- The crypto market largely focuses on retail and institutional investors.
- Some crypto companies are servicing the wealth management gap.
- Insider spoke to industry experts about crypto fintechs serving wealth managers on their radar.
The growth of the crypto community over the past few years has largely been focused on two distinct groups: retail and institutional investors.
While the former served as the foundational base for the rise of digital assets initially, in recent years the industry has pushed to cater to large financial firms that can help further legitimize the space.
But in between the two groups exists another important cohort: wealth managers. With an estimated $38 trillion in client assets, according to McKinsey, the wealth management industry represents a space with unique needs separate from both mom and pop investors and large, traditional institutional players.