Hardware Wallet Industry Will Overtake Crypto Exchanges: Report
Global crypto exchange revenue is estimated to grow at a CAGR of 13% by 2028, while the hardware wallet market is expected to post a CAGR of 27%% by 2027.
New
The crypto hardware wallet industry may be growing at a faster rate than cryptocurrency exchanges, according to data from multiple studies.
The current bear market has accelerated the development of the cold wallet industry, as many centralized crypto exchanges struggled to maintain operations. According to a report by business intelligence firm Vantage Market Research, revenue from global crypto trading platforms amounted to $330 million in 2021.
Released on July 21, the report suggests that the global crypto exchange market revenue would reach a value of $675 million by 2028 with a compound annual growth rate (CAGR) of 12.7%. That's at least half of the CAGR related to hardware wallet industry growth, other reports suggest.
Global hardware wallet market was estimated to reach a value of $252 Million in 2021 and is projected to reach a value of $1.1 Billion by 2027, growing at a CAGR of 27.2%.
The concept of hardware or cold wallets has become increasingly popular in recent years amid major centralized crypto exchanges limiting certain users' access to funds over various types of issues. Hardware wallets have even become m...
Global crypto exchange revenue is estimated to grow at a CAGR of 13% by 2028, while the hardware wallet market is expected to post a CAGR of 27%% by 2027.
New
The crypto hardware wallet industry may be growing at a faster rate than cryptocurrency exchanges, according to data from multiple studies.
The current bear market has accelerated the development of the cold wallet industry, as many centralized crypto exchanges struggled to maintain operations. According to a report by business intelligence firm Vantage Market Research, revenue from global crypto trading platforms amounted to $330 million in 2021.
Released on July 21, the report suggests that the global crypto exchange market revenue would reach a value of $675 million by 2028 with a compound annual growth rate (CAGR) of 12.7%. That's at least half of the CAGR related to hardware wallet industry growth, other reports suggest.
Global hardware wallet market was estimated to reach a value of $252 Million in 2021 and is projected to reach a value of $1.1 Billion by 2027, growing at a CAGR of 27.2%.
The concept of hardware or cold wallets has become increasingly popular in recent years amid major centralized crypto exchanges limiting certain users' access to funds over various types of issues. Hardware wallets have even become m...
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