The Cryptocurrency Exchanges industry shifted from being in the red to the black in recent years. Initially, cryptocurrency exchanges generated little revenue, as the concept of cryptocurrency was still in its infancy. Many local exchanges recorded operating losses and relied on external funding or capital sources. Nonetheless, the cryptocurrency boom, spurred by rising adoption and increased visibility on social media platforms, including posts from Elon Musk, turned things around in the two years through 2021-22. This boom was a milestone for the industry as demand for cryptocurrencies reached new peaks and raised awareness of cryptocurrencies as an asset class. Corporations like Tesla, Square and MicroStrategy began buying Bitcoin, stirring institutional interest in cryptocurrencies. Cryptocurrency exchange revenue is expected to grow at an annualised 2.2% over the five years through 2024-25 to $470.2 million. This includes an anticipated 11.0% spike in 2024-25 attributable to higher acceptance of cryptocurrencies and a more transparent regulatory framework. The Cryptocurrency Exchanges industry faces significant challenges like regulatory uncertainties, market volatility and cybersecurity threats. In recent years, multiple scandals have been detrimental to cryptocurrency exchanges and reduced investors’ confidence in them and cryptocurrencies. This includes the notorious FTX scandal, where the company’s founder misused clients’ funds to purchase luxury properties in the Bahamas and make huge political donations. This has elevated the Australian Government’s commitment to regulate the crypto industry in order to safeguard retail investors. Nonetheless, regulator crackdowns and uncertainty have weighed on industry revenue as investors become wary of potential risks. Beyond the controversies, advancements in blockchain technology, widespread acceptance of digital currencies and a growing range of products are set to contribute to the performance of cryptocurrency exchanges. The Federal Government will continue developing regulatory frameworks poised to enhance industry stability and credibility, drawing in more investors. This will benefit Australian crypto exchanges in the long run, as it helps foster trust. Cryptocurrency exchange revenue is forecast to continue growing strongly at an annualised 3.5% through 2029-30, to $557.1 million.

More men than women entered the crypto market between 2019 and 2020, leading to a bigger cryptocurrency gender gap for Australia. The source lists Australian women as "reserved", citing them half as likely to invest in cryptocurrency than men. Whether figures had changed come early 2021 - after the price surge of Bitcoin in February and March - is not yet known: The source does not indicate when the survey was held exactly, making it possible that the information shown is from before the developments seen in crypto since late 2020.

In Australia Blockchain Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

In Australia Cryptocurrency Payment Apps Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

Market Size statistics on the Cryptocurrency Exchanges industry in Australia

According to a survey on the BTC Markets cryptocurrency exchange, the average initial deposit made by female BTC Markets users in financial year *** was ***** Australian dollars. This figure was slightly lower, at just under ************ Australian dollars, for male users of the exchange.

Cryptocurrency apps grew significantly in Australia in 2021, with the daily active users (DAU) of some apps growing by 1,000 percent between January and February. While the Coinbase Wallet app already had a DAU of several thousands in 2020, the early months of 2021 sparked a significant growth across multiple crypto wallets in Australia. CoinSpot - a domestic cryptocurrency exchange - grew from an active user base of around ***** each day in January 2021 to nearly ****** per day one month later. Roughly eight percent of Australians said they either owned or owned a cryptocurrency when asked in a consumer survey in 2020, putting them in the mid-tier of a consumer comparison for ** different countries worldwide on cryptocurrency adoption for that year.

Crypto-Tax Compliance Market Outlook

According to the latest research, the global crypto-tax compliance market size reached USD 1.2 billion in 2024, with a robust compound annual growth rate (CAGR) of 18.6%. This rapid expansion is primarily driven by the increasing global adoption of cryptocurrencies and the parallel escalation in regulatory scrutiny. As governments worldwide tighten tax regulations concerning digital assets, businesses and individuals are compelled to seek advanced compliance solutions. By 2033, the crypto-tax compliance market is forecasted to attain a value of USD 5.2 billion, reflecting the sector's dynamic evolution and the growing necessity for automated, accurate tax reporting solutions.

One of the primary growth factors propelling the crypto-tax compliance market is the surge in cryptocurrency transactions across both retail and institutional investors. With the mainstreaming of digital assets, the frequency and complexity of crypto transactions have increased, making manual tax calculations increasingly burdensome and error-prone. This complexity is further compounded by the emergence of decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and cross-border crypto trades, all of which require meticulous tracking for tax purposes. As a result, demand for sophisticated software and service offerings that can automate tax calculations, generate accurate reports, and ensure regulatory compliance has soared, fueling market expansion.

