Decentralized Crypto Wallets Market Report 2025

The decentralized crypto wallets market size has grown exponentially in recent years. It will grow from $2.34 billion in 2024 to $2.93 billion in 2025 at a compound annual growth rate (CAGR) of 25%. The growth during the historic period can be credited to the surge in crypto trading activities, rising demand for user-controlled digital assets, heightened awareness of privacy and data sovereignty, increased adoption of blockchain-based applications, and greater regulatory scrutiny on centralized platforms.

The decentralized crypto wallets market size is expected to see exponential growth in the next few years. It will grow to $7.09 billion in 2029 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period is expected to be driven by escalating cyberattack threats, growing demand for self-custody solutions, expanding smartphone and internet access, the flourishing decentralized finance (DeFi) ecosystem, and the increasing value of digital assets. Key trends anticipated during this period include advancements in cross-chain interoperability, enhanced privacy features, innovations in biometric security integration, improvements in user-friendly interfaces, and the development of multi-signature authentication systems.

The growing threat of cyberattacks is expected to drive the expansion of the decentralized crypto wallets market in the future. Cyberattacks involve malicious efforts to access, disrupt, or damage computer systems or data, often aimed at stealing information or causing harm. These threats are increasing due to the centralization of digital asset storage, which creates single points of failure that attract hackers. Decentralized crypto wallets mitigate these risks by removing centralized storage systems, making them ideal for secure and independent asset management. They improve user control by enabling private key ownership, offering better protection against hacking and unauthorized access. For example, in July 2024, Check Point Software Technologies Ltd., an Israel-based cybersecurity firm, reported a 30% rise in weekly cyberattacks on corporate networks in the second quarter of 2024 compared to the same period in 2023, along with a 25% increase from the first quarter of 2024. As a result, the rising cyberattack threats are fueling the growth of the decentralized crypto wallets market.

Leading companies in the decentralized crypto wallets market are prioritizing the development of advanced technological solutions such as user-friendly decentralized crypto wallets to enhance security, improve user experience, and provide seamless access to digital assets across various platforms. These easy-to-use decentralized wallets are blockchain-based digital wallets that allow individuals to securely store and manage cryptocurrencies without intermediaries. For instance, in June 2022, KuCoin, a Seychelles-based cryptocurrency exchange, introduced the KuCoin Wallet - a decentralized, secure, and user-friendly wallet supporting multi-chain aggregation and offering users access to Web 3 services. This wallet enables quick creation of decentralized accounts and allows users to send, receive, and store various cryptocurrencies, including Bitcoin, Ethereum, Tether (USDT), USD Coin (USDC), and Binance Coin (BNB) in one place. It also features NFT functionality via its Windvane marketplace, allowing users to purchase, store, and view NFTs directly within the wallet.

In June 2025, Stripe Inc., an Ireland-based financial services company, acquired Privy for an undisclosed amount. This acquisition aims to enhance Stripe's Web3 capabilities by integrating Privy's secure wallet infrastructure. This integration will allow developers to offer embedded, non-custodial crypto wallets within their applications while maintaining regulatory compliance and protecting user privacy. Privy is a US-based crypto infrastructure firm specializing in decentralized (non-custodial) crypto wallets.

Major players in the decentralized crypto wallets market are Binance Holdings Ltd., Coinbase Global Inc., Bybit Holding Ltd., Ledger SAS, Exodus Movement Inc., Zerion Inc., SatoshiLabs s.r.o., Coinomi Ltd., Trust Wallet LLC, Ellipal Ltd., Zengo Ltd., Tangem AG, AlphaWallet Ltd., Komodo Platform Inc., MyEtherWallet Inc., Phantom Labs Inc., Guarda Services LLC, Rabby Labs Inc., Wasabi Wallet Holdings Inc., Enjin Pte. Ltd., Mycelium Inc., CtrlWallet Ltd., and BlueWallet Inc.

North America was the largest region in the decentralized crypto wallets market in 2024. The regions covered in decentralized crypto wallets report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the decentralized crypto wallets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Decentralized crypto wallets are non-custodial digital wallets that enable users to securely store, manage, and control their cryptocurrencies without depending on any central authority or third party. They rely on private keys kept on the user’s device, guaranteeing complete ownership and access. These wallets provide secure, private, and independent management of digital assets on blockchain networks.

The primary categories of decentralized crypto wallets include hot wallets, cold wallets, hardware wallets, and paper wallets. Hot wallets are digital wallets connected to the internet, allowing users to quickly store, send, and receive cryptocurrencies. They incorporate various technologies such as blockchain-based wallets, multi-signature wallets, ledger-based wallets, and smart contract wallets, and function across platforms such as mobile, desktop, and web. These wallets are used in applications such as trading, payments, and remittances, serving diverse end users including both individuals and enterprises.

The decentralized crypto wallets market research report is one of a series of new reports that provides decentralized crypto wallets market statistics, including decentralized crypto wallets industry global market size, regional shares, competitors with a decentralized crypto wallets market share, detailed decentralized crypto wallets market segments, market trends and opportunities, and any further data you may need to thrive in the decentralized crypto wallets industry. This decentralized crypto wallets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The decentralized crypto wallets market consists of revenues earned by entities by providing services such as non-custodial asset storage services, private key encryption, peer-to-peer transaction facilitation, integration with decentralized applications, on-chain identity and authentication, token swapping, and cross-platform synchronization. The market value includes the value of related goods sold by the service provider or included within the service offering. The decentralized crypto wallets market also includes sales of mobile and desktop wallet applications, browser extensions, wallet development toolkits, wallet-integrated hardware devices, multi-chain access tools, security audit tools, seed phrase backup tools, decentralized identity management tools, and private key management tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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