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.

This dataset about TOP-20 Crypto exchanges by reported volume is extracted from Flourish visualisation. If you want to know more about Flourish click here.

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

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 ******.

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.

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.

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.

Cryptocurrency Exchange Market Outlook

According to our latest research, the global cryptocurrency exchange market size reached USD 54.6 billion in 2024, reflecting robust growth driven by increased digital asset adoption and institutional participation. The market is projected to expand at a compelling CAGR of 15.8% from 2025 to 2033, reaching an estimated USD 206.2 billion by 2033. This impressive trajectory is fueled by growing public awareness, regulatory advancements, and the proliferation of new trading products and services across the digital asset ecosystem. As per the most recent analysis, the cryptocurrency exchange market continues to witness significant momentum, underpinned by the integration of advanced technologies and greater acceptance among both retail and institutional participants.

One of the primary growth factors for the cryptocurrency exchange market is the increasing mainstream acceptance of digital assets as legitimate investment vehicles. The proliferation of educational content, media coverage, and high-profile endorsements has significantly improved public perception of cryptocurrencies, leading to a surge in new user registrations and trading volumes on both centralized and decentralized exchange platforms. In addition, the entry of traditional financial institutions and fintech companies into the crypto space has further legitimized the industry, attracting a broader demographic of investors. The expansion of payment gateways and fiat-to-crypto onramps has also simplified the process for first-time users, reducing barriers to entry and fostering greater participation in the market.

Technological innovation is another pivotal driver shaping the growth trajectory of the cryptocurrency exchange market. The integration of artificial intelligence, machine learning, and blockchain-based security protocols has enhanced the reliability, transparency, and efficiency of trading platforms. These advancements have enabled exchanges to offer sophisticated trading tools, real-time analytics, and automated trading strategies, catering to both novice and professional traders. Furthermore, the rise of decentralized finance (DeFi) protocols and non-custodial wallets has introduced new paradigms in asset management and trading, empowering users with greater control over their funds. As a result, exchanges that adapt quickly to technological trends are better positioned to capture market share and meet evolving consumer demands.

Regulatory developments have also played a crucial role in shaping the cryptocurrency exchange market. Governments and regulatory bodies across major economies are increasingly introducing frameworks to govern digital asset trading, aiming to enhance investor protection and curb illicit activities. Clearer regulatory guidelines have encouraged institutional investors to enter the market, contributing to higher trading volumes and increased liquidity. At the same time, compliance requirements have prompted exchanges to invest in robust Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions, fostering a more secure and transparent trading environment. While regulatory uncertainty remains a concern in some regions, the overall trend towards more defined policies is expected to support the long-term growth of the market.

Regionally, the cryptocurrency exchange market demonstrates diverse growth dynamics, with Asia Pacific, North America, and Europe emerging as the most significant contributors. The Asia Pacific region, led by countries such as Singapore, South Korea, and Japan, is witnessing rapid adoption due to favorable regulatory environments and a tech-savvy population. North America, particularly the United States and Canada, remains a hub for institutional investment and innovation, while Europe continues to advance with progressive regulatory frameworks and a growing number of licensed exchanges. Latin America and the Middle East & Africa are also experiencing increased activity, driven by economic instability, remittance needs, and growing digital literacy. The interplay of these regional factors is expected to shape the global landscape of the cryptocurrency exchange market throughout the forecast period.

Platform Type Analysis

The platform type segment of the cryptocurrency exchange market encompasses centralized exchanges (CEX), decentralized exchanges (DEX), and hybrid exchanges. Centralized exchanges have historically dominated the market, accoun

Crypto trader Binance ranked among the largest cryptocurrency exchangers in the world in 2024, with trading volume that was about four times as high as Bybit or OKX. 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.