Another significant driver is the intensification of regulatory oversight. Governments and tax authorities in major economies such as the United States, European Union, and Australia are enacting stringent guidelines and reporting requirements for cryptocurrency holdings and transactions. The implementation of measures like the Financial Action Task Force (FATF) Travel Rule and the IRS’s Form 8949 for crypto reporting in the US exemplifies this trend. These regulatory pressures are compelling individuals, enterprises, and tax professionals to adopt comprehensive crypto-tax compliance solutions to avoid penalties, audits, and legal complications. This trend is expected to strengthen further as new regulations are introduced and existing ones become more sophisticated.

Technological advancements are also playing a pivotal role in shaping the crypto-tax compliance market. The integration of artificial intelligence, machine learning, and blockchain analytics into compliance solutions has enabled real-time tracking, automated reconciliation, and predictive risk assessment. These innovations not only enhance accuracy but also streamline the user experience for both enterprises and individuals. Furthermore, the proliferation of cloud-based deployment models has made these solutions more accessible and scalable, catering to the diverse needs of small and medium enterprises (SMEs) as well as large organizations. The synergy of regulatory demand and technological innovation is expected to sustain the market’s high growth trajectory over the forecast period.

From a regional perspective, North America continues to dominate the crypto-tax compliance market, accounting for the largest share in 2024. This dominance is attributed to the early adoption of cryptocurrencies, a mature regulatory environment, and the presence of leading market players in the region. Europe follows closely, driven by proactive regulatory frameworks and increasing institutional participation in digital assets. Meanwhile, Asia Pacific is emerging as a high-growth region, propelled by rising crypto adoption in countries like Japan, South Korea, and Singapore, along with evolving tax regulations. Latin America and the Middle East & Africa are also witnessing growing interest, albeit from a smaller base, as governments in these regions begin to formalize their approach to crypto taxation.

Component Analysis

The component segment of the crypto-tax compliance market is broadly divided into software and services, each playing a crucial role in addressing the multifaceted demands of tax compliance for digital assets. Software solutions form the backbone of this market, providing automated tools for tax calculation, transaction tracking, and report generation. These platforms are designed to integrate seamlessly with various cryptocurrency exchanges and wallets, ensuring that users can import transaction histories, categorize trades,

The crypto tax software market is expected to be worth US$ 187.2 million in 2024. The need for the software is expected to increase at a CAGR of 12.50% over the forecast period. The cryptocurrency market has been expanding at a fast pace, being one of the factors that stimulates the sector's development and attracting a considerable number of new investors in tax software.

Category-wise Insights

Country-wise Insights

This dataset contains data on 3 online cryptomarkets, -Agartha -Cryptonia -Tochka

According to a June 2021 survey on cryptocurrency investments in Australia, ** percent of respondents reported that the leading challenge to investing in cryptocurrency is market volatility. Only *** percent of respondents reported that fear of losing everything was the biggest challenge.

According to a survey on the BTC Markets cryptocurrency exchange, the average portfolio size of female BTC Markets users in financial year 2022 was just over ***** Australian dollars. This figure was higher, at just over ************** Australian dollars, for male users of the exchange.

The attached files enable the full replication of the empirical analysis. All .ipynb files ending in _retrieve contain the code for retrieving data via the respective APIs. We manually obtained the total global crypto asset market capitalization, as well as the market capitalization of each individual cryptocurrency and stablecoin, from CoinGecko. The data is stored as individual .csv files, which are imported into the .ipynb files. Additionally, we retrieve the following daily variables from DataStream: the TRY/USD exchange rate, MSCI World Index, TR2YT, US2YT, BIST 100, and S&P 500. The dummy variable indicating month-to-month inflation shocks exceeding 5% is based on the file AppendixB_Türkiye_Inflation_figures_CSV_format.csv. The data in this file was manually obtained from the website of the Central Bank of the Republic of Türkiye (CBRT). Descriptive statistics and empirical analysis are conducted in Stata. All figures are generated using the .ipynb file P3_Code_Python_figures. Note that the categorization used in the published paper (MegaCap, LargeCap, MidCap), which follows FINRA’s classification of stocks by market capitalization, differs from the terminology in the code (LargeCap, MidCap, SmallCap). This discrepancy is purely nominal and does not affect the results.

Discover the latest insights from Market Research Intellect's Blockchain For Retail Market Report, valued at USD 5.3 billion in 2024, with significant growth projected to USD 20.4 billion by 2033 at a CAGR of 20.7% (2026-2033).

According to a April 2022 survey on the BTC Markets cryptocurrency exchange, the average portfolio size of BTC Markets users aged 60 years or over was just under ************* Australian dollars in financial year 2022. This figure was significantly lower, at just over ***** Australian dollars, for the 18 to 24 years cohort.

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Non-Fungible Token (NFT) Market Size 2025-2029

The non-fungible token (nft) market size is valued to increase USD 84.13 billion, at a CAGR of 30.3% from 2024 to 2029. Increasing demand for digital art will drive the non-fungible token (nft) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 37% growth during the forecast period.
By Application - Collectibles segment was valued at USD 8.8 billion in 2023
By End-user - Personal segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 407.43 million
Market Future Opportunities: USD 84127.20 million
CAGR from 2024 to 2029 : 30.3%

Market Summary

Non-Fungible Tokens (NFTs), a digital asset class distinct from cryptocurrencies, have gained significant traction in the global market. According to a recent report by DappRadar, the total sales volume of NFTs surpassed USD2.5 billion in the first half of 2021, marking a substantial increase from the USD13.7 million recorded in the same period in 2018. The NFT market's growth is driven by the increasing demand for digital art and collectibles, as well as growing interest from major brands. In March 2021, Christie's auction house sold an NFT artwork, 'Everydays: The First 5000 Days,' for USD69 million, underscoring the potential value of digital assets. Brands like Nike, Coca-Cola, and Adidas have also entered the NFT space, recognizing the opportunity to engage consumers through unique digital experiences. However, the NFT market faces uncertainty due to regulatory challenges and ethical concerns. As the market evolves, regulators are grappling with how to classify and regulate NFTs, which could impact their adoption and value. Additionally, the environmental impact of NFTs, which rely on blockchain technology, has raised concerns among some consumers and organizations. Despite these challenges, the NFT market continues to grow, offering businesses opportunities to explore new revenue streams and engage consumers through innovative digital experiences. As the market matures, it is expected to provide new avenues for creativity, commerce, and connection in the digital world.

What will be the Size of the Non-Fungible Token (NFT) Market during the forecast period?

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How is the Non-Fungible Token (NFT) Market Segmented ?

The non-fungible token (nft) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationCollectiblesSportsArtsOthersEnd-userPersonalCommercialTypePhysical assetDigital assetGeographyNorth AmericaUSCanadaEuropeGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Application Insights

The collectibles segment is estimated to witness significant growth during the forecast period.

Non-Fungible Tokens (NFTs) represent a burgeoning market for unique, digital collectibles, minted on the blockchain. These tokens, which cannot be exchanged for identical items, offer a new frontier for collectors and creators alike. NFT marketplaces facilitate buying and selling, with ownership verified through a decentralized ledger. Each NFT is assigned unique identifiers and metadata, ensuring digital scarcity and authenticity. Gas fees and transaction costs are integral parts of the NFT ecosystem, with blockchain scalability a continuous challenge. However, innovations like proof of stake and layer 2 solutions are addressing these concerns. NFTs have found significant traction in gaming integration, supply chain tracking, digital identity, and metaverse experiences. The NFT market has seen impressive growth, with over USD2.5 billion in sales in Q3 2021 alone. Smart contracts and fractional ownership enable new revenue streams and access control. Cryptographic hashing and royalty mechanisms ensure creators receive ongoing compensation. NFT wallets and standards like ERC-721 provide secure storage and interoperability. NFTs offer a range of benefits, from IP protection and metadata standards to asset tokenization and access control. They also cater to various industries, from digital art to collectible assets. With ongoing advancements, the NFT market is poised to revolutionize the way we value and trade digital assets.

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The Collectibles segment was valued at USD 8.8 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast p

According to a June 2021 survey on the BTC Markets cryptocurrency exchange, the average initial deposit made by BTC Markets users aged 65 years or over was ***** Australian dollars in financial year 2021. This figure was significantly lower, at ***** Australian dollars, for the 18 to 24 years cohort. The survey found that younger cryptocurrency traders make smaller deposits on the platform, but are more active in making trades than older users.

Uncover Market Research Intellect's latest Blockchain In Retail Sector Market Report, valued at USD 6.5 billion in 2024, expected to rise to USD 30.7 billion by 2033 at a CAGR of 20.4% from 2026 to 2033.

The highest number of Bitcoin ATMs was recorded in the United States in 2025, with significant more machines found here than elsewhere in the world. Canada, Australia, and Spain followed. There are two main types of Bitcoin ATMs: the basic ones, allowing the users only to purchase Bitcoins, and more complex ones, enabling the users both to buy and sell the virtual money. In case of complex ATMs, only the members of a particular ATM producer can use the ATM. General Bytes was the leading Bitcoin ATM manufacturer worldwide, with nearly ** percent of the global market share.