Major crypto trading platforms like Binance, Bitfinex, Bitstamp, Bybit, Cex.io, Coinbase, Crypto.com, Delta Exchange India, Gate.io, Gemini is predicted to exceed $84.8 billion valuation by 2034.
According to a Global Market Insights research released on 5 February 2025, the global crypto trading platform market was valued at $27 billion in 2024 and is estimated to register a CAGR of 12.6% between 2025 and 2034.
So what has caused the recent growth for the crypto trading platforms?
Is it the increased popularity of crypto derivatives or the development of the cryptocurrency market or the change in the attitude of the retail and institutional investors?
Centralized Exchanges Are Projected To Generate $41 Billion By 2034
“This dominance (by centralized exchanges or CEXs) can be attributed to the high liquidity these platforms provide,” the data found, “ensuring seamless execution of large orders with minimal price fluctuations.”
The enhanced trading volumes and competitive bid-ask spreads make CEXs especially attractive to institutional investors and high-frequency traders.
DEXs gaining traction against centralized exchanges (CEXs), good!
Happy to see data showing DEXs are gaining ground alongside CEXs, with DEX trading volumes breaking through 20% of centralized platforms for the first time. These trends for new cryptocurrency platforms indicate a… pic.twitter.com/i7iFKMT2gE— InfinityBit CEO (@InfinityBitCEO) February 5, 2025
User friendliness of the crypto trading platforms is a big factor too. “Retail investors are expected to account for 43% of the market share in 2024, drawn by the accessibility and user-friendly features these platforms offer,” the research report stated.
More importantly, North America crypto trading platform market is set to solidify its position
North America already benefits from a well-established financial ecosystem. “With the US leading the way due to its advanced payment infrastructure, established financial institutions, and diverse investor base” North America crypto trading platform market will lead.
Recent Power Moves By Crypto Trading Platforms
Singapore- headquartered Crypto.com’s 2025 strategy is out and the company has some big ideas! On 5 February 2025, Crypto.com announced plans to launch a Cronos-based exchange-traded fund (ETF), a new stablecoin, and expand financial services.
Recently, Coinbase and Kraken have obtained critical regulatory licenses to expand their operations in the UK and the European Union (EU), respectively.
On 3 February 2025, Coinbase announced obtaