Crypto trader CoinUp.io ranked among the largest cryptocurrency exchangers in the world in 2025, with trading volume that was about four times as high as Picol or Pionex. Binance was the second leading exchanger in the ranking, with trading volume over 16 billion U.S. dollars as of November 27, 2025. It should be noted that these figures are separate from the 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 exchange 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.

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 *** percentage points in the month of November. Kraken, especially, was affected as the increase of *** 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 *** to **** times higher than it was in the previous days. As of September 2025, Binance's market share stands at **** percentage points, reflecting its ongoing dominance in the crypto exchange market.

As of September 2025, CoinW was the largest South Korean cryptocurrency exchange with a 24-hour trading volume of around **** billion U.S. dollars. BitMart and Tapbit followed with around **** billion and **** 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 on November 27, 2025 involved the Tether Gold/Bitcoin 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. 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.

Cryptocurrency Exchanges Market Outlook

The global cryptocurrency exchanges market size was valued at approximately USD 30.106 billion in 2024 and is expected to reach around USD 153 billion by 2033, registering a compound annual growth rate (CAGR) of

19.80% 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 Krak

Cryptocurrency enjoyed a prosperous year in 2021 as the asset class enjoyed record returns. In 2021, the crypto industry's total market capitalization grew by 187.5%, peaking at around US$3 trillion, with many of the top coins offering four-digit and even five-digit percentage returns. The value of Bitcoin peaked at almost US$65,000 in mid-April 2021 before falling to US$30,000 by June 2021. Today, over 20,000 different cryptocurrencies exist, with some having little to no following while others enjoy immense popularity, like Bitcoin and Ethereum. The tide turned however as the year came to an end as many economies grappled with numerous macroeconomic headwinds. Financial markets were negatively impacted by these headwinds with both stocks and fixed-income assets struggling. Cryptocurrency would not be spared, leading crypto assets like Bitcoin and Ethereum down as much as 50% in the first half of 2022. Market experts speculate that cryptocurrency may fall even lower by year-end 2022 given the uncertainty that has recently plagued the industry following the collapse of one of the largest cryptocurrency exchanges.

The Fall of FTX Prior to November 2022, FTX was recognized as one of the largest cryptocurrency exchanges in the world, gaining immense popularity during its short existence. The exchange was founded in 2019 with Sam Bankman-Fried co-founding and being the largest stakeholder in the company from inception. Mr Bankman-Fried also co-founded Alameda Research 2017, a quantitative cryptocurrency trading firm.
FTX enjoyed a meteoric rise, peaking in 2021 as the company’s valuation reached US$32 billion. The exchange also issued its own cryptocurrency token called FTT. At its peak in 2021, the exchange had over 1 million users and was the third largest crypto exchange by volume with its token FTT reaching a market cap of $9.39 billion. In 2022, as crypto assets struggled, the FTX exchange stood as one of the brighter lights in the sector. As other cryptocurrency exchanges were challenged on many fronts including bankruptcy earlier in the year, the majority owner of FTX came to the rescue offering financial support to several companies including Robinhood and Voyager. Sam Bankman-Fried would soon gain the nickname “Crypto’s White Knight”. FTX's downfall began when CoinDesk, a news site specializing in bitcoin and digital currencies, released a statement on November 2 2022 revealing that Alameda Research Trading firm was heavily invested in FTT, FTX’s own cryptocurrency, which represented around 40% of the trading firm’s asset holdings. This news put Sam in the spotlight and sparked widespread selloffs in digital assets. The story exposed the depth and complexity of the relationship between FTX and Alameda Research, including that FTX was lending significant quantities of its own token FTT to the trading firm to build up the cash levels. Although the company attempted damage control through public reassurances to its customers, it failed to prevent customers from withdrawing their funds. Four days later on November 6 2022, Binance, the world’s largest crypto exchange announced their decision to sell their entire holdings of the FTT tokens worth approximately US$529 million. Binance’s decision to liquidate its position in FTT was based on a risk management strategy following the collapse of the Terra (LUNA) crypto token earlier in 2022. Subsequent to this announcement, withdrawal requests began to rise rapidly and two days later, FTX was faced with a liquidity crisis and stopped paying back customers. While a bail-out was initially offered by Binance, it was rescinded after the necessary due diligence. As a result, eight days after the story broke, on November 11 2022 the company, FTX filed for bankruptcy.

Crypto 24h trading volume declined as 2023 progressed, with figures being ********* lower than in 2022. The decline follows 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 October 1, 2025, the 24h trading volume stands at ******.

