Crypto trader Binance ranked among the largest cryptocurrency exchangers in the world in 2024, with trading volume that was several times as high as Bybit or OKX. It should be noted that these figures are separate from platforms Binance.US, Binance TR or Binance.KR. The platform from the Cayman Islands faced investigations from the U.S. SEC, which came to a head in November 2023. Binance did not rank as the most used cryptocurrency exchanges used by consumers in the United States. Binance's settlement with the U.S. In November 2023, Binance agreed to pay a four billion U.S. dollar settlement with United States agencies — one of the biggest corporate fines in U.S. history. The U.S. Department of Justice investigated the platform for years for failure to prevent money laundering and growing crypto theft. The company's founder and CEO Changpeng Zhao pleaded guilty to the charges, agreeing to step down. Zhao would remain as the company's majority shareholder. The U.S. Treasury announced Binance will be subject to five years of monitoring and “significant compliance undertakings, including to ensure Binance’s complete exit from the United States.” Mixed signals from crypto companies The Binance settlement occurred in a month when overall crypto trading volume recorded its highest numbers for all of 2023. One of the main causes is the sudden popularity of FTT, a token released by FTX — the company founded by Sam Bankman-Fried. The developments surrounding Binance caused investors to move away from Binance's stablecoin BNB to the stablecoin from FTX. Earlier in November 2023, however, Coinbase saw its shares fall after announcing its quarterly performance figures.

A United States consumer survey suggests that Coinbase was more popular for crypto trading in 2023 than Robinhood and Crypto.com combined. More than six out of 10 U.S. crypto owners indicated in February 2023 they used Coinbase as a platform. This is similar to information on which crypto wallets are popular in the United States, where Coinbase also ranked as a popular platform based on daily active users. The source of this particular ranking, however, did not ask additional questions on how these platforms are used, such as for buying or selling, or only for cryptocurrency storage.

As of November 2024, FameEX was the largest South Korean cryptocurrency exchange with a 24-hour trading volume of around 8.7 billion U.S. dollars. Upbit and OKX followed with around 7.6 billion and 5.3 billion dollars, respectively. The Korean cryptocurrency market has grown extensively over the past few years, then the market capitalization and transaction amount began to decrease in 2022.

The most popular Bitcoin trade in December 2024 involved the Bitcoin/Tether pair on Binance, making up nearly five percent of total 24h trade volume. Trades involving Bitcoin (BTC) and Tether (USDT) were also frequent on other exchanges, such as Bybit, Coinbase, and OKX. Among the biggest cryptocurrency exchanges in the world, Bitcoin was traded relatively frequently on Binance - having multiple entries in this list, with the BTC/BUSD and BTC/USD pairs - whereas no trades were observed for a platform like Mandala Exchange.

FTX's collapse in November 2022 meant that the market share of Binance and other leading crypto exchanges changed significantly from one month to the next. Binance, for instance, regained some of the market share it had lost between September and October 2022, growing by 0.8 percentage points in the month of November. Kraken, especially, was affected as the increase of one percentage point is the largest it had seen since 2021. The strong market position of Binance can also be observed when investigating the trading for crypto pairs on such exchanges, such as for Bitcoin - with trades on Binance that involve both Bitcoin and stablecoins being common. News that Binance was to take over FTX in 2022 initially led to a crypto trading volume that was two to four times higher than it was in the previous days.

As of January 2025, transactions with Bitcoin and Ethereum were offered by 29 crypto-asset exchange service providers and financial instruments business operators in Japan, making them the most frequently offered coins. A total of 102 different virtual coins were offered in Japan. Cryptocurrency exchanges in Japan Around 27 cryptocurrency exchanges were registered with the Financial Services Agency (FSA), Japan’s financial market regulator. Binance Japan handled the largest number of coins, followed by BitTrade and OKCoin Japan.Due to tight regulations regarding the launch of new cryptocurrencies, Japanese trading platforms often offer fewer coins than their international counterparts. To facilitate listings of the most common coins, such as Bitcoin and Ethereum, Japan’s self-regulatory body for the cryptocurrency industry, JVCEA, launched a green list of pre-approved tokens in 2022. Hacking incidents have spurred tightened regulations Japan is not only known for its early adoption of cryptocurrency, but also for being a forerunner in regulating the crypto industry. The first legal framework for the cryptocurrency industry was passed as early as 2016. Since then, the FSA has gradually tightened regulations. This is the result of two major hacking incidents at Mt. Gox and Coincheck in 2014 and 2018, in which crypto assets worth billions of yen were lost. Although the regulations are seen as progressive, they are also believed to hinder the growth of the industry.

