This report describes and explains the crypto exchange market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global crypto exchange market reached a value of nearly $24.75 billion in 2024, having grown at a compound annual growth rate (CAGR) of 19.29% since 2019. The market is expected to grow from $24.75 billion in 2024 to $71.94 billion in 2029 at a rate of 23.78%. The market is then expected to grow at a CAGR of 24.26% from 2029 and reach $213.15 billion in 2034.
Growth in the historic period resulted from increasing adoption of bitcoin, growing popularity of digital assets, increasing adoption of smartphones, rising disposable income and increased internet penetration. Factors that negatively affected growth in the historic period were cybersecurity risks.
Going forward, strong economic growth in emerging markets, rise in digital payments adoption, favorable government initiatives, increasing population and urbanization and increasing e-commerce will drive the growth. Factor that could hinder the growth of the crypto exchange market in the future include economic uncertainties or downturns.
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. Binance Holdings Ltd. was the largest competitor with a 12.58% share of the market, followed by Coinbase Global Inc. with 7.76%, Kraken Digital Asset Exchange with 4.54%, Block Inc. with 4.27%, Bybit Fintech Limited with 2.81%, Foris DAX Asia Pte. Ltd. (Crypto.com) with 0.79%, Robinhood Markets Inc. with 0.67%, eToro Group Ltd. with 0.59%, Fireblocks Inc. with 0.56% and KuCoin Co. Limited. with 0.55%.
The crypto exchange market is segmented by exchange model into centralized exchange and decentralized exchange. The centralized exchange market was the largest segment of the crypto exchange market segmented by exchange model, accounting for 90.76% or $22.46 billion of the total in 2024. Going forward, the decentralized exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by exchange model, at a CAGR of 26.37% during 2024-2029.
The crypto exchange market is segmented by trading type into spot trading and derivatives trading. The spot trading market was the largest segment of the crypto exchange market segmented by trading type, accounting for 58.86% or $14.57 billion of the total in 2024. Going forward, the derivatives trading segment is expected to be the fastest growing segment in the crypto exchange market segmented by trading type, at a CAGR of 25.59% during 2024-2029.
The crypto exchange market is segmented by coin or token into bitcoin exchange, altcoin exchange and ethereum exchange. The bitcoin exchange market was the largest segment of the crypto exchange market segmented by coin or token, accounting for 46.36% or $11.47 billion of the total in 2024. Going forward, the altcoin exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by coin or token, at a CAGR of 24.78% during 2024-2029.
The crypto exchange market is segmented by payment method into fiat currency exchange and cryptocurrency exchange. The fiat currency exchange market was the largest segment of the crypto exchange market segmented by payment method, accounting for 59.72% or $14.78 billion of the total in 2024. Going forward, the cryptocurrency exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by payment method, at a CAGR of 24.06% during 2024-2029.
North America was the largest region in the crypto exchange market, accounting for 40.20% or $9.95 billion of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the crypto exchange market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 25.10% and 24.01% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 23.71% and 22.91% respectively.
The top opportunities in the crypto exchange market segmented by exchange model will arise in the centralized exchange segment, which will gain $42.1 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by trading type will arise in the spot trading segment, which will gain $25.55 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by coin or token will arise in the bitcoin exchange segment, which will gain $21.79 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by payment method will arise in the fiat currency exchange segment, which will gain $27.85 billion of global annual sales by 2029. The crypto exchange market size will gain the most in the USA at $17.25 billion.
Market-trend-based strategies for the crypto exchange market include strengthening crypto transaction security through strategic partnerships, decentralized exchanges offering greater liquidity and a broader range of cryptocurrencies and focus on APIs for enhanced integration and real-time functionality.
Player-adopted strategies in the crypto exchange market include focus on strategic partnerships to expand their business expertise and new product launches to expand their business expertise.
To take advantage of the opportunities, the analyst recommends the crypto exchange companies to focus on strategic partnerships to enhance compliance and growth, focus on decentralized exchanges to improve security and user options, focus on APIs to enhance integration and user experience, focus on decentralized exchange market growth, focus on derivatives trading market growth, focus on altcoin exchange market growth, focus on cryptocurrency exchange market growth, expand in emerging markets, focus on expanding digital and regional accessibility, focus on competitive and transparent pricing strategies, focus on diversified digital campaigns, focus on loyalty and referral programs and focus on building strong relationships with financial service providers.
