Crypto exchange is a digital service that enables users to trade cryptocurrencies for other assets, such as conventional fiat money or other digital currencies. These exchanges serve as intermediaries, facilitating transactions between buyers and sellers. Users include individual investors, traders, and institutions seeking to invest in or trade digital assets.
The crypto exchanges market consists of revenues earned by entities (organizations, sole traders and partnerships) by providing crypto exchanges, utilized whenever individuals or entities wish to buy, sell, or trade cryptocurrencies. Complementary services include digital wallets for storing cryptocurrencies, while substitute services encompass traditional financial trading services and over the counter (OTC) trading options. The crypto exchange Market, which encompasses the trading activities and financial dynamics of cryptocurrencies, plays a significant role in shaping the broader digital asset ecosystem.
The global crypto exchange market was valued at $10,250.32 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 19.00%.
Growing Popularity Of Digital Assets
The growing popularity of digital assets supported the growth of the crypto exchange market during the historic period. Cryptocurrencies have evolved beyond speculative investments, finding practical applications in areas such as decentralized finance (DeFi), gaming, non-fungible tokens (NFTs), and cross-border payments. The expanding utility of digital assets is driving increased engagement across diverse sectors, boosting activity on crypto exchanges. For example, in May 2024, South Korea's Financial Services Commission survey highlighted significant growth in South Korea's virtual asset market during the second half of 2023, showing that 12% of the population, or 6.45 million people, were engaged in crypto trading. The survey, which included responses from 2,000 participants, revealed that small investors held an average of only $734 in cryptocurrencies. Therefore, the growing popularity of digital assets supported the growth of the crypto exchange market.
Strengthening Crypto Transaction Security Through Strategic Partnerships
Major companies operating in the crypto exchange market are adopting a strategic partnerships approach to improve regulatory compliance, increase liquidity, and enhance credibility. Strategic partnerships help crypto exchange companies by combining resources and expertise, enhancing research and development capabilities, expanding market reach, and accelerating commercialization, ultimately driving innovation and growth. For instance, in September 2023, RedotPay, a Hong Kong-based Web3 payment solution provider partnered with Beosin Co. Ltd. This partnership aims to strengthen the security and efficiency of crypto transactions on RedotPay's platform, which specializes in enabling crypto payments for businesses and consumers. Through this partnership with Beosin, RedotPay seeks to enhance its security framework, ensuring safe and compliant transactions that align with regulatory standards. Beosin Co. Ltd. is a Singapore-based blockchain security company.
The global crypto exchange market is concentrated, with a large players operating in the market. The top ten competitors in the market made up 35.11% of the total market in 2023.
Crypto Exchange Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global crypto exchange market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for crypto exchange? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The crypto exchange market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider crypto exchange market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by exchange model, by trading type, by coin or token and by payment method.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the crypto exchange market.
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by exchange model, by trading type, by coin or token and by payment method in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for crypto exchange providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Exchange Model: Centralized Exchange; Decentralized Exchange
- 2) By Trading Type: Spot Trading; Derivatives Trading
- 3) By Coin Or Token: Bitcoin Exchange; Ethereum Exchange; Altcoin Exchange
- 4) By Payment Method: Fiat Currency Exchange; Cryptocurrency Exchange
- Companies Mentioned: Binance Holdings Ltd.; Coinbase Global Inc.; Kraken Digital Asset Exchange; Block Inc.; Bybit Fintech Limited
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; crypto exchange indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.