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Cryptocurrency Market Size 2025-2029

The cryptocurrency market size is forecast to increase by USD 39.75 billion at a CAGR of 16.7% between 2024 and 2029.

The market continues to evolve at an unprecedented pace, driven by increasing investment in digital assets and growing acceptance by retailers as a legitimate form of currency. According to recent reports, global investment in cryptocurrencies reached an all-time high in 2020, with institutional investors leading the charge. This trend is expected to continue, as more financial institutions explore the benefits of cryptocurrencies for portfolio diversification and transaction settlement. However, the market's volatility remains a significant challenge for both investors and businesses. The value of cryptocurrencies can fluctuate dramatically in a short period, making it difficult to predict future trends and assess risk. Despite this, many companies are finding ways to capitalize on the opportunities presented by the market. For instance, some retailers have begun accepting Bitcoin and other cryptocurrencies as payment, while others are exploring blockchain technology to streamline transactions and enhance security. To navigate this complex and dynamic market, companies must stay informed about the latest trends and developments. This includes keeping abreast of regulatory changes, technological advancements, and market sentiment. By doing so, they can position themselves to take advantage of emerging opportunities and mitigate potential risks. Overall, the market offers significant potential for growth and innovation, but also presents unique challenges that require careful planning and strategic foresight.

What will be the Size of the Cryptocurrency Market during the forecast period?

Request Free SampleThe market, driven by the underlying technology of blockchain, represents a decentralized currency system that has gained significant global adoption as a digital alternative to traditional fiat currencies. With a total market capitalization surpassing USD2 trillion, this dynamic market is characterized by price volatility, presenting both opportunities and risks for investors. Theft and security concerns, regulatory outlook, and energy consumption with environmental effects are among the challenges faced by this industry. Skilled developers and financial services institutions are increasingly embracing this digital revolution, leveraging blockchain technology to create innovative consumer protection solutions and ensure financial stability. Meanwhile, the rise of decentralized systems and public ledgers has given way to the proliferation of digital assets, leading to an influx of fraudulent investments. Renewable energy sources and blockchain talent are becoming essential components of the cryptocurrency ecosystem as the industry strives to address concerns related to energy consumption and environmental effects.

How is this Cryptocurrency Industry segmented?

The cryptocurrency industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeBitcoinEthereumOthersRippleBitcoin CashCardanoComponentHardwareSoftwareProcessMiningTransactionMiningTransactionEnd-UseTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceGeographyNorth AmericaUSCanadaEuropeGermanyItalySwitzerlandThe NetherlandsUKAPACChinaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The bitcoin segment is estimated to witness significant growth during the forecast period.Bitcoin, the largest cryptocurrency by market capitalization, is a decentralized digital currency valued at over USD470 billion. It operates on a peer-to-peer (P2P) system without central authorities. The top four stablecoins, Tether, USD Coin, Binance USD, and DAI, are directly pegged to the US dollar and collectively hold a significant market share. In the US, approximately 8% of the population engages in cryptocurrency trading. Bitcoin, as a digital asset, is created, stored, processed, and transferred using blockchain technology – a decentralized system. Other cryptocurrencies like Ethereum, Ripple, and Litecoin also follow this model. The market is evolving, with financial services increasingly adopting digital assets for transactions, investments, and consumer protection. Blockchain technology powers digital wallets, crypto exchanges, and smart contracts, enabling decentralized finance, token offerings, and decentralized applications. The market is subject to price volatility and theft risk, necessitating wallet security and regulatory compliance. Energy consumption and environmental effects are areas of concern, with renewable energy solutions emerging. Skilled developers are in high demand for cre

The Cryptocurrency Exchange Platform Market size was valued at USD 37.07 billion in 2023 and is projected to reach USD 206.41 billion by 2032, exhibiting a CAGR of 27.8 % during the forecasts period. This growth is driven by factors such as the benefits of cryptocurrencies, government initiatives to promote their use, rising concerns about food security, and advancements in technology. A Cryptocurrency Exchange Platform is a digital marketplace where users can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and Tether. These platforms function similarly to traditional stock exchanges, providing a space for participants to engage in the trading of digital assets. Users can access these services through various interfaces, such as mobile apps or desktop applications, which often resemble electronic brokerages. Cryptocurrency exchanges offer a range of trading and investing tools, including margin trading, lending, and futures and options trading. They facilitate price discovery through trading activity and may also provide storage for cryptocurrencies. Before the advent of these platforms, acquiring cryptocurrencies was limited to mining or organizing transactions in forums. Now, with hundreds of crypto exchanges available, they have become an essential part of the cryptocurrency ecosystem, allowing for easy and accessible trading.

