The global Crypto Wallets market is likely to grow at a growth rate of 20.9% to reach USD 37,809.2 million by 2030.

A crypto wallet, short for cryptocurrency wallet, is a digital tool that allows individuals to securely store, manage, and interact with their cryptocurrencies. It serves as both a repository for storing private keys, which are essential for accessing and managing digital assets on blockchain networks, and as a user-friendly interface for conducting cryptocurrency transactions.

Crypto wallets come in various forms, including software wallets, which are applications or online services, and hardware wallets, which are physical devices. They enable users to send and receive cryptocurrencies, check their account balances, and monitor transaction histories. Importantly, they provide a high level of security to protect the digital assets from unauthorized access and theft.

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A pivotal factor propelling market expansion is the extensive acceptance of cryptocurrencies as a legitimate asset class. With cryptocurrencies garnering acknowledgment from both individual investors and institutional participants, the demand for secure and user-friendly storage solutions has surged significantly. The burgeoning interest in cryptocurrencies stems from their potential as alternative investments and stores of value. As more individuals and institutions explore these digital assets, the necessity for reliable and accessible storage mechanisms becomes increasingly apparent.

Furthermore, the market's growth is further fueled by the evolving landscape of cryptocurrencies. With the emergence of new digital currencies and blockchain-based assets, users seek versatile crypto wallet options capable of accommodating a diverse range of tokens. This multifaceted demand necessitates continuous innovation and adaptation within the crypto wallet market to cater to the evolving needs of crypto enthusiasts, investors, and institutions, ultimately driving sustained growth in the industry.

KEY INSIGHTS OF THIS REPORT:

• In 2022, the market was led by the hot wallets segment, commanding over 50.0% of the revenue share. These wallets, linked to the internet, offer enhanced user-friendliness and accessibility.
• In 2022, the market was chiefly driven by the Android segment, which held a substantial revenue share exceeding 45.0%. This segment's prominence is attributed to the extensive worldwide embrace of Android smartphones, solidifying its position as the most prevalent mobile operating system.
• In 2022, the trading segment was the market leader, contributing to over 35.0% of the total revenue.

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL CRYPTO WALLETS MARKET SEGMENTATION

GLOBAL CRYPTO WALLETS MARKET KEY PLAYERS

• Coin base Global, Inc.
• Satoshi Labs s.r.o.(Trezor)
• CoolBitX Technology Ltd.
• Ledger SAS
• BitLox
• Block Fi Inc.
• Exodus Movement, Inc.
• OPOLO SARL
• Zen Go Ltd
• ELLIPAL Limited
• Others

GLOBAL CRYPTO WALLETS MARKET, BY WALLET TYPE

• Cold Wallets
• Hot Wallets

GLOBAL CRYPTO WALLETS MARKET, BY APPLICATION

• Remittance
• Peer-to-Peer Payments
• Trading
• Others

GLOBAL CRYPTO WALLETS MARKET, BY OPERATING SYSTEM

• iOS
• Android
• Others

GLOBAL CRYPTO WALLETS MARKET, BY END-USER

• Commercial
• Individual
• Others

GLOBAL CRYPTO WALLETS MARKET, BY REGION

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Russia
  • Netherlands
  • Sweden
  • Poland
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Australia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Turkey
  • Algeria
  • Egypt
  • Rest of MEA