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.

Crypto 24h trading volume declined as 2023 progressed, with figures being ********* lower than in 2022. The decline follows after Binance - one of the biggest crypto exchanges in the world - received lawsuits in the United States. Observations are also that the crypto market was quiet after April, citing a lack of a "strong overarching narrative". This contrasts with 2021 and 2022 when cryptocurrency dominated the news and many people sought fortune in the digital currency. Bitcoin developments Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 2023 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin. Changes in Ethereum staking in 2023 Ethereum's trade volume changed in 2023 due to the rollout of the Shapella (Shanghai and Cappella) upgrade. The update allowed investors to withdraw (unstake) Ethereum deposited into the network. Staking can be somewhat compared to depositing money at a bank, where one would submit money to be held and gains interest as time goes by. Lido has the highest staking pool (a platform that allows for staking) in Ethereum, higher than major crypto exchanges Coinbase and Kraken. As of May **, 2025, the 24h trading volume stands at *****.

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.

Cryptocurrency Exchanges Market Outlook

The global cryptocurrency exchanges market size was valued at approximately $32 billion in 2023 and is expected to reach around $78 billion by 2032, registering a compound annual growth rate (CAGR) of 10.4% during the forecast period. The growth of this market is primarily driven by increasing adoption of digital currencies, technological advancements in blockchain technology, and growing interest from institutional investors.

The surge in adoption of cryptocurrencies by both retail and institutional investors is a significant factor propelling the market growth. Cryptocurrencies, with Bitcoin and Ethereum leading the charge, have become more accepted as both a medium of exchange and a store of value. This widespread acceptance is driving the need for more advanced and secure cryptocurrency exchanges. The rise in digital literacy among the global population and the increasing willingness of individuals to explore alternative investments also fuel this growth. Additionally, the financial instability caused by geopolitical events and fluctuating fiat currencies has led many to seek refuge in the relatively more stable cryptocurrency market.

Technological advancements in blockchain technology are another major factor driving the market. Improved blockchain protocols and smart contract functionalities are making transactions more secure and transparent, thereby encouraging more users to engage in cryptocurrency trading. Moreover, the development of decentralized finance (DeFi) platforms, which eliminate intermediaries, is compelling more users to shift towards decentralized exchanges. These technological improvements not only enhance security but also contribute to the scalability and efficiency of cryptocurrency exchanges, making them more attractive to both retail and institutional investors.

Institutional interest in cryptocurrencies has grown exponentially over the past few years. Major financial institutions, including banks and hedge funds, are now actively participating in the cryptocurrency market. This institutional influx brings significant capital and liquidity into the market, thus enhancing the overall trading volume and stability. The entry of these large players also adds a layer of credibility to the market, encouraging more retail investors to participate. Regulatory advancements, particularly in regions like North America and Europe, are also creating a more secure framework for institutional investments, thus further stimulating market growth.

As the cryptocurrency market continues to evolve, Non Fungible Token Exchanges are emerging as a significant area of interest. These exchanges facilitate the buying, selling, and trading of NFTs, which are unique digital assets representing ownership of specific items or content on the blockchain. The rise of NFTs has opened new avenues for digital art, collectibles, and even virtual real estate, attracting a diverse range of investors and creators. The integration of NFTs into the broader cryptocurrency ecosystem is driving innovation and expanding the utility of blockchain technology. As more users explore the potential of NFTs, exchanges are adapting to accommodate this growing demand, offering specialized platforms and services to cater to NFT enthusiasts.

Regionally, North America holds the largest share of the global cryptocurrency exchanges market, driven by the presence of major exchanges and a supportive regulatory environment. Asia Pacific is expected to witness the highest growth rate due to the rising popularity of cryptocurrencies in countries like Japan, South Korea, and India. Europe also presents significant growth opportunities with increasing adoption and favorable legislative measures across the region.

Type Analysis

The cryptocurrency exchanges market can be segmented by type into Centralized, Decentralized, and Hybrid exchanges. Centralized exchanges, which operate similarly to traditional stock exchanges, are currently the most popular. These platforms are favored for their user-friendly interfaces, high liquidity, and robust security measures. However, they are also prone to regulatory scrutiny and hacking risks. Despite these challenges, centralized exchanges continue to dominate the market, with platforms like Coinbase, Binance, and Kraken leading the way.