Crypto Exchange Hot Wallet Insurance Market Outlook

According to our latest research, the global crypto exchange hot wallet insurance market size in 2024 stands at USD 1.24 billion, with a robust CAGR of 26.7% expected over the forecast period from 2025 to 2033. By the end of 2033, the market is projected to reach approximately USD 10.97 billion. This remarkable growth is primarily driven by the increasing frequency and sophistication of cyberattacks targeting cryptocurrency exchanges, resulting in heightened demand for comprehensive insurance coverage for hot wallets. The ongoing digital transformation within the financial sector, coupled with the growing adoption of cryptocurrencies among institutional and retail investors, is significantly accelerating the expansion of the crypto exchange hot wallet insurance market worldwide.

The primary growth factor for the crypto exchange hot wallet insurance market is the escalating threat landscape faced by digital asset platforms. As the value and transaction volume of cryptocurrencies surge, exchanges have become lucrative targets for hackers, with hot wallets—being online and frequently accessed—particularly vulnerable. The high-profile breaches and thefts in recent years have underscored the critical need for insurance solutions that can mitigate financial losses and restore investor confidence. Furthermore, regulatory bodies across major markets are increasingly mandating or recommending insurance coverage as part of risk management frameworks for crypto exchanges, further propelling market growth. The convergence of these factors is driving both established and emerging insurers to innovate and expand their offerings in this space.

In addition to cyber threats, the evolving regulatory environment is playing a pivotal role in shaping the crypto exchange hot wallet insurance market. Governments and financial authorities in North America, Europe, and Asia Pacific are actively working to establish clearer guidelines and compliance standards for digital asset custodians and exchanges. These regulatory efforts are not only fostering a more secure trading ecosystem but also creating new opportunities for insurers to develop tailored policies for theft, cyberattack, and fraud protection. As exchanges seek to comply with these evolving requirements, insurance is increasingly viewed as a strategic necessity, rather than a discretionary expense, driving sustained demand across the globe.

Another significant driver is the rising institutionalization of the cryptocurrency market. Institutional investors, custodians, and large-scale asset managers are entering the digital asset space with greater frequency, bringing with them stringent risk management expectations. These entities require robust insurance coverage to safeguard client assets and fulfill fiduciary responsibilities. The entry of institutional players has placed pressure on exchanges to demonstrate higher security and operational standards, including comprehensive insurance for hot wallets. This trend is encouraging both traditional insurers and insurtech firms to innovate, partner, and scale up their crypto-specific insurance offerings, further fueling market expansion.

Regionally, North America currently leads the crypto exchange hot wallet insurance market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The dominance of North America can be attributed to the presence of major cryptocurrency exchanges, advanced cybersecurity infrastructure, and a proactive regulatory landscape that supports digital asset innovation while emphasizing investor protection. Europe is rapidly catching up, driven by the implementation of the Markets in Crypto-Assets (MiCA) regulation and a growing ecosystem of digital asset service providers. Asia Pacific, with its burgeoning crypto adoption and technological advancements, is poised for the fastest growth, particularly in countries like Singapore, Japan, and South Korea. Latin America and the Middle East & Africa are also witnessing increased activity, albeit from a smaller base, as local exchanges and investors seek to mitigate risks associated with hot wallet storage.

Coverage Type Analysis

The coverage type segment of the crypto exchange hot wallet insurance market is categorized into theft protection, cyber attack protection, fraud protection, and others. Among these, theft protection remains the most sought-after coverage, given the persistent threat of unauthorized access

Institutional Crypto Trading Platform Market Outlook

Based on our latest research, the global institutional crypto trading platform market size reached USD 11.2 billion in 2024. The market is witnessing robust expansion, driven by surging institutional adoption and regulatory clarity, and is projected to achieve a value of USD 42.8 billion by 2033, reflecting a remarkable CAGR of 16.1% during the forecast period of 2025 to 2033. This steep growth trajectory is underpinned by the increasing entry of financial institutions, enhanced security protocols, and the proliferation of innovative trading products that cater to institutional needs.

The growth of the institutional crypto trading platform market is fundamentally propelled by the rising participation of traditional financial entities such as banks, hedge funds, and asset management firms in the cryptocurrency ecosystem. As digital assets gain legitimacy and regulatory frameworks become more defined, institutional investors are increasingly seeking exposure to cryptocurrencies as part of diversified portfolios. This trend is further bolstered by the introduction of regulated crypto products, such as exchange-traded funds (ETFs) and futures contracts, which facilitate safer and more compliant access for large-scale investors. Furthermore, the integration of advanced trading technologies, including algorithmic trading, real-time risk management, and high-frequency trading tools, is making these platforms more attractive to institutions seeking efficiency and scalability.

Another critical growth factor is the rapid evolution of trading infrastructure and security solutions tailored specifically for institutional requirements. Unlike retail platforms, institutional crypto trading platforms emphasize robust security measures, such as multi-signature wallets, cold storage, and real-time monitoring, to mitigate risks associated with large-volume transactions. Enhanced liquidity, deep order books, and reliable execution are also key differentiators that are drawing institutions to these platforms. Additionally, the emergence of hybrid trading models that combine spot, derivatives, and OTC trading under a single interface is creating a seamless experience for institutional participants, further accelerating market growth.

