a financial platform to the mass adoption of digital assets by bridging the gap between traditional finance and crypto.

·         In March 2020, Gemini partnered with Itiviti to enable cryptocurrency holders to trade through Itiviti's NYFIX.

·         In January 2020, Blox and Origin Protocol Collaborate to Introduce Crypto Finance Tools for Decentralized Marketplace Businesses.

Hong Kong SFC approves first crypto exchange license

Hong Kong SEC has approved to grant a license to cryptocurrency firm OSL Digital securities. OSL was the first company to apply for a digital asset license from the Country’s SEC under the new policies which permit crypto exchanges to opt into regulation

Wherein, in most parts of the are still under the speculation and debate whether they can regulate the cryptocurrency or virtual asset industry. OSL and some of its competitors showed a silver lining to DC and flagged off the regulation in a preview to provide smooth services to financial institutions. Albeit the fact that SFC has sent a green signal to crypto exchanges, it has made an outstanding a statement that:“the virtual assets traded on the platform are not subject to the authorization or prospectus registration provisions that apply to traditional offerings of “securities” or “collective investment schemes.”

BC group CEO Hugh Madden quoted; one foremost benefit of being licensed was that the regulated institution would be able to reduce the risk of being able to engage with other regulated entities.

Amidst a hold for leading crypto asset Bitcoin. Having new benchmark of the year and retreated below $12,00 mark and currently trading at $11,652 and the investor are optimistic for the upcoming event to spark more buying.

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Crypto Business World

CBW - External Analyst

INDIA