Selected research
Industry Research
Wallet as a Service (WaaS) Industry Research Report 2026
Market perspective
The global Wallet as a Service (WaaS) market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Wallet as a Service (WaaS) market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Wallet as a Service (WaaS) market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Wallet as a Service (WaaS) market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Wallet as a Service (WaaS) include Coinbase, Fireblocks, Crypto APIs, Cobo, Circle, Green Packet, ChainUp, Thirdweb and CPAY, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Wallet as a Service (WaaS) market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Wallet as a Service (WaaS).
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Wallet as a Service (WaaS) Market by Company
Coinbase
Fireblocks
Crypto APIs
Cobo
Circle
Green Packet
ChainUp
Thirdweb
CPAY
Magic
Particle
Web3Auth
Trust Wallet
OKX
Stardust
Fordefi
SmartMediaTech
Dfns
Cregis
Safeheron
Fireblocks
CoinsDo
Wallet as a Service (WaaS) Segment by Type
Managed Wallet as a Service (WaaS)
Non-managed Wallet as a Service (WaaS)
Wallet as a Service (WaaS) Segment by Application
Retail and E-commerce
Banking and Financial Services
Telecommunications
Transportation and Mobility
Gaming and Entertainment
Others
Wallet as a Service (WaaS) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Wallet as a Service (WaaS) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Wallet as a Service (WaaS) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Wallet as a Service (WaaS).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Wallet as a Service (WaaS) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Managed Wallet as a Service (WaaS)
- Non-managed Wallet as a Service (WaaS)
Applications
- Retail and E-commerce
- Banking and Financial Services
- Telecommunications
- Transportation and Mobility
- Gaming and Entertainment
- Others
Companies covered
- Coinbase
- Fireblocks
- Crypto APIs
- Cobo
- Circle
- Green Packet
- ChainUp
- Thirdweb
- CPAY
- Magic
- Particle
- Web3Auth
- Trust Wallet
- OKX
- Stardust
- Fordefi
- SmartMediaTech
- Dfns
- Cregis
- Safeheron
- Fireblocks
- CoinsDo
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Wallet as a Service (WaaS) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Managed Wallet as a Service (WaaS)
- 2.2.3 Non-managed Wallet as a Service (WaaS)
- 2.3 Wallet as a Service (WaaS) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Retail and E-commerce
- 2.3.3 Banking and Financial Services
- 2.3.4 Telecommunications
- 2.3.5 Transportation and Mobility
- 2.3.6 Gaming and Entertainment
- 2.3.7 Others
- 2.4 Assumptions and Limitations
3 Wallet as a Service (WaaS) Breakdown Data by Type
- 3.1 Global Wallet as a Service (WaaS) Historic Market Size by Type (2021-2026)
- 3.2 Global Wallet as a Service (WaaS) Forecasted Market Size by Type (2027-2032)
4 Wallet as a Service (WaaS) Breakdown Data by Application
- 4.1 Global Wallet as a Service (WaaS) Historic Market Size by Application (2021-2026)
- 4.2 Global Wallet as a Service (WaaS) Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Wallet as a Service (WaaS) Market Perspective (2021-2032)
- 5.2 Global Wallet as a Service (WaaS) Growth Trends by Region
- 5.2.1 Global Wallet as a Service (WaaS) Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Wallet as a Service (WaaS) Historic Market Size by Region (2021-2026)
- 5.2.3 Wallet as a Service (WaaS) Forecasted Market Size by Region (2027-2032)
- 5.3 Wallet as a Service (WaaS) Market Dynamics
- 5.3.1 Wallet as a Service (WaaS) Industry Trends
- 5.3.2 Wallet as a Service (WaaS) Market Drivers
- 5.3.3 Wallet as a Service (WaaS) Market Challenges
- 5.3.4 Wallet as a Service (WaaS) Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Wallet as a Service (WaaS) Players by Revenue