We present a high-frequency dataset of algorithmic trading. Given that, the dataset contains different time intervals depending on the timestamp when an arbitrage opportunity occurred. Our dataset has 9,799,130 tick-level records of the Bitcoin-to-Euro exchange rate starting from 2019-01-01 00:00:31 until 2020-03-30 23:59:48. Data covered information about different cryptocurrency pairs from 18 cryptocurrency exchanges. These pairs contained information about exchanges in which it was possible to buy and sell simultaneously. Each row presented the amount of arbitrage that it was possible to earn if a transaction would have been executed. The dataset contains information about the amount of arbitrage that could be earned after executing a transaction in given cryptocurrency exchanges, the quantity which had to be bought to earn arbitrage, the best sell, and the best buy prices, the balance of fiat currency in “Exchange 1” and the balance of cryptocurrency in “Exchange 2”. If there was enough fiat currency in “Exchange 1” and enough cryptocurrency in “Exchange 2” it means that the transaction was successfully executed and given arbitrage amount was earned. This information could be used by investors to discover potential earning capabilities, and create effective arbitrage trading strategies. Moreover, this dataset could serve academics for deeper analysis of efficiency and liquidity questions as well as it could be used to spot and evaluate risks in the market, identify patterns in the market.

Short description of the dataset: ID - Unique ID arb_timestamp - timestamp of arbitrage opportunity arb_exch1 - presents exchanges where one was able to successfully buy Bitcoin arb_exch2 - presents exchanges where one was able to successfully sell Bitcoin arb_ticker - BTCEUR exchange rate arb_prc - percentage earned compared to the invested amount arb_amount - the amount of arbitrage that would be earned if a transaction had been executed arb_quantity - Bitcoin quantity that needed to be bought in order to execute a transaction and to earn arbitrage best_sell_price - best price at which it was possible to sell Bitcoin in "Exchange 2" best_buy_price - best price at which it was possible to buy Bitcoin in "Exchange 1" balance_fiat - the amount of Euros available in “Exchange 1” balance_crypto - the amount of Bitcoin available in “Exchange 2”

CoinAPI delivers comprehensive Currency Data from 350+ crypto exchanges worldwide. Access both real-time and historical market data with precise timestamps and complete volume metrics. Our extensive cryptocurrency information covers all major digital assets.

As of January 2024, 30.8 percent of Indonesian respondents used Indodax for their crypto transactions. According to Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), there were 18.25 million Indonesian cryptocurrency users as of November 2023. Due to the rising interests in digital currencies, Indonesia officially launched the world's first state-backed cryptocurrency bourse in July 2023.

The global cryptocurrency exchange platform market is experiencing robust growth, driven by increasing cryptocurrency adoption, advancements in blockchain technology, and the rising popularity of decentralized finance (DeFi). The market size, estimated at $15.9 billion in 2025, is projected to exhibit significant expansion over the forecast period (2025-2033). While the exact CAGR is unavailable, considering the rapid growth of the cryptocurrency sector and the increasing demand for secure and efficient exchange platforms, a conservative estimate would place the annual growth rate between 15% and 20%. This implies a substantial market expansion within the next decade, reaching potentially over $50 billion by 2033. Key drivers include the institutionalization of cryptocurrencies, regulatory clarity in some regions, and the development of innovative trading features like leveraged trading and derivatives. Trends like the increasing popularity of decentralized exchanges (DEXs) and the emergence of sophisticated security measures are shaping the market landscape. However, regulatory uncertainties, security concerns related to hacks and scams, and the inherent volatility of cryptocurrencies pose significant restraints to market growth. The market is segmented by application (Retail & E-commerce, BFSI, Others) and type (Centralized and Decentralized Exchanges), with centralized exchanges currently dominating the market share due to their higher liquidity and user-friendliness. The regional distribution shows a strong presence in North America and Europe, though Asia-Pacific is exhibiting rapid growth due to increased crypto adoption in countries like India and China. The competitive landscape is highly fragmented, with major players like Binance, Coinbase, and Kraken vying for market share. The future success of these platforms will hinge on their ability to adapt to evolving regulatory environments, enhance security protocols, innovate with new features, and cater to a diverse range of users. The market's trajectory will likely be influenced by broader macroeconomic conditions, technological developments within the blockchain space, and the regulatory landscape governing cryptocurrency exchanges worldwide. The continued development of institutional-grade solutions, improvements in user experience, and expansion into emerging markets will further fuel the market's expansion.