The global crypto exchange market reached a value of nearly $24.75 billion in 2024, having grown at a compound annual growth rate (CAGR) of 19.29% since 2019. The market is expected to grow from $24.75 billion in 2024 to $71.94 billion in 2029 at a rate of 23.78%. The market is then expected to grow at a CAGR of 24.26% from 2029 and reach $213.15 billion in 2034.
Growth in the historic period resulted from increasing adoption of bitcoin, growing popularity of digital assets, increasing adoption of smartphones, rising disposable income and increased internet penetration. Factors that negatively affected growth in the historic period were cybersecurity risks.
Going forward, strong economic growth in emerging markets, rise in digital payments adoption, favorable government initiatives, increasing population and urbanization and increasing e-commerce will drive the growth. Factor that could hinder the growth of the crypto exchange market in the future include economic uncertainties or downturns.
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. Binance Holdings Ltd. was the largest competitor with a 12.58% share of the market, followed by Coinbase Global Inc. with 7.76%, Kraken Digital Asset Exchange with 4.54%, Block Inc. with 4.27%, Bybit Fintech Limited with 2.81%, Foris DAX Asia Pte. Ltd. (Crypto.com) with 0.79%, Robinhood Markets Inc. with 0.67%, eToro Group Ltd. with 0.59%, Fireblocks Inc. with 0.56% and KuCoin Co. Limited. with 0.55%.
The crypto exchange market is segmented by exchange model into centralized exchange and decentralized exchange. The centralized exchange market was the largest segment of the crypto exchange market segmented by exchange model, accounting for 90.76% or $22.46 billion of the total in 2024. Going forward, the decentralized exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by exchange model, at a CAGR of 26.37% during 2024-2029.
The crypto exchange market is segmented by trading type into spot trading and derivatives trading. The spot trading market was the largest segment of the crypto exchange market segmented by trading type, accounting for 58.86% or $14.57 billion of the total in 2024. Going forward, the derivatives trading segment is expected to be the fastest growing segment in the crypto exchange market segmented by trading type, at a CAGR of 25.59% during 2024-2029.
The crypto exchange market is segmented by coin or token into bitcoin exchange, altcoin exchange and ethereum exchange. The bitcoin exchange market was the largest segment of the crypto exchange market segmented by coin or token, accounting for 46.36% or $11.47 billion of the total in 2024. Going forward, the altcoin exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by coin or token, at a CAGR of 24.78% during 2024-2029.
The crypto exchange market is segmented by payment method into fiat currency exchange and cryptocurrency exchange. The fiat currency exchange market was the largest segment of the crypto exchange market segmented by payment method, accounting for 59.72% or $14.78 billion of the total in 2024. Going forward, the cryptocurrency exchange segment is expected to be the fastest growing segment in the crypto exchange market segmented by payment method, at a CAGR of 24.06% during 2024-2029.
North America was the largest region in the crypto exchange market, accounting for 40.20% or $9.95 billion of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the crypto exchange market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 25.10% and 24.01% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 23.71% and 22.91% respectively.
The top opportunities in the crypto exchange market segmented by exchange model will arise in the centralized exchange segment, which will gain $42.1 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by trading type will arise in the spot trading segment, which will gain $25.55 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by coin or token will arise in the bitcoin exchange segment, which will gain $21.79 billion of global annual sales by 2029. The top opportunities in the crypto exchange market segmented by payment method will arise in the fiat currency exchange segment, which will gain $27.85 billion of global annual sales by 2029. The crypto exchange market size will gain the most in the USA at $17.25 billion.
Market-trend-based strategies for the crypto exchange market include strengthening crypto transaction security through strategic partnerships, decentralized exchanges offering greater liquidity and a broader range of cryptocurrencies and focus on APIs for enhanced integration and real-time functionality.
Player-adopted strategies in the crypto exchange market include focus on strategic partnerships to expand their business expertise and new product launches to expand their business expertise.