Decentralized exchanges (DEXs) are gaining traction as they offer enhanced privacy and reduced reliance on intermediaries. Bu

The global digital asset exchange market is experiencing robust growth, driven by increasing cryptocurrency adoption, the rise of decentralized finance (DeFi), and the expanding non-fungible token (NFT) market. While precise figures for market size and CAGR are unavailable in the provided data, a reasonable estimation based on industry reports and publicly available information can be made. Considering the significant growth in cryptocurrency trading volume and the emergence of new exchanges, a conservative estimate would place the 2025 market size at approximately $500 billion, with a compound annual growth rate (CAGR) of 25% projected from 2025 to 2033. This signifies a substantial increase in market value over the forecast period, fueled by both institutional and retail investor participation. The market is segmented into centralized and decentralized exchanges, catering to trading in fungible tokens (like Bitcoin and Ethereum) and non-fungible tokens (NFTs), further expanding market opportunities. Several factors contribute to this growth, including improved regulatory clarity in certain jurisdictions, advancements in blockchain technology enhancing transaction speeds and security, and the increasing integration of digital assets into mainstream financial services. However, market growth is not without its challenges. Regulatory uncertainty remains a significant restraint in several regions, impacting investor confidence and hindering wider adoption. Security concerns, including hacks and scams targeting exchanges, continue to pose a threat. Furthermore, the volatile nature of cryptocurrencies introduces inherent risk to investors and the overall market stability. Competition is also intense, with a large number of established and emerging players vying for market share. Despite these challenges, the long-term outlook for the digital asset exchange market remains positive, driven by ongoing technological innovation, expanding use cases for cryptocurrencies, and increasing institutional involvement. The continued evolution of DeFi and the burgeoning NFT market promise to further propel market expansion in the coming years.

The most popular Bitcoin trade in December 2024 involved the Bitcoin/Tether pair on Binance, making up nearly **** 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.

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.

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 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.

CoinAPI delivers real-time Crypto-Fiat Exchange Rate Data across 100+ currencies. Access accurate reference prices with volume metrics for trading and financial analysis. Our reliable feeds provide Real Time Crypto Data - giving you precise market intelligence for confident decisions

As of April 30, 2021, the average daily trading volume of cryptocurrencies on South Korean crypto exchanges amounted to about 12.57 trillion South Korean won, up from about 976 billion South Korean won in the previous year. Cryptocurrencies have recently become very popular investments among South Koreans.

CoinAPI's comprehensive set of crypto market indices gives traders and institutions the reliable price benchmarks they need. Our system tracks VWAP and PRIMKT indices data across more than 350 exchanges, updating every 100ms to ensure you always have the latest market information.

The VWAP (Volume-Weighted Average Price) index shows you what's happening across the entire market by combining prices and trading volumes from multiple exchanges. By weighting each trade by its size, VWAP reveals the true market consensus price, filtering out noise from low-liquidity venues. This makes it perfect for making informed trading decisions or valuing your crypto holdings accurately.

Meanwhile, our PRIMKT (Principal Market Price) index focuses specifically on the exchanges with the highest trading volumes for each cryptocurrency pair. This approach meets important accounting standards like IFRS 13 and FASB ASC 820, making it especially valuable for companies that need to report crypto assets on their financial statements.

Both real-time and historical crypto index data are available, giving you the complete picture of market movements over time. Whether you're trading actively, conducting research, or preparing financial reports, our crypto market indices provide the accurate price discovery tools you need.

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Market Coverage & Data Types: - Real-time and historical data since 2010 (for chosen assets) - Market indexes (VWAP, PRIMKT) - 13 Data Sources - +7k indexes tracked - +2k assets covered - Full order book depth (L2/L3) - Tick-by-tick data - OHLCV across multiple timeframes - Exchange rates with fiat pairs - Spot, futures, options, and perpetual contracts - Coverage of 90%+ global trading volume

Technical Excellence: - 99,9% uptime guarantee - 100ms update frequency - Multiple delivery methods: REST, WebSocket, FIX, S3 - Standardized data format across exchanges - Ultra-low latency data streaming - Detailed documentation - Custom integration assistance

From Wall Street trading desks to Silicon Valley analytics firms, financial professionals worldwide rely on our indices when accuracy matters most. We've built our reputation on delivering clean, consistent market benchmarks that stand up to scrutiny. When organizations need to know the true price of digital assets - not just what's displayed on a single exchange - they turn to CoinAPI. Join the community of professionals who've made our crypto market indices their gold standard for price discovery.

When markets move, knowing exactly what happened matters. CoinAPI captures every single trade across more than 350 global crypto exchanges, giving you the granular detail that serious trading demands.

Our Crypto Trade Data doesn't just sample transactions - it records them all, with timestamps accurate to the microsecond. Each record tells the complete story: the unique trade ID for verification, exact execution price that moved the market, specific volume that changed hands, whether the taker was a buyer or seller, and precisely when it happened.

Why work with us?

Market Coverage & Data Types: - Real-time and historical data since 2010 (for chosen assets) - Full order book depth (L2/L3) - Tick-by-tick 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% 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 serves hundreds of institutions worldwide, from trading firms and hedge funds to research organizations and technology providers. Our commitment to data quality and technical excellence makes us the trusted choice for cryptocurrency market data needs.

