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.

"Savings accounts (short / long term)" and "Credit cards" are the top two answers among Australian consumers in our survey on the subject of "Most used financial products".The survey was conducted online among 2,021 respondents in Australia, in 2024.

Expert industry market research on the Cryptocurrency Exchanges in Australia (2008-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

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.

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

The size and share of the market is categorized based on Type (Private Blockchain, Hybrid Blockchain) and Application (Small and Medium Business, Large Enterprise) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Technological innovation and new sustainable business practices are currently disrupting the Australian economy and emerging as new industries.

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E-Brokerage Market Size 2025-2029

The e-brokerage market size is forecast to increase by USD 7.39 billion at a CAGR of 7.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the widespread availability of internet access. This digital transformation has led to an increasing number of investors turning to online platforms for brokerage services. Additionally, the demand for customized and personalized solutions is on the rise, with e-brokerage firms responding by offering tailored investment strategies and tools to meet individual client needs. However, this market growth is not without challenges. Cybersecurity risks have emerged as a major concern, with the increasing use of digital platforms presenting new vulnerabilities.
As e-brokerage firms continue to expand their online presence, they must prioritize robust security measures to protect sensitive customer information and maintain trust. Companies seeking to capitalize on market opportunities and navigate these challenges effectively should focus on implementing advanced security technologies, providing personalized services, and building strong customer relationships.

What will be the Size of the E-Brokerage Market during the forecast period?

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The market continues to evolve, driven by the intersection of technology and finance. High-frequency trading firms and fintech startups are revolutionizing the industry with advanced algorithms, trading tools, and real-time data. Active traders seek execution speed and personalized investment strategies, while retail investors demand user-friendly platforms and commission-free trading. Financial technology is transforming account opening, fund transfers, and order execution, enabling digital investment and mobile trading apps. Institutional investors leverage machine learning and artificial intelligence for risk management and data analysis. Pricing transparency and big data analytics are key differentiators, as are security protocols and customer satisfaction. Disruptive technologies, such as blockchain and API integrations, are reshaping the landscape, offering new opportunities for innovation.
Options trading, futures trading, and cryptocurrency trading are gaining popularity, requiring sophisticated trading algorithms and robust risk management systems. Trading platforms must adapt to meet the evolving needs of their customers, offering advanced charting tools, automated trading, and order routing. User experience, account management, and customer support are critical components of success in this dynamic market. The market is characterized by continuous change and innovation, driven by the convergence of technology and finance. From account opening to retirement planning, the industry is undergoing a digital transformation, with new players and technologies disrupting traditional business models.

How is this E-Brokerage Industry segmented?

The e-brokerage 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.

Service Type

  Full time broker
  Discounted broker


Application

  Individual investor
  Institutional investor


Ownership

  Privately held
  Publicly held


Platform

  Web-based
  Mobile apps
  Desktop


Assest Type

  Equities
  Bonds
  Derivatives
  Cryptocurrencies


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Service Type Insights

The full time broker segment is estimated to witness significant growth during the forecast period.

In the dynamic world of financial services, brokerage firms have embraced technological advancements to cater to diverse investor needs. Blockchain technology underpins secure fund transfers, while digital investment platforms offer commission-free trading and fractional shares. Account opening is streamlined with user-friendly mobile apps, and algorithmic trading, powered by machine learning and artificial intelligence, enables personalized investment strategies. Options trading and margin trading are accessible to retail investors, with real-time data ensuring execution speed. Institutional investors leverage advanced trading tools, charting tools, and order routing for high-frequency trading. Financial advisors provide risk management and data security, ensuring customer satisfaction. Disruptive technologies like fintech startups and automated trading have transformed the landscape.

Beginner investors benefit from accessible investment management and wealth management solutions. Cryptocurrency trading, with its integration o

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The fintech investment market share is expected to increase by USD 54.56 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.76%.

This fintech investment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fintech investment market segmentations by investment area (digital payments, insurance, and others) and geography (APAC, North America, Europe, South America, and MEA). The fintech investment market report also offers information on several market vendors, including Ant Technology Group Co. Ltd., Avant LLC, Berkshire Hathaway Inc., Facebook Inc., Funding Circle Holdings Plc, KPMG International Ltd., Oscar Insurance Corp., SoftBank Group Corp., Wealthfront Corp., and ZhongAn Online Property Insurance Co. Ltd. among others.

What will the FinTech Investment Market Size be During the Forecast Period?

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FinTech Investment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The disintermediation of banking services is notably driving the fintech investment market growth, although factors such as privacy and security concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fintech investment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key FinTech Investment Market Driver

One of the key factors driving the fintech investment market growth is disintermediation of banking services. It is estimated that the top banking institutions may develop a strategic approach, such as the development of smartphone payment technologies, to deal with competition from fintech platforms during the forecast period. Equity investment searches have entered the online domain where a huge number of venture capitalists are investing in the market. Angel List is operating as a main business angel network, while other providers are helping to clear investment payments (known as equity crowdfunding). Bitcoin is a virtual currency and a payment system that hinges on software and online transactions. It represents an innovative and secure cryptocurrency that can be bought with traditional money. Transactions that take place in bitcoin currency operate through peer-to-peer technology. Companies such as Microsoft are investing in virtual currencies, whereas other firms like Apple and Google are concentrating on wallets that allow online transactions. Such factors of adoption of blockchain technologies and digital wallets are expected to drive the market in focus during the forecast period.

Key FinTech Investment Market Trend

Innovation and development is the major trend influencing the fintech investment market growth. Fintech startups in New York, Silicon Valley, London, and Australia are registering steady business progress. Their customers are opting for tech-enabled payments, currency exchanges, crowdfunding, online lending, and wealth-management services. This is helping fintech startup firms to gain the upper hand over traditional banking systems and other firms in the financial system. In 2011, the fintech industry did not attract much investment, as in the wake of the 2008 global economic crisis, financial institutions focused on cost-cutting measures to maintain profit margins. There was less attention on investments or embracing new and innovative technologies. However, the current market scenario presents a better picture, with the industry launching new technological products. Major banks are helping to incubate, invest in, or partner with fintech companies. This trend indicates that financial institutions are embracing digital innovations in a bid to strengthen their brand values.

Key FinTech Investment Market Challenge

Privacy and security concerns is one of the key challenges hindering the fintech investment market growth. Payment service providers gather personal data and information about customers so that they can customize advertising messages and target key audiences. Such practices help service providers collect data on customer profiling, behavior, and data mining. However, the indiscriminate use of this data can infringe on customer privacy. Location-based services also have privacy concerns because such offerings and services operate on the basis of real-time, geo-based information. The data collected from smartphone devices is processed and stored by vendors and so remains open to abuse. As smartphones are used in monetary trans