To take advantage of the opportunities, the analyst recommends the crypto exchange companies to focus on strategic partnerships to enhance compliance and growth, focus on decentralized exchanges to improve security and user options, focus on APIs to enhance integration and user experience, focus on decentralized exchange market growth, focus on derivatives trading market growth, focus on altcoin exchange market growth, focus on cryptocurrency exchange market growth, expand in emerging markets, focus on expanding digital and regional accessibility, focus on competitive and transparent pricing strategies, focus on diversified digital campaigns, focus on loyalty and referral programs and focus on building strong relationships with financial service providers.
Major Market Trends
- Strengthening Crypto Transaction Security Through Strategic Partnerships
- Decentralized Exchanges Offering Greater Liquidity and a Broader Range of Cryptocurrencies
- Focus on APIs for Enhanced Integration and Real-Time Functionality
Key Mergers and Acquisitions
- OSL Group Acquired CoinBest
- CoinDCX Acquired BitOasis
- SBI Holdings Inc. Acquired Bitpoint
- Amber Group Acquired DeCurret Inc.
- OANDA Acquired Coinpass
- Binance Acquired Tokocrypto
- Binance Acquired Sakura Exchange BitCoin (SEBC)
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Crypto Exchange Market - Macro Economic Scenario
8 Major Market Trends
9 Global Market Size and Growth
10 Crypto Exchange Trading Volume, Gross Profit and Net Profit by Large, Medium, and Start-Up Exchange
11 Crypto Exchange Other Services Such as Trading Contests, Education, and Others
12 Global Crypto Exchange Market Segmentation
13 Crypto Exchange Market, Regional and Country Analysis
14 Asia-Pacific Market
15 Western Europe Market
16 Eastern Europe Market
17 North America Market
18 South America Market
19 Middle East Market
20 Africa Market
21 Competitive Landscape and Company Profiles
22 Other Major and Innovative Companies
25 Key Mergers and Acquisitions
26 Opportunities and Strategies
27 Crypto Exchange Market, Conclusions and Recommendations
28 Appendix
Executive Summary
Crypto Exchange Global Market Opportunities and Strategies to 2034 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.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
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 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 Exchange2) 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
Key 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 Segmentation: 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.
Companies Mentioned
Some of the major companies featured in this Crypto Exchange market report include:- Binance Holdings Ltd.
- Coinbase Global Inc.
- Kraken Digital Asset Exchange
- Block Inc.
- Bybit Fintech Limited
- Foris DAX Asia Pte. Ltd. (Crypto.com)
- Robinhood Markets Inc.
- eToro Group Ltd.
- Fireblocks Inc.
- KuCoin Co. Limited.
- Bitmain Technologies Ltd.
- Gemini
- Canaan Creative Inc.
- DeCurret Inc.
- Matrixport
- Hyperchain Technology
- Bitpoint Japan Co.
- Animoca Brands Corporation Ltd.
- DAX Asia Pte. Ltd.
- Sony Group Corporation
- N26
- Bitstamp
- Ledger
- OANDA Crypto
- Sygnum Bank
- Deutsche Börse AG
- Paxful
- Exmo
- CoinGate
- BTC-Alpha
- CoinEx
- CoinFlip
- CME Group
- Purpose Investments
- Bitget
- Coinbase
- Kraken
- Coinsquare
- Bitbuy
- Newton
- Bitso
- Volabit
- Mexo
- Bitlem
- Paxos
- BlockFi
- Bittrex
- Mercado Pago
- Itaú Unibanco
- Bancolombia
- Ripio
- Bitex
- Mercado Bitcoin
- Foxbit
- NovaDAX
- FlowBTC
- Nobidex
- Paribu
- Bybit
- ValiCoin
- IranBit
- eToro
- Coinmama
- Bit2C
- BitOasis
- CoinMENA
- Koinim
- Commercial International Bank (CIB)
- Yellow Card Inc.
- Ripple Labs Inc.
- Schindlers Digital Assets
- NeoNomad
- Paycorp Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | February 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 24.75 Billion |
| Forecasted Market Value ( USD | $ 213.15 Billion |
| Compound Annual Growth Rate | 24.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 74 |