The global Crypto Exchanges & Platforms market is anticipated to grow at a CAGR of XX% during the forecast period 2025-2033. The market size was valued at XXX million in 2025 and is projected to reach USD XXX million by 2033. The increasing popularity of cryptocurrencies, the growing adoption of digital assets, and the rising demand for secure and reliable crypto trading platforms are driving the growth of the market. Furthermore, the market is expected to witness the emergence of new crypto exchanges and platforms, as well as the integration of advanced technologies such as artificial intelligence and machine learning. The market is segmented by application, type, and region. Based on application, the market is divided into SMEs and large enterprises. By type, the market is categorized into cloud-based and on-premises. Geographically, the market is analyzed across North America, South America, Europe, Middle East & Africa, and Asia Pacific. North America is expected to dominate the market during the forecast period, followed by Europe and Asia Pacific. The presence of major crypto exchanges such as Coinbase, Binance, and Kraken in North America is contributing to the growth of the market in the region. Asia Pacific is anticipated to witness significant growth in the coming years due to the rising adoption of cryptocurrencies in countries such as China, India, and Japan.

Crypto AML Compliance Solutions Market size was valued at USD 797.79 Million in 2023 and is projected to reach USD 2,486.86 Million by 2031, growing at a CAGR of 17.6% from 2024 to 2031.

Global Crypto AML Compliance Solutions Market Overview

The rise of standardized compliance protocols is a key trend shaping the global Crypto AML Compliance Solutions Market. Standardization involves the implementation of uniform frameworks across the cryptocurrency industry, simplifying compliance processes and reducing costs. This trend enhances trust and transparency in the cryptocurrency market, aiding its maturation and broader acceptance.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

CoinAPI delivers digital asset data that connects you with major trading platforms. We provide traders and developers with live market updates, current prices, trading volumes, and historical performance for both spot and futures markets.

Our APIs give you access to detailed market data from exchanges like OKX, Upbit, and Bitget. You'll get real-time price updates, trading patterns, and market trends in one place. We deliver this information in formats that work for you, helping you make better trading decisions.

Whether you're building a trading app, analyzing markets, or developing trading strategies, our data offers a complete view of exchange activity. Connect through REST, WebSocket, or FIX to build exactly what you need.

➡️ Why choose us?

📊 Market Coverage & Data Types: ◦ Real-time and historical data since 2010 (for chosen assets) ◦ Full order book depth (L2/L3) ◦ Trade-by-trade data ◦ OHLCV across multiple timeframes ◦ Market indexes (VWAP, PRIMKT) ◦ Exchange rates with fiat pairs ◦ Spot, futures, options, and perpetual contracts ◦ Coverage of 90%+ global trading volume

🔧 Technical Excellence: ◦ 99,9% uptime guarantee ◦ Multiple delivery methods: REST, WebSocket, FIX, S3 ◦ Standardized data format across exchanges ◦ Ultra-low latency data streaming ◦ Detailed documentation ◦ Custom integration assistance

CoinAPI helps hundreds of organizations worldwide - from trading firms and hedge funds to researchers and tech companies. We're known for reliable data and solid technical performance, including comprehensive stablecoin tracking across major markets. That's why so many businesses trust us when they need dependable cryptocurrency market information.

The most popular Ethereum trade in June 2024 involved the pair Ethereum/Tether pair on Binance, making up nearly four percent of total 24h trade volume. Trades involving Ethereum and Tether were also frequent on other exchanges, such as FMFW.io, HitBTC, and Coinsbit. Among the biggest cryptocurrency exchanges in the world, Ethereum was traded relatively frequently on Binance — having multiple entries in this list, with the ETH/BUSD and ETH/BTC pairs — whereas no trades were observed for a platform like Mandala Exchange.

