Cryptocurrency Custody Statistics


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Cryptocurrency Custody Statistics 2023: Facts about Cryptocurrency Custody outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Cryptocurrency Custody, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

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Top Cryptocurrency Custody Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 28 Cryptocurrency Custody Statistics on this page 🙂

Cryptocurrency Custody “Latest” Statistics

  • Wikipedia estimates that by 2020, the average cost of a data breach will be $150 million, with a forecasted yearly cost of $2.1 trillion worldwide.[1]
  • 29% of all American parents who are in their millennials, according to a Harris Poll that USA Today published in August 2021, own cryptocurrencies.[2]
  • According to further information from a different poll, 78% of males who replied claimed knowing about bitcoin, compared to 71% of women.[2]
  • Financial experts have forecast that the value of the global blockchain industry would increase by $36.7 billion by 2025, with a compound annual growth rate CAGR of 68.34%.[2]
  • By the end of 2022, statistics from the cryptocurrency exchange Crypto.com predicts that 1 billion individuals will be using cryptocurrency exchanges, including Bitcoin and Ethereum.[2]
  • Early in 2021, the price of bitcoin hit $60,000 before collapsing and losing over 40% of its value in a few of weeks.[2]
  • According to the New York Digital Investment Group, a Bitcoin affiliate of the $11 billion alternative asset management stone ridge, users of bitcoin have subsequently come to think that Satoshi Nakamoto is a pseudonym for an unidentified group or individual.[2]
  • Financial forecasters project the global cryptocurrency market to reach $4.94 billion by 2030, a CAGR of about 12.8%.[2]
  • In September 2020, prepaid gift cards accounted for nearly 26% of all payments made via BitPay, an Atlanta, Georgia based Bitcoin payment service provider.[2]
  • The number of Americans who possess cryptocurrencies increased from over 7.95% in 2018 to 14.4% in 2019 and 23.16% in 2021.[2]
  • 70% of people would consider purchasing cryptocurrencies or more of it if they could keep it in their bank accounts.[2]
  • According to statistics from a worldwide poll conducted by the deVere Group, one of the biggest independent fintech and financial advice firms in the world, 67% of the more than 700 millennials questioned thought that bitcoin was a better safe-haven asset than gold.[2]
  • According to statistics from a poll by the financial website finder, Bitcoin is owned by 66.7% of cryptocurrency investors, while Dogecoin is held by 28.6% of investors and Ethereum is held by 23.9%.[2]
  • More than 20% of those who had never purchased cryptocurrency—roughly 50 million people—said they were likely to do so in the next year.[2]
  • More than 80% of customers of financial advisors want to learn more about bitcoin, even if more than one in five of their clients already hold it.[2]
  • Numbers from the New York Digital Investment Group in 2021 found that about 22% of the US adult population or roughly 46 million Americans — own Bitcoin.[2]
  • According to a study of 2,059 participants that Finder commissioned, the number of Americans who possess Bitcoin has consistently increased over the last few years.[2]
  • According to 24% of poll respondents, one hurdle for novice investors is a lack of knowledge of how cryptocurrencies operate.[2]
  • 70% of deVere’s clientele over the age of 55 either intended to purchase such digital assets in 2021 or had already done so, according to research.[2]
  • There are an estimated 1 million users of Dogecoin and about 132.7 billion in circulation as of January 2023.[2]
  • According to Popper, lost private keys amounted to 20% of the total Bitcoin in the market by January 2021.[3]
  • The World Bank estimates that the market capitalization of all publicly traded domestic enterprises was $68.6 trillion in 2018.[4]
  • According to Block Data, 47 cryptocurrency exchanges have suffered major hacks, in which 19 of them were hacked in 2019 alone.[5]
  • According to PWC, 52% of the 150 active cryptocurrency hedge funds with a combined $2 billion in assets under management in 2020 used an independent custodian.[6]
  • In 2017 in the US alone, 1,579 data breaches were recorded, a 50% growth compared to the previous year.[7]
  • According to Gemini, 45% of all crypto owners in the US, Latin America, and Asia Pacific first bought crypto in 2021.[8]
  • Over 50% of crypto owners in Brazil (51%), Hong Kong (51%), and India (54%) got started in 2021.[8]
  • 47% of women plan to purchase crypto for the first time in the next year.[8]

Also Read

How Useful is Cryptocurrency Custody

To put it simply, cryptocurrency custody refers to the act of storing, securing, and managing digital assets on behalf of clients. With the rise of cryptocurrencies like Bitcoin, Ethereum, and others, the need for secure custody solutions has become more apparent than ever. Unlike traditional financial assets such as stocks or bonds that are held by trusted third parties like banks or brokerage firms, cryptocurrencies are decentralized in nature, meaning that the responsibility falls solely on the individual to safeguard their digital assets.

This is where cryptocurrency custody services come into play. These services provide a way for individuals and institutions to securely store their digital assets, protecting them against theft, hacks, and other security threats. By entrusting their cryptocurrencies to a reputable custody service, users can have peace of mind knowing that their assets are stored safely and securely, reducing the risk of loss or theft.

One of the key benefits of cryptocurrency custody is the added layer of security it offers. With the growing number of hacks and security breaches in the crypto space, protecting one’s digital assets has never been more important. By utilizing a custody service, users can leverage advanced security measures such as multi-signature wallets, cold storage solutions, and encryption protocols to safeguard their assets from potential threats.

Moreover, cryptocurrency custody services can also help streamline the process of managing digital assets. For individuals who are new to the space or lack technical expertise, the process of safely storing and managing cryptocurrencies can be daunting. By utilizing a custody service, users can offload the responsibility of managing their assets to experts who have the knowledge and experience to ensure their security and integrity.

Another benefit of cryptocurrency custody is the added level of compliance and regulatory oversight that it can provide. As the cryptocurrency industry continues to evolve, regulators around the world are establishing guidelines and regulations to govern the use of digital assets. By utilizing a custody service that complies with these regulations, users can ensure that their assets are held to the highest standards of security and compliance.

Overall, the usefulness of cryptocurrency custody cannot be understated. As digital assets become more prevalent in our everyday lives, the need for secure storage solutions will only grow. Whether you are a seasoned trader or a novice investor, utilizing a reputable custody service can help protect your assets and provide peace of mind in an increasingly digital world.

Reference


  1. oceanprotocol – https://blog.oceanprotocol.com/data-tokens-1-data-custody-1d0d5ae66d0c
  2. explodingtopics – https://explodingtopics.com/blog/blockchain-stats
  3. micobo – https://micobo.com/digital-custody-custodial-non-custodial-crypto-wallets/
  4. nomics – https://nomics.com/
  5. blockdata – https://www.blockdata.tech/blog/general/crypto-custody-the-gateway-to-institutional-adoption
  6. blockdata – https://www.blockdata.tech/blog/general/digital-asset-custody-in-2021
  7. bnymellon – https://www.bnymellon.com/us/en/insights/all-insights/cryptocurrencies-custody-and-third-party-access.html
  8. gemini – https://www.gemini.com/state-of-crypto

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