Regulatory advancements are playing a pivotal role in shaping the institutional crypto trading landscape. Governments and regulatory bodies across major markets are working towards establishing clear guidelines for crypto trading, custody, and anti-money laundering (AML) compliance. These efforts are instilling greater confidence among institutional investors, who require transparent and compliant trading environments. Moreover, the advent of digital asset custody solutions backed by established financial institutions is reducing counterparty risk and enabling larger capital inflows. As a result, the institutional crypto trading platform market is experiencing heightened activity, with increasing volumes and a growing number of participants.

The role of a Crypto OTC Trading Desk is becoming increasingly pivotal in the institutional crypto trading landscape. These desks cater to the needs of large-volume traders who require discretion and efficiency in executing significant trades without causing market disruptions. By providing personalized trading services and bespoke liquidity solutions, OTC desks enable institutions to manage large transactions with minimal slippage and optimal pricing. This service is particularly valuable for family offices and asset managers who seek to execute block trades that might otherwise impact market prices if conducted on public exchanges. As the demand for tailored trading solutions grows, the presence of robust OTC trading desks is expected to further enhance the attractiveness of institutional crypto trading platforms.

From a regional perspective, North America continues to dominate the institutional crypto trading platform market, accounting for over 38% of the global market share in 2024. This leadership is attributed to the presence of leading crypto exchanges, advanced technological infrastructure, and a proactive regulatory environment. Europe follows closely, driven by progressive regulations and the entry of traditional financial institutions into the digital asset space. Meanwhile, Asia

In 2022, Bitkub had the highest trading volume among exchanges licensed in Thailand, with almost ** billion U.S. dollars. Other Thai centralized cryptocurrency exchanges include Zipmex, Bitazza, and Satang Pro. Thai laws allow registered crypto exchanges to trade or exchange digital assets in Thai baht or other cryptocurrencies listed by the SEC Office.

Description A dataset containing the closing prices for the last day. Data source: https://coinmetrics.io.

Summary

The Data is pulled from here: https://coinmetrics.io/data-downloads/

Data sources and methodology For UTXO coins daily on-chain transaction volume is calculated as the sum of all transaction outputs belonging to the blocks mined on the given day. Known “change” outputs are not included. Estimation difficulties remain and the measure is imprecise. We discuss this here. Methodology behind adjusted transaction volume figures is described in this post. XRP transaction volume includes only transfers of XRP tokens.

Transaction count figure doesn’t include coinbase and coinstake transactions.

Active addresses is the number of unique sending and receiving addresses participating in transactions on the given day. For Monero, we report an upper bound for this metric (calculated as sum of input and output count), as the precise value is unknowable due to stealth addresses technology.

Payment count for UTXO coins is defined as sum of outputs’ count minus one for each transaction. We assume that transaction with N outputs pays to N – 1 addresses and the last N-th output is change. Transactions with only one output do not contribute to payment count, as they are likely to be a self-churn. Payment count for smart contract assets such as ETH or LSK is calculated as the amount of transfer transactions (i.e. contract creation, invocation, destruction transactions are not included). Payment count for Ripple is the amount of XRP token transfers.

NEO and GAS transaction count figures reflect the amount of transactions that have at least one output of given asset type. If transaction sends both NEO and GAS, it will be included in transaction count for both assets. Fees figure is denominated in GAS and calculated by summing the fees of all transactions that have at least one output of a given asset type.

Ripple data includes only transactions of Payment type that transfer XRP tokens.

Stellar transaction volume data covers only operations of Payment and CreateAccount types that transfer XLM tokens. Transaction count is the number of transactions that include at least one operation of aforementioned types. Lumens inflation data is currently unavailable.

XEM data includes only transactions of “Transfer” type.

Zcash figures for on-chain volume and transaction count reflect data collected for transparent transactions only. In the last month, 9.1% (14/06/18) of ZEC transactions were shielded, and these are excluded from the analysis due to their private nature. Thus transaction volume figures in reality are higher than the estimate presented here, and NVT and exchange to transaction value lower. Data on shielded and transparent transactions can be found here and here.

Monero transaction volume is impossible to calculate due to RingCT which hides transaction amounts.

EOS and TRX transaction volume figures include only transactions of transfer type. Median transaction value for EOS and TRX is actually median transfer value.

WAVES transaction volume figure includes only transactions of transfer and mass transfer types. Median transaction value for WAVES is actually median value of WAVES token transfer.

Price data All coins: coinmarketcap.com

On-chain data BTC, BCH, LTC, DCR, DASH, ZEC, DOGE, PIVX, XVG, VTC, DGB, BTG, USDT, MAID: data collected from blockchains and aggregated by CM Python tools ETH and ERC20 tokens, ETC, XMR, XEM, ADA, LSK, NEO, GAS: data collected from blockchains by CM Haskell tools and aggregated by companion analytics scripts XRP: data collected from data.ripple.com by CM Haskell tools and aggregated by companion analytics scripts XLM: data collected from history.stellar.org by CM Haskell tools and aggregated by companion analytics scripts

The dataset is derieved from publicly available cryptocurrencies' market data, recieved directly from the binance api, the largest crypto currency exchange in the world.

