The digital asset management industry has experienced a significant increase of 6.74%, now reaching a total of $31.7 billion. This growth can be attributed to a series of positive developments, which have occurred in the midst of market uncertainties.
A recent market report by CCData highlights the rise of crypto-related products, as well as key activities and trading volumes. The report also points out a decline in trading volumes among centralized exchanges (CEX).
Bitcoin products have emerged as the top performers, dominating 73.3% of the market share. This indicates a strong demand for cryptocurrencies, particularly Bitcoin, among investors.
The surge in digital assets under management reflects the growing interest in the crypto market. Despite the challenges posed by market volatility, investors remain optimistic about the long-term potential of cryptocurrencies.
Overall, the rise in crypto assets under management demonstrates the increasing acceptance and adoption of digital currencies. As the market continues to evolve, it is expected that the industry will experience further growth and development in the coming months.