- 6.1.1 Global Top Wallet as a Service (WaaS) Players by Revenue (2021-2026)
- 6.1.2 Global Wallet as a Service (WaaS) Revenue Market Share by Players (2021-2026)
- 6.2 Global Wallet as a Service (WaaS) Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Wallet as a Service (WaaS) Head Office and Area Served
- 6.4 Global Wallet as a Service (WaaS) Players, Product Type & Application
- 6.5 Global Wallet as a Service (WaaS) Manufacturers Established Date
- 6.6 Global Wallet as a Service (WaaS) Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Wallet as a Service (WaaS) Market Size (2021-2032)
- 7.2 North America Wallet as a Service (WaaS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Wallet as a Service (WaaS) Market Size by Country (2021-2026)
- 7.4 North America Wallet as a Service (WaaS) Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Wallet as a Service (WaaS) Market Size (2021-2032)
- 8.2 Europe Wallet as a Service (WaaS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Wallet as a Service (WaaS) Market Size by Country (2021-2026)
- 8.4 Europe Wallet as a Service (WaaS) Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Wallet as a Service (WaaS) Market Size (2021-2032)
- 9.2 Asia-Pacific Wallet as a Service (WaaS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Wallet as a Service (WaaS) Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Wallet as a Service (WaaS) Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Wallet as a Service (WaaS) Market Size (2021-2032)
- 10.2 South America Wallet as a Service (WaaS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Wallet as a Service (WaaS) Market Size by Country (2021-2026)
- 10.4 South America Wallet as a Service (WaaS) Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Wallet as a Service (WaaS) Market Size (2021-2032)
- 11.2 Middle East & Africa Wallet as a Service (WaaS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Wallet as a Service (WaaS) Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Wallet as a Service (WaaS) Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Coinbase
- 12.1.1 Coinbase Company Information
- 12.1.2 Coinbase Business Overview
- 12.1.3 Coinbase Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.1.4 Coinbase Wallet as a Service (WaaS) Product Portfolio
- 12.1.5 Coinbase Recent Developments
- 12.2 Fireblocks
- 12.2.1 Fireblocks Company Information
- 12.2.2 Fireblocks Business Overview
- 12.2.3 Fireblocks Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.2.4 Fireblocks Wallet as a Service (WaaS) Product Portfolio
- 12.2.5 Fireblocks Recent Developments
- 12.3 Crypto APIs
- 12.3.1 Crypto APIs Company Information
- 12.3.2 Crypto APIs Business Overview
- 12.3.3 Crypto APIs Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.3.4 Crypto APIs Wallet as a Service (WaaS) Product Portfolio
- 12.3.5 Crypto APIs Recent Developments
- 12.4 Cobo
- 12.4.1 Cobo Company Information
- 12.4.2 Cobo Business Overview
- 12.4.3 Cobo Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.4.4 Cobo Wallet as a Service (WaaS) Product Portfolio
- 12.4.5 Cobo Recent Developments
- 12.5 Circle
- 12.5.1 Circle Company Information
- 12.5.2 Circle Business Overview
- 12.5.3 Circle Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.5.4 Circle Wallet as a Service (WaaS) Product Portfolio
- 12.5.5 Circle Recent Developments
- 12.6 Green Packet
- 12.6.1 Green Packet Company Information
- 12.6.2 Green Packet Business Overview
- 12.6.3 Green Packet Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.6.4 Green Packet Wallet as a Service (WaaS) Product Portfolio
- 12.6.5 Green Packet Recent Developments
- 12.7 ChainUp
- 12.7.1 ChainUp Company Information
- 12.7.2 ChainUp Business Overview
- 12.7.3 ChainUp Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.7.4 ChainUp Wallet as a Service (WaaS) Product Portfolio
- 12.7.5 ChainUp Recent Developments
- 12.8 Thirdweb
- 12.8.1 Thirdweb Company Information