Below is the description of our 48 variables in the dataset:

• symbol: Cryptocurrency pair symbol (e.g., BTC/USDT).
• last_price: Last recorded price of the cryptocurrency.
• last_volumefrom: Volume of the base asset traded in the last hour.
• last_volumeto: Volume of the quote asset traded in the last hour.
• last_return: Return on investment in the last hour.
• caps: Market capitalization of the cryptocurrency.
• return3h: Return over the last 3 hours.
• return12h: Return over the last 12 hours.
• return24h: Return over the last 24 hours.
• return36h: Return over the last 36 hours.
• return48h: Return over the last 48 hours.
• return60h: Return over the last 60 hours.
• return72h: Return over the last 72 hours.
• returnvola3h: Volatility of return over 3 hours.
• returnvola12h: Volatility of return over 12 hours.
• returnvola24h: Volatility of return over 24 hours.
• returnvola36h: Volatility of return over 36 hours.
• returnvola48h: Volatility of return over 48 hours.
• returnvola60h: Volatility of return over 60 hours.
• returnvola72h: Volatility of return over 72 hours.
• volumefrom3h: Volume of base asset in last 3 hours.
• volumefrom12h: Volume of base asset in last 12 hours.
• volumefrom24h: Volume of base asset in last 24 hours.
• volumefrom36h: Volume of base asset in last 36 hours.
• volumefrom48h: Volume of base asset in last 48 hours.
• volumefrom60h: Volume of base asset in last 60 hours.
• volumefrom72h: Volume of base asset in last 72 hours.
• volumefromvola3h: Volatility of base asset volume over 3 hours.
• volumefromvola12h: Volatility of base asset volume over 12 hours.
• volumefromvola24h: Volatility of base asset volume over 24 hours.
• volumefromvola36h: Volatility of base asset volume over 36 hours.
• volumefromvola48h: Volatility of base asset volume over 48 hours.
• volumefromvola60h: Volatility of base asset volume over 60 hours.
• volumefromvola72h: Volatility of base asset volume over 72 hours.
• volumeto3h: Volume of quote asset in last 3 hours.
• volumeto12h: Volume of quote asset in last 12 hours.
• volumeto24h: Volume of quote asset in last 24 hours.
• volumeto36h: Volume of quote asset in last 36 hours.
• volumeto48h: Volume of quote asset in last 48 hours.
• volumeto60h: Volume of quote asset in last 60 hours.
• volumeto72h: Volume of quote asset in last 72 hours.
• volumetovola3h: Volatility of quote asset volume over 3 hours.
• volumetovola12h: Volatility of quote asset volume over 12 hours.
• volumetovola24h: Volatility of quote asset volume over 24 hours.
• volumetovola36h: Volatility of quote asset volume over 36 hours.
• volumetovola48h: Volatility of quote asset volume over 48 hours.
• volumetovola60h: Volatility of quote asset volume over 60 hours.
• volumetovola72h: Volatility of quote asset volume over 72 hours.
• Surge: Indicates if there is a surge in trading activity by checking if this high was more than 2 percent of the previous close price.

Crypto Surveillance Platform Market Outlook

According to our latest research, the global Crypto Surveillance Platform market size reached USD 1.37 billion in 2024, driven by increasing regulatory scrutiny and the exponential growth of digital asset transactions worldwide. The market is projected to expand at a robust CAGR of 14.6% from 2025 to 2033, reaching an estimated USD 4.98 billion by 2033. This significant growth trajectory is underpinned by the rising need for advanced transaction monitoring, compliance management, and fraud detection solutions as the crypto ecosystem matures and integrates further with traditional financial systems.

One of the primary growth factors for the Crypto Surveillance Platform market is the escalating regulatory pressure imposed by governments and financial authorities globally. As the adoption of cryptocurrencies accelerates, so does the risk of illicit activities such as money laundering, terrorist financing, and fraud. Regulatory bodies in North America, Europe, and Asia Pacific are mandating stricter compliance requirements, compelling crypto exchanges, financial institutions, and enterprises to adopt robust surveillance platforms. These platforms are essential for real-time monitoring, risk assessment, and reporting, ensuring that organizations remain compliant with evolving anti-money laundering (AML) and know-your-customer (KYC) regulations. The dynamic regulatory landscape is fostering continuous innovation in surveillance technologies, further fueling market growth.

