Crypto Wallet Market Size, Share, Growth Analysis, By Type(Software Wallets {Web (Or Crypto Exchange) Wallets, Mobile Wallets, Desktop Wallets}, Hardware Wallets), By Downstream Fields(Hot Wallets, Cold Wallets), By End-User(Trading, E-Commerce, Retail, Peer-To-Peer Payment), By Region - Industry Forecast 2024-2031

Crypto Wallet Market size was valued at USD 6.75 billion in 2019 and is poised to grow from USD 8.42 billion in 2023 to USD 61.87 billion by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).

Crypto wallet aid in the storage of confidential keys, keeping crypto secure and accessible. In short, is nothing more than a safe place to keep your proof of ownership. They also allow you to send, receive, and spend cryptocurrencies such as Bitcoin, Ethereum, and many others. Crypto wallet ranges from simple apps to complex security solutions. A cryptocurrency wallet is a physical medium, device, programme, or facility where private and/or public keys for cryptocurrency transactions are stored. Whereas Satoshi Nakamoto created the first cryptocurrency wallet in 2019 when he published the bitcoin protocol.

The Covid-19 has had a positive impact on the growth of the global market by increasing the rate of change in financial services. As Tether, Bitcoin, Ethereum, and other cryptocurrencies have gained popularity. In the final days of 2020, the digital asset surpassed USD 28,000 to set a new high. However, the Covid-19 pandemic has a minor negative impact on the market because the level of consistency has significantly decreased.

US Crypto Wallet Market is poised to grow at a sustainable CAGR for the next forecast year.