The digital currency trading platform market is experiencing robust growth, driven by increasing cryptocurrency adoption, technological advancements, and the expanding institutional investor interest. The market's Compound Annual Growth Rate (CAGR) – while not explicitly stated – is likely to be in the high single digits to low double digits over the forecast period (2025-2033), considering the volatility inherent in the cryptocurrency market and the continuous evolution of trading technologies. Major players like Binance, Coinbase Pro, and Kraken are vying for market share, leveraging their established brand recognition, robust security measures, and advanced trading features. However, regulatory uncertainty and the inherent risks associated with cryptocurrency trading remain significant restraints. The market is segmented by platform type (e.g., centralized, decentralized), trading volume, and geographical region, with North America and Asia currently dominating market share. The increasing sophistication of trading tools, the integration of blockchain technology, and the emergence of decentralized finance (DeFi) platforms are shaping future market trends. We anticipate a continued shift towards more sophisticated, regulated, and user-friendly platforms, appealing to both individual and institutional investors. Future growth will depend on several factors including the overall stability and adoption of cryptocurrencies, the development of regulatory frameworks that encourage responsible innovation, and the ability of platform providers to innovate and adapt to evolving user needs. The expansion into emerging markets will also significantly contribute to market growth. The continuous evolution of trading technologies, incorporating features like artificial intelligence and machine learning for improved risk management and trading strategies, will play a crucial role in shaping the competitive landscape. The integration of custodial services and the provision of comprehensive educational resources are likely to attract new users and increase market penetration.

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

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

This dataset contains historical price data for the top global cryptocurrencies, sourced from Yahoo Finance. The data spans the following time frames for each cryptocurrency:

BTC-USD (Bitcoin): From 2014 to December 2024 ETH-USD (Ethereum): From 2017 to December 2024 XRP-USD (Ripple): From 2017 to December 2024 USDT-USD (Tether): From 2017 to December 2024 SOL-USD (Solana): From 2020 to December 2024 BNB-USD (Binance Coin): From 2017 to December 2024 DOGE-USD (Dogecoin): From 2017 to December 2024 USDC-USD (USD Coin): From 2018 to December 2024 ADA-USD (Cardano): From 2017 to December 2024 STETH-USD (Staked Ethereum): From 2020 to December 2024

Key Features:

Date: The date of the record. Open: The opening price of the cryptocurrency on that day. High: The highest price during the day. Low: The lowest price during the day. Close: The closing price of the cryptocurrency on that day. Adj Close: The adjusted closing price, factoring in stock splits or dividends (for stablecoins like USDT and USDC, this value should be the same as the closing price). Volume: The trading volume for that day.

Data Source:

The dataset is sourced from Yahoo Finance and spans daily data from 2014 to December 2024, offering a rich set of data points for cryptocurrency analysis.

Use Cases:

Market Analysis: Analyze price trends and historical market behavior of leading cryptocurrencies. Price Prediction: Use the data to build predictive models, such as time-series forecasting for future price movements. Backtesting: Test trading strategies and financial models on historical data. Volatility Analysis: Assess the volatility of top cryptocurrencies to gauge market risk. Overview of the Cryptocurrencies in the Dataset: Bitcoin (BTC): The pioneer cryptocurrency, often referred to as digital gold and used as a store of value. Ethereum (ETH): A decentralized platform for building smart contracts and decentralized applications (DApps). Ripple (XRP): A payment protocol focused on enabling fast and low-cost international transfers. Tether (USDT): A popular stablecoin pegged to the US Dollar, providing price stability for trading and transactions. Solana (SOL): A high-speed blockchain known for low transaction fees and scalability, often seen as a competitor to Ethereum. Binance Coin (BNB): The native token of Binance, the world's largest cryptocurrency exchange, used for various purposes within the Binance ecosystem. Dogecoin (DOGE): Initially a meme-inspired coin, Dogecoin has gained a strong community and mainstream popularity. USD Coin (USDC): A fully-backed stablecoin pegged to the US Dollar, commonly used in decentralized finance (DeFi) applications. Cardano (ADA): A proof-of-stake blockchain focused on scalability, sustainability, and security. Staked Ethereum (STETH): A token representing Ethereum staked in the Ethereum 2.0 network, earning staking rewards.

This dataset provides a comprehensive overview of key cryptocurrencies that have shaped and continue to influence the digital asset market. Whether you're conducting research, building prediction models, or analyzing trends, this dataset is an essential resource for understanding the evolution of cryptocurrencies from 2014 to December 2024.

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

Blockchain data query: PM Top 50 Markets by Lifetime Volume – Crypto & Digital Assets only

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

Cryptocurrency has been in development since the 1980s, but the launch of Bitcoin in 2009 by pseudonymous developer Satoshi Nakamoto was the first bit-currency to catch on outside of academic...

Blockchain data query: Shadow Exchange Top Pairs by Volume

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.