Another significant driver is the proliferation of cryptocurrency exchanges and the increasing volume and complexity of digital asset transactions. As the number of users and transaction volumes surge, the risk of fraud, hacking, and market manipulation also rises. Crypto Surveillance Platforms are becoming indispensable for exchanges and enterprises to detect suspicious activities, prevent unauthorized transactions, and safeguard customer assets. The integration of advanced analytics, artificial intelligence, and machine learning into these platforms enables proactive threat detection and enhances the accuracy of risk assessment. This technological evolution is not only improving operational efficiency but also strengthening trust in the broader crypto ecosystem, thereby attracting more institutional and retail participants.

Additionally, the diversification of crypto assets and the emergence of decentralized finance (DeFi) platforms are creating new challenges and opportunities for crypto surveillance. The expanding landscape of tokens, smart contracts, and cross-chain transactions necessitates sophisticated monitoring tools capable of providing comprehensive oversight across multiple blockchains. Vendors are responding by developing customizable and interoperable solutions that cater to diverse end-user requirements, from cryptocurrency exchanges to government agencies. The growing demand for holistic surveillance capabilities is expected to drive further investment and innovation in the market, positioning Crypto Surveillance Platforms as a critical enabler of secure and compliant digital asset ecosystems.

From a regional perspective, North America currently dominates the Crypto Surveillance Platform market, accounting for the largest revenue share in 2024, followed by Europe and Asia Pacific. The United States, in particular, is at the forefront due to its advanced regulatory environment, high concentration of crypto businesses, and proactive law enforcement agencies. Europe is witnessing rapid growth, fueled by the implementation of the Markets in Crypto-Assets (MiCA) regulation and increased institutional participation. Meanwhile, Asia Pacific is emerging as a high-growth region, driven by the expansion of crypto markets in countries like Singapore, Japan, and South Korea. Latin America and the Middle East & Africa are also showing promising potential, albeit from a smaller base, as digital currency adoption gains momentum and regulatory clarity improves. This regional diversification is expected to further accelerate global market expansion over the forecast period.

Cryptocurrency Forensics has emerged as a crucial component in the realm of digital asset security, playing a pivotal role in tracking and analyzing blockchain transactions. As the crypto market expands, the need for sophisticat

In June 2023, Tokocrypto held the largest market share among cryptocurrency exchanges in Indonesia, based on trading volume, with around **** percent. Indodax followed closely behind with a ** percent market share.

If you find this dataset helpful, please UPVOTE it to show your support! 👍

Context

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges. Initially launched as an ERC-20 token, BNB has since migrated to its own blockchain, Binance Chain, and is the fundamental token powering the Binance Smart Chain (BSC). Its primary use cases include paying for transaction fees on the Binance exchange, participating in token sales, and facilitating payments for various services.

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Key Metrics (Based on Available Data)

• All-Time High: ~$686.31
• 52-Week Range: ~$244.40 - $686.31
• Blockchain: Binance Smart Chain (BSC)
• Primary Use Case: Utility token for transaction fee discounts, payments, and powering the dApp ecosystem on BSC.

Acknowledgments

This data was compiled from public financial market sources.

Use the CMC_CG_Combo dataset, unless you want to recollect and DIY!

Context

On a quest to compare different cryptoexchanges, I came up with the idea to compare metrics across multiple platforms (at the moment just two). CoinGecko and CoinMarketCap are two of the biggest websites for monitoring both exchanges and cryptoprojects. In response to over-inflated volumes faked by crypto exchanges, both websites came up with independent metrics for assessing the worth of a given exchange.

Content

Collected on May 10, 2020

CoinGecko's data is a bit more holistic, containing metrics across a multitude of areas (you can read more in the original blog post here. The data from CoinGecko consists of the following:

-Exchange Name -Trust Score (on a scale of N/A-10) -Type (centralized/decentralized) -AML (risk: How well prepared are they to handle financial crime?) -API Coverage (Blanket Measure that includes: (1) Tickers Data (2) Historical Trades Data (3) Order Book Data (4) Candlestick/OHLC (5) WebSocket API (6) API Trading (7) Public Documentation -API Last Updated (When was the API last updated?) -Bid Ask Spread (Average buy/sell spread across all pairs) -Candlestick (Available/Not) -Combined Orderbook Percentile (See above link) -Estimated_Reserves (estimated holdings of major crypto) -Grade_Score (Overall API score) -Historical Data (available/not) -Jurisdiction Risk (risk: risk of Terrorist activity/bribery/corruption?) -KYC Procedures (risk: Know Your Customer?) -License and Authorization (risk: has exchange sought regulatory approval?) -Liquidity (don't confuse with "CMC Liquidity". THIS column is a combo of (1) Web traffic & Reported Volume (2) Order book spread (3) Trading Activity (4) Trust Score on Trading Pairs -Negative News (risk: any bad news?) -Normalized Trading Volume (Trading Volume normalized to web traffic) -Normalized Volume Percentile (see above blog link) -Orderbook (available/not) -Public Documentation (got well documented API available to everyone?) -Regulatory Compliance (risk rating from compliance perspective) -Regulatory last updated (last time regulatory metrics were updated) -Reported Trading Volume (volume as listed by the exchange) -Reported Normalized Trading Volume (Ratio of normalized to reported volume [0-1]) -Sanctions (risk: risk of sanctions?) -Scale (based on: (1) Normalized Trading Volume Percentile (2) Normalized Order Book Depth Percentile -Senior Public Figure (risk: does exchange have transparent public relations? etc) -Tickers (tick tick tick...) -Trading via API (can data be traded through the API?) -Websocket (got websockets?)