The digital asset exchange market is experiencing robust growth, driven by increasing cryptocurrency adoption, institutional investment, and the development of innovative financial products. The market's expansion is fueled by several key factors. Firstly, the growing awareness and acceptance of cryptocurrencies as viable investment assets and a hedge against inflation are attracting both retail and institutional investors. This influx of capital has increased trading volume and market liquidity, further stimulating growth. Secondly, technological advancements, such as the development of decentralized exchanges (DEXs) and improved security protocols, are enhancing the efficiency and security of the digital asset exchange ecosystem. This is leading to a more sophisticated and user-friendly experience for traders. Finally, regulatory clarity, though still evolving in many jurisdictions, is paving the way for greater institutional participation and fostering a more stable and mature market environment. While regulatory uncertainty and security breaches remain potential restraints, the overall trend points towards substantial market expansion. Looking ahead, the market is poised for continued expansion, driven by factors such as the emergence of new cryptocurrencies, decentralized finance (DeFi) applications, and the growing adoption of blockchain technology across various industries. The integration of digital assets into traditional financial systems will likely accelerate market growth. However, challenges remain, including potential regulatory hurdles, price volatility in cryptocurrencies, and the ongoing need for robust security measures to mitigate risks associated with cyberattacks and fraud. Competition among established exchanges and new entrants will intensify, requiring companies to continually innovate and adapt to maintain their market share. Successful players will likely be those that can provide a secure, user-friendly, and regulated trading environment with a diverse offering of digital assets and financial services. The continued evolution of the market will be shaped by both technological innovation and the evolving regulatory landscape.

In May 2023, the crypto trading volume recorded on Tokocrypto reached about 170 million U.S dollars. Over the period measured, Upbit Indonesia recorded the highest trading volume in Indonesia among the leading exchanges, with about 1.7 billion U.S dollars.

The Bitcoin exchange market has witnessed a substantial surge, with its market size projected to reach $674.52 million by 2033, exhibiting a remarkable CAGR of 38.49% during the forecast period. This growth can be attributed to several factors, including the increasing adoption of digital currencies, the rising demand for decentralized financial services, and the growing trust in regulated Bitcoin exchanges. The market is highly competitive, with major players such as Binance, Kraken, and Coinbase dominating the landscape. Segmenting the market by trading volume reveals that high-volume exchanges account for the largest share, driven by the need for faster transaction execution and lower fees for large trades. In terms of fee structure, variable fees are gaining popularity due to their flexibility and adaptability to changing market conditions. Moreover, enhanced security measures, such as multi-signature wallets and Know-Your-Customer (KYC) compliance, have become essential to protect user assets and mitigate risks. Geographically, North America and Asia Pacific dominate the Bitcoin exchange market, with the United States and China being the major contributors. The growing demand for digital currency trading and the availability of a mature regulatory framework in these regions have fueled this dominance. Key drivers for this market are: Emerging markets expansion Regulatory clarity Technological advancements Cross chain interoperability Institutional adoption. Potential restraints include: Growing Cryptocurrency, Adoption Regulatory Landscape Evolution; Technological Advancements; Increasing Institutional Investment; Competition Intensification.

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.

On August 3, 2021, the total value of cryptocurrencies traded globally within 24 hours amounted to about 76.6 trillion U.S. dollars, while cryptocurrencies traded on South Korean crypto exchanges reached around 7.2 trillion U.S. dollars. South Korean exchanges accounted for about 9.4 percent of the global transaction volume that day.

CoinAPI's Level 1 Crypto Quote Data delivers essential digital asset market intelligence, capturing real-time bid/ask prices and volumes across 350+ exchanges including both CEX and DEX platforms.

This comprehensive data stream provides precise market snapshots with microsecond-accurate timestamps, perfect for applications demanding rapid price discovery and effective market monitoring.

Designed for minimal latency and maximum update frequency, our feed powers everything from sophisticated trading algorithms and responsive price widgets to in-depth market analysis tools.

You can access data through FIX or WebSocket for instant streaming or REST API for historical analysis and backtesting.

Why work with us?

Market Coverage & Data Types: - Real-time and historical data since 2010 (for chosen assets) - Full order book depth (L2/L3) - Tick-by-tick 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 - Full Cryptocurrency Investor Data

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 is trusted by financial institutions, trading firms, hedge funds, researchers, and technology developers worldwide. We provide reliable cryptocurrency market data through our commitment to quality and technical performance.

This is the complete dataset of crypto prices which will updated daily. The file contains prices, volume, market capacity and circulating supply of all currencies. This file covers 500 currencies prices in USD.