Korean Companies’ Cryptocurrency Data provides important information to analyze and predict trends in the rapidly changing cryptocurrency market. This data includes transaction history, price fluctuations, market sentiment, and exchange data. Collected from various sources such as major cryptocurrency exchanges, blockchain networks, and news sources, it helps investors predict market trends, manage risks, and discover investment opportunities, which are crucial for evaluating the value of Korean companies involved in the cryptocurrency industry.

The dataset contains all historical order book snapshots and blockchain network information used to generate the results for the paper "Building Trust takes Time". A blockchain replaces central counterparties with time-consuming consensus protocols to record the transfer of ownership. This settlement latency slows cross-exchange trading, exposing arbitrageurs to price risk. Off-chain settlement, instead, exposes arbitrageurs to costly default risk. We show with Bitcoin network and order book data that cross-exchange price differences coincide with periods of high settlement latency, asset flows chase arbitrage opportunities, and price differences across exchanges with low default risk are smaller. Blockchain-based trading thus faces a dilemma: reliable consensus protocols require time-consuming settlement latency, leading to arbitrage limits. Circumventing such arbitrage costs is possible only by reinstalling trusted intermediation, which mitigates default risk., This dataset provides three types of Bitcoin-related information:

Centralized crypto-exchange (CEX) characteristics which have been collected manually. High-frequency order book information. The data has been retrieved by regularly fetching order book information from major centralized crypto exchanges (CEX) in minute-level intervals from 2018 - 2019. We provide the entire order book history across the exchanges with this dataset. Corresponding information on the state of the Bitcoin blockchain, for instance, the number of outstanding transactions at every point in time. The data has been used to analyze arbitrage activity across CEXes in relation to the time it takes for validators to execute cross-CEX transactions. Code to replicate the data processing parts is publicly available on Github: www.github.com/voigtstefan/building-trust-takes-time

, , # Data to Replicate the paper Building Trust Takes Time: Limits to Arbitrage for Blockchain-Based Assets

We provide all datasets required to replicate the paper "Building Trust takes Time: Limits to Arbitrage for Blockchain-based Assets". A description of the data sources and preprocessing steps is provided in the paper. All code to generate the results is available on .

Description of the data and file structure

In principle, we offer three different types of crypto-currency-related data:

1. Centralized crypto-exchange (CEX) characteristics, which have been collected manually.
2. High-frequency order book information. The data has been retrieved by regularly fetching order book information from major centralized crypto exchanges (CEX) in minute-level intervals from 2018 - 2019. We provide the entire order book history across the exchanges with this dataset.
3. Corresponding information on the state of the Bitcoin blockchain, for instance, the number of outstanding transacti...

The AI-based Automated Crypto Trading Bots market is poised for substantial growth in the coming years. With a market size valued at 112 million in the base year of 2025, the market is projected to expand at a remarkable compound annual growth rate (CAGR) of 25.9% during the forecast period from 2025 to 2033. This growth is driven by the increasing adoption of AI and blockchain technologies, coupled with the rising popularity of cryptocurrency trading. Major drivers of this market include the need for efficient and automated trading, the increasing institutional adoption of cryptocurrencies, and the growing availability of sophisticated trading bots. The market is segmented based on type into trend-following bots, arbitrage bots, and hybrid bots, with trend-following bots holding the largest market share. In terms of application, the market is divided into individuals and institutions, with individuals being the primary users of AI-based automated crypto trading bots. Prominent companies in this market include ArbitrageScanner, Pionex, Kryll, 3Commas, Altrady, Cryptohopper, TradeSanta, CryptoHero, Bitsgap, Gunbot, and HaasOnline. Regionally, North America is expected to hold the largest market share due to the presence of a large number of cryptocurrency exchanges and trading platforms. The Asia Pacific region is projected to witness the highest growth rate due to the increasing adoption of cryptocurrencies in emerging economies such as China and India. Description: AI-based Automated Crypto Trading Bots empower traders with advanced algorithms and machine learning capabilities to automate trading strategies and execute transactions in the volatile cryptocurrency market. These bots analyze market data, identify trading opportunities, and place orders autonomously, enabling traders to capitalize on market movements around the clock and mitigate human errors.