-Green Pairs (Percentage of trading pairs deemed to have good liquidity) -Yellow Pairs (Percentage of trading pairs deemed to have fair liquidity -Red Pairs (Percentage of trading pairs deemed to have poor liquidity) -Unknown Pairs (percentage of trading pairs that do not have sufficient order book data)

~

Again, CoinMarketCap only has one metric (that was recently updated and scales from 1-1000, 1000 being very liquid and 1 not. You can go check the article out for yourself. In the dataset, this is the "CMC Liquidity" column, not to be confused with the "Liquidity" column, which refers to the CoinGecko Metric!

Acknowledgements

Thanks to coingecko and cmc for making their data scrapable :)

[CMC, you should try to give us a little more access to the figures that define your metric. Thanks!]

Inspiration

Your data will be in front of the world's largest data science community. What questions do you want to see answered?

Crypto Exchange Insurance Market Outlook

According to our latest research, the global Crypto Exchange Insurance market size reached USD 1.85 billion in 2024, reflecting robust momentum amid the digital asset sectorÂ’s rapid maturation. The market is projected to expand at a CAGR of 22.6% from 2025 to 2033, reaching a forecasted market size of USD 13.5 billion by 2033. This remarkable growth is primarily fueled by escalating cyber threats, regulatory pressures, and the increasing institutionalization of cryptocurrency trading platforms, which have driven demand for comprehensive risk mitigation solutions.

One of the primary growth factors for the Crypto Exchange Insurance market is the surge in high-profile cyberattacks and theft incidents targeting cryptocurrency exchanges. As digital assets gain mainstream acceptance, exchanges have become lucrative targets for hackers, resulting in significant financial losses and eroded user trust. The need for robust insurance coverage against theft, hacking, and cyber liability has become paramount, prompting exchanges to seek specialized policies that protect both their operational integrity and their usersÂ’ assets. Furthermore, the evolution of sophisticated attack vectors and the increasing complexity of exchange infrastructures have compelled insurers to develop innovative, custom-tailored products, thereby expanding the overall market.

Another pivotal driver is the tightening global regulatory landscape surrounding digital asset platforms. Regulatory bodies across North America, Europe, and Asia Pacific are introducing stringent compliance requirements for cryptocurrency exchanges, including mandatory insurance coverage for digital asset custody and transaction operations. This regulatory push not only safeguards investors but also enhances the credibility and stability of the entire crypto ecosystem. As a result, exchanges are proactively partnering with both traditional insurers and emerging insurtech firms to secure policies that meet evolving legal standards, further propelling market growth. The interplay between regulatory compliance and risk management has positioned insurance as an indispensable pillar of the crypto exchange business model.

The increasing entry of institutional investors into the crypto space has also catalyzed the expansion of the Crypto Exchange Insurance market. Institutional players, including hedge funds, asset managers, and publicly traded companies, demand a higher level of risk assurance before engaging with digital asset platforms. Their participation has prompted exchanges to prioritize insurance coverage as a competitive differentiator and a prerequisite for onboarding large-scale clients. This institutionalization is driving both the volume and sophistication of insurance products, as insurers are required to address complex risk scenarios, such as business interruption, fraud, and regulatory breaches. Consequently, the market is experiencing a shift towards more comprehensive, multi-faceted insurance solutions tailored to the evolving needs of both institutional and retail clients.

In the evolving landscape of digital asset insurance, the concept of Connected Insurance Data Exchange is emerging as a transformative force. This innovative approach facilitates seamless data sharing between insurers, exchanges, and regulatory bodies, enhancing transparency and efficiency in policy management. By leveraging advanced data analytics and blockchain technology, connected insurance platforms can provide real-time insights into risk exposure, enabling insurers to tailor their offerings more precisely to the needs of crypto exchanges. This interconnected framework not only streamlines the underwriting process but also fosters greater trust and collaboration among stakeholders, paving the way for more robust and resilient insurance solutions in the crypto industry.

