Press release
Surge In Crypto Transactions Boosting The Crypto Wallet Market Growth: A Key Driver Powering Crypto Wallet Market Growth In 2025
The Crypto Wallet Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Crypto Wallet Market Size and Its Estimated Growth Rate?
The crypto wallet market has expanded rapidly in recent years. It will grow from $14.39 billion in 2024 to $19.03 billion in 2025, at a CAGR of 32.2%. This growth is attributed to increasing cryptocurrency investments, the expansion of the cryptocurrency ecosystem, rising use of cryptocurrencies for online transactions, and a demand for more user-friendly wallets.
The crypto wallet market is projected to grow to $57.61 billion by 2029, at a CAGR of 31.9%. Growth is attributed to increasing cryptocurrency adoption, digital asset acceptance, mobile/web wallet popularity, and hardware wallet demand. Major trends include mobile wallet adoption, biometric security, green wallet solutions, gamification, and technological advancements.
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How Are Emerging Segments Shaping the Crypto Wallet Market Landscape?
The crypto wallet market covered in this report is segmented -
1) By Type: Software Wallets, Hardware Wallets, Paper Wallets
2) By Operating System: Android, iOS, Other Operating Systems
3) By End-User: Retail Industry, Banking, Financial Services, And Insurance, Automotive, Telecommunication, Media And Entertainment, Other End-Users
Subsegments:
1) By Software Wallets: Mobile Wallets, Desktop Wallets, Web Wallets, Browser Extension Wallets
2) By Hardware Wallets: USB Hardware Wallets, Bluetooth-Enabled Hardware Wallets, Multi-Currency Hardware Wallets, Single-Currency Hardware Wallets
3) By Paper Wallets: Printed QR Code Wallets, Paper-Based Private Key Storage, Securely Generated Paper Wallets
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Which Growth Factors Are Influencing Crypto Wallet Market Expansion?
The increase in crypto transactions is expected to drive the growth of the crypto wallet market. With more people adopting cryptocurrencies for transactions and investments, the number of crypto transactions is rising. Crypto wallets provide a secure way to manage these digital assets. Security.org reported in September 2024 that the percentage of U.S. adults owning cryptocurrencies increased to 40% in 2024, contributing to the growth of the crypto wallet market.
Who Are the Dominant Players Across Different Crypto Wallet Market Segments?
Major companies operating in the crypto wallet market are Bittrex Holdings Inc., Digital BitBox Ltd., Coinbase Global Inc., Binance Holdings Limited, Crypto.com, Gemini Trust Company LLC, BitPay Inc., Ledger SAS, Bitfinex, Blockchain.com Inc., Blockstream Corporation, Coinomi Ltd., Trezor Company s.r.o, BitGo Inc., KeepKey LLC, ZenGo Ltd., CoolBitX Technology Ltd., Exodus Movement Inc., Electrum Technologies GmbH, BlockFi Inc., Guarda Wallet, MyEtherWallet LLC, Trustology Ltd., Atomic Wallet
What Trends Are Driving Growth in The Crypto Wallet Market?
Companies in the crypto wallet market are developing secure, self-custodial wallets using technologies like multi-party computation (MPC) for enhanced privacy and security. MPC allows secure functions to be computed over private inputs without disclosing them. In November 2023, Binance launched the Binance Web3 Wallet, which integrates MPC for improved security. This wallet allows users to manage decentralized apps, trade tokens, and store cryptocurrency with enhanced protection, eliminating the need for seed phrases.
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Which Geographic Regions Are Expected to Dominate the Crypto Wallet Market in the Coming Years?
North America was the largest region in the crypto wallet market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the crypto wallet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Crypto Wallet Market?
2. What is the CAGR expected in the Crypto Wallet Market?
3. What Are the Key Innovations Transforming the Crypto Wallet Industry?
4. Which Region Is Leading the Crypto Wallet Market?
Why This Report Matters:
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