- 12.8.2 Thirdweb Business Overview
- 12.8.3 Thirdweb Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.8.4 Thirdweb Wallet as a Service (WaaS) Product Portfolio
- 12.8.5 Thirdweb Recent Developments
- 12.9 CPAY
- 12.9.1 CPAY Company Information
- 12.9.2 CPAY Business Overview
- 12.9.3 CPAY Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.9.4 CPAY Wallet as a Service (WaaS) Product Portfolio
- 12.9.5 CPAY Recent Developments
- 12.10 Magic
- 12.10.1 Magic Company Information
- 12.10.2 Magic Business Overview
- 12.10.3 Magic Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.10.4 Magic Wallet as a Service (WaaS) Product Portfolio
- 12.10.5 Magic Recent Developments
- 12.11 Particle
- 12.11.1 Particle Company Information
- 12.11.2 Particle Business Overview
- 12.11.3 Particle Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.11.4 Particle Wallet as a Service (WaaS) Product Portfolio
- 12.11.5 Particle Recent Developments
- 12.12 Web3Auth
- 12.12.1 Web3Auth Company Information
- 12.12.2 Web3Auth Business Overview
- 12.12.3 Web3Auth Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.12.4 Web3Auth Wallet as a Service (WaaS) Product Portfolio
- 12.12.5 Web3Auth Recent Developments
- 12.13 Trust Wallet
- 12.13.1 Trust Wallet Company Information
- 12.13.2 Trust Wallet Business Overview
- 12.13.3 Trust Wallet Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.13.4 Trust Wallet Wallet as a Service (WaaS) Product Portfolio
- 12.13.5 Trust Wallet Recent Developments
- 12.14 OKX
- 12.14.1 OKX Company Information
- 12.14.2 OKX Business Overview
- 12.14.3 OKX Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.14.4 OKX Wallet as a Service (WaaS) Product Portfolio
- 12.14.5 OKX Recent Developments
- 12.15 Stardust
- 12.15.1 Stardust Company Information
- 12.15.2 Stardust Business Overview
- 12.15.3 Stardust Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.15.4 Stardust Wallet as a Service (WaaS) Product Portfolio
- 12.15.5 Stardust Recent Developments
- 12.16 Fordefi
- 12.16.1 Fordefi Company Information
- 12.16.2 Fordefi Business Overview
- 12.16.3 Fordefi Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.16.4 Fordefi Wallet as a Service (WaaS) Product Portfolio
- 12.16.5 Fordefi Recent Developments
- 12.17 SmartMediaTech
- 12.17.1 SmartMediaTech Company Information
- 12.17.2 SmartMediaTech Business Overview
- 12.17.3 SmartMediaTech Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.17.4 SmartMediaTech Wallet as a Service (WaaS) Product Portfolio
- 12.17.5 SmartMediaTech Recent Developments
- 12.18 Dfns
- 12.18.1 Dfns Company Information
- 12.18.2 Dfns Business Overview
- 12.18.3 Dfns Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.18.4 Dfns Wallet as a Service (WaaS) Product Portfolio
- 12.18.5 Dfns Recent Developments
- 12.19 Cregis
- 12.19.1 Cregis Company Information
- 12.19.2 Cregis Business Overview
- 12.19.3 Cregis Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.19.4 Cregis Wallet as a Service (WaaS) Product Portfolio
- 12.19.5 Cregis Recent Developments
- 12.20 Safeheron
- 12.20.1 Safeheron Company Information
- 12.20.2 Safeheron Business Overview
- 12.20.3 Safeheron Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.20.4 Safeheron Wallet as a Service (WaaS) Product Portfolio
- 12.20.5 Safeheron Recent Developments
- 12.21 Fireblocks
- 12.21.1 Fireblocks Company Information
- 12.21.2 Fireblocks Business Overview
- 12.21.3 Fireblocks Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.21.4 Fireblocks Wallet as a Service (WaaS) Product Portfolio
- 12.21.5 Fireblocks Recent Developments
- 12.22 CoinsDo
- 12.22.1 CoinsDo Company Information
- 12.22.2 CoinsDo Business Overview
- 12.22.3 CoinsDo Revenue in Wallet as a Service (WaaS) Business (2021-2026)
- 12.22.4 CoinsDo Wallet as a Service (WaaS) Product Portfolio
- 12.22.5 CoinsDo Recent Developments
13 Report Conclusion
14 Disclaimer
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