Regionally, North America continues to dominate the Crypto Exchange Insurance market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. North AmericaÂ’s leadership is underpinned by the presence of major crypto exchanges, advanced regulatory frameworks, and a mature insurance ecosystem. Europe has witnessed accelerated growth due to proactive regulatory initiatives and the proliferation of crypto startups, while Asia PacificÂ’s mark

This dataset include some onchain indicator information at daily basis for Bitcoin. This informations:

• exchange onchain market depth
• inflow transaction count
• inflow volume
• netflows
• open interest to market cap ratio
• outflow transaction count
• outflow volume
• telegram sentiment
• total flows
• trades per side
• twitter sentiment

Inflow Volume

IntoTheBlock has built a proprietary machine learning powered classifier to identify addresses of top centralized exchanges, including their deposit addresses, withdrawal addresses, hot wallets and cold wallets. With this classifier, IntoTheBlock can measure the total amount of a given crypto-asset flowing into exchanges and measures this in dollar and crypto terms. The result is the Inflow Volume indicator.

Outlow Volume

While Inflow Volume at times anticipate volatility, Outflow Volume is often more reactive. In other words, Outflow Volume often spikes following either a crash or a significant break-out as shown in the example above. This could potentially be interpreted as users going long and opting to hold their crypto outside centralized exchanges.

Total Flows IntoTheBlock uses machine learning algorithms to identify centralized exchanges’ deposit and withdrawal addresses. Through this process, IntoTheBlock measures the total activity flowing in and out of centralized exchanges. The result is the Total Flows indicator which is measured the following way

Total Flows = Inflow Volume + Outlow Volume

Net Flows

The Net Flows indicator highlights trends of traders sending money in and out of exchanges. Recall that Net Flows are positive when more funds are entering than leaving exchanges. Therefore, we observe that positive Net Flows tend to coincide with periods following large increases in price (like LINK when it tripled between April and July) or confirmation of down-trends (as seen with LINK in late August).

Conversely, Net Flows are negative when a greater volume is being withdrawn from exchanges. This could be seen as a sign of accumulation (LINK in early August) or addresses buying back following large declines (LINK in early September).

While Net Flows also affect large cap crypto-assets, smaller cap tokens are more susceptible to large changes in prices deriving from exchange flows. This is simply a result of smaller caps requiring less capital in order to make market-moving trades. This is worth considering when using the Net Flows indicator to trade.

Net Flows = Inflow Volume - Outflow Volume

Outflow Transaction Count

The Outflow Transaction Count indicator provides indication of users withdrawing their funds from centralized exchanges likely to store in safer cold wallets. This is a valuable approximation of users going long and opting to hold their own funds. For this reason, outflows tend to spike as price crashes as pointed in the example above. While this can be the case on several occasions, natural fluctuations in exchanges’ flows can often have smaller spikes without regards to price action as well.

Inflow Transaction Count

As the name suggests, the Inflow Transaction Count indicator provides the number of incoming crypto transactions entering exchanges. While the Inflow Volume measures the aggregate dollar amount, which is influenced by whales’ transactions, the Inflow Transaction Count is a better approximation of the number of users sending funds into exchanges.

This indicator has also shown to rise along and anticipate periods of high volatility. For example, on September 1st, inflow transactions for Bitcoin hit a 3-month high preceding a decrease in price of 14% over the following 48 hours. While this pattern does tend to emerge, natural fluctuations in inflow transactions can also increase at times.

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Cryptocurrency Market Size 2025-2029

The cryptocurrency market size is valued to increase USD 39.75 billion, at a CAGR of 16.7% from 2024 to 2029. Rising investment in digital assets will drive the cryptocurrency market.

Major Market Trends & Insights

North America dominated the market and accounted for a 48% growth during the forecast period.
By Type - Bitcoin segment was valued at USD 7.57 billion in 2023
By Component - Hardware segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 313.81 billion
Market Future Opportunities: USD 39749.40 billion
CAGR from 2024 to 2029 : 16.7%

Market Summary

The market represents a dynamic and rapidly evolving ecosystem, driven by core technologies such as blockchain and decentralized finance (DeFi), which have fueled the creation and adoption of various applications and service types. Notably, digital assets have gained increasing acceptance in the retail sector, with major companies like Microsoft, Starbucks, and Tesla integrating cryptocurrencies into their payment systems. However, the market is not without challenges, including the volatility of cryptocurrency values, which can impact investor confidence and regulatory uncertainty. According to Statista, the number of cryptocurrency users worldwide is projected to reach 223 million by 2022, underscoring the growing importance of this market.
Rising investment in digital assets and the potential for new use cases continue to present significant opportunities for innovation and growth.

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

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How is the Cryptocurrency Market 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.

