This document is an extract from the research report “Crypto Exchanges market in 2020” covering:
High-level benchmark of top 5 crypto-exchanges financials
Products and services offerings launched across time by top 5 crypto exchanges
A high-level outlook of the regulatory landscape for the top 5 crypto exchanges
Historical and up-coming strategic initiatives of top 5 crypto exchanges
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The Panorama:
Update on Regulations:
New Features:
Annual Trading Volumes:
Volumes increased steeply in 2018, largely driven by BTC price surge and the addition of new digital assets.
The same year, speculators generally pulled off from Altcoins and refocused on high potential projects and BTC.
Volumes in 2019 dropped sharply amidst global crypto market turmoil.
- Transaction Fees:
The BTC price surge and ICO boom sent transaction fees to their all-time low in 2018.
Coinbase charges, by far, the highest spread fee in the market.
Annual Revenue Breakdown:
Despite an inverted U-shaped volumes’ curve, Binance kept growing its revenues.
Bitfinex 2018’s spike in revenues is largely due to a great increase in trading volumes.
Coinbase’s spread fee reduction dented the exchange’s revenue in 2018.
Bitstamp and Kraken less impressive revenue evolution mirrors the volumes as the platforms kept almost flat fees.
- Revenue Distribution:
Binance is the only exchange that saw its altcoins revenue rising over the last 3 years.
Whereas, Coinbase followed the opposite trend.
Bitfinex, Bitstamp, and Kraken have seen a more significant share of its investors switching to BTC after 2018’s collapse.
EBITDA:
Headcounts and Revenue Per Employee:
Full Report - Crypto Exchanges Market in 2020:
Business Premium (on-demand) - Request ReportIncluding Peer group: Top Crypto Exchanges
General overview
Competitive landscape analysis
In-depth strategy assessment per exchange
5 years of market size forecast
Industry trends analysis
Benchmark study
Detailed financial indicators
Detailed operational KPIs and metrics
Detailed people KPIs
Fee comparison and evolution over time
Functional benchmark
Governance (org, stakeholder’s ecosystem)
Regulation (legal HQ, taxation, etc.)
HR strategy (skills, recruitment, rewards)
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Danil Knyazev
Head of Strategy and Growth, Partner