#WalletActivityInsights Since past few years, digital currency has gained high traction on the back of its functional benefits. Digital currencies offer affordable and quicker bank transfers and are a preferred choice for transactions in the retail sector. In addition, growing e-commerce retail, surging international remittances, and rising monetary transactions continue to increase the reliance digital currency, in turn paving new avenues for the crypto wallet market. Furthermore, the acceptance of cryptocurrencies is also expected to drive the crypto wallet market ahead. Growing adoption of cryptocurrency and increasing crypto payments have triggered the demand for hot and cold crypto wallets. Additionally, use of cryptocurrency by financial institutions for exchange and trading has also provided new opportunities for the crypto wallet market. Albeit an initial ban on cryptocurrencies, their market has been growing at a higher rate, however without being regulated by authorities. This factor continues to drive the growth of the crypto wallet market on the global front.
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