Type

  Bitcoin
  Ethereum
  Others
  Ripple
  Bitcoin Cash
  Cardano


Component

  Hardware
  Software


Process

  Mining
  Transaction
  Mining
  Transaction


End-Use

  Trading
  E-commerce and Retail
  Peer-to-Peer Payment
  Remittance


Geography

  North America

    US
    Canada


  Europe

    Germany
    Italy
    Switzerland
    The Netherlands
    UK


  APAC

    China
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

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

Bitcoin, the world's largest cryptocurrency with a market capitalization of over USD470 billion, is a decentralized digital currency that operates on a peer-to-peer (P2P) network, bypassing the need for central authorities. Bitcoin's popularity is driven by its use of blockchain technology, which ensures secure, transparent, and immutable transactions through digital signatures and cryptographic hashing. The Bitcoin network faces scalability challenges, requiring ongoing improvements to transaction throughput and mining difficulty to maintain network security. KYC procedures and AML regulations are crucial for regulatory compliance, with exchange protocols implementing strict identity verification processes. Bitcoin's value is influenced by cryptocurrency volatility, with mining pools and consensus mechanisms like Proof of Work and Proof of Stake contributing to the creation and distribution of new coins.

Wallet security is paramount, with hardware wallets and cold storage providing enhanced security compared to software wallets. Decentralized exchanges and smart contracts, enabled by the Ethereum blockchain and public key cryptography, offer privacy protocols and zero-knowledge proofs to ensure secure transactions. The market is continually evolving, with ongoing activities and patterns shaping the landscape. Approximately 8% of Americans engage in cryptocurrency trading, with stablecoins like Tether, USD Coin, Binance USD, and DAI playing a significant role in the market. Despite its volatility, Bitcoin's impact on finance and technology is undeniable.

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The Bitcoin segment was valued at USD 7.57 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 48% 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 period.

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The market in North America is experiencing significant growth, driven by the presence of numerous market participants and innovative technological advancements in the region. The burgeoning demand for digital

Crypto Exchange Hot Wallet Insurance Market Outlook

According to our latest research, the global crypto exchange hot wallet insurance market size reached USD 1.4 billion in 2024, with a robust compound annual growth rate (CAGR) of 26.7% projected through the forecast period. Driven by the exponential rise in digital asset adoption and the increasing sophistication of cyber threats, the market is expected to reach USD 12.1 billion by 2033. This remarkable growth trajectory is primarily attributed to the heightened demand for security solutions among crypto exchanges and institutional investors seeking to mitigate risks associated with hot wallet storage.

The primary growth driver for the crypto exchange hot wallet insurance market is the rapid expansion of the global cryptocurrency ecosystem. As digital assets continue to gain mainstream acceptance, trading volumes on crypto exchanges have surged, leading to higher values being stored in hot wallets for liquidity and operational purposes. This concentration of assets has made hot wallets a prime target for cybercriminals, prompting exchanges and custodians to seek comprehensive insurance coverage. The increasing number of high-profile breaches and thefts has further underscored the necessity for robust insurance solutions, pushing both traditional insurers and crypto-native firms to innovate in policy design and risk assessment.

Another significant growth factor is the evolving regulatory landscape surrounding cryptocurrency exchanges and digital asset custody. Regulatory bodies in key markets such as North America, Europe, and parts of Asia Pacific are introducing stringent requirements for risk management and consumer protection. Many jurisdictions now mandate that exchanges maintain insurance coverage for customer assets, particularly those stored in hot wallets, as a condition for licensing or continued operation. This regulatory push is compelling exchanges, custodians, and institutional investors to prioritize insurance procurement, thereby fueling market expansion. Furthermore, the entry of established insurance companies and insurtech startups into the crypto sector is enhancing the availability and sophistication of insurance products, driving broader adoption.

Technological advancements in risk assessment, blockchain analytics, and cybersecurity are also playing a pivotal role in the growth of the crypto exchange hot wallet insurance market. The integration of artificial intelligence, machine learning, and real-time monitoring tools is enabling insurers to more accurately evaluate the risk profiles of exchanges and their wallet infrastructures. This has led to the development of tailored policies that address specific threats such as theft, cyberattacks, and internal fraud. Additionally, the rise of parametric insurance models and smart contract-based coverage is streamlining claims processes and increasing transparency. Collectively, these innovations are building trust among market participants and accelerating the adoption of insurance solutions across the digital asset ecosystem.

From a regional perspective, North America currently dominates the crypto exchange hot wallet insurance market, accounting for the largest share of global premiums in 2024. This leadership position is driven by the concentration of major crypto exchanges, institutional investors, and a mature insurance sector with a strong appetite for innovation. Europe follows closely, benefiting from progressive regulatory frameworks and a rapidly growing fintech industry. Meanwhile, the Asia Pacific region is emerging as a high-growth market, fueled by increasing crypto adoption and regulatory clarity in countries like Singapore, Japan, and South Korea. Latin America and the Middle East & Africa are also witnessing steady growth, albeit from a smaller base, as exchanges in these regions seek to bolster customer confidence and comply with evolving regulations.

Vault Insurance is becoming an increasingly important aspect of the crypto exchange hot wallet insurance market. As exchanges and custodians strive to secure their digital assets, the concept of vault insurance offers an additional layer of protection. This type of insurance is designed to cover assets stored in both hot and cold wallets, ensuring comprehensive coverage against a wide range of risks. Vault Insura