More players are beginning to arrive in the world of digital assets. Investors will have to think about what it means for their wallets—and for wallet stocks.
At the beginning of a person’s journey into the world of cryptocurrencies such as bitcoin, “wallet” often refers to what a traditional bank or brokerage account already does: hold a customer’s assets. It is a basic building block of crypto finance’s future. A wallet can be attached to an exchange for trading, used to make purchases with crypto, or to help access the world of nonfungible tokens and decentralized finance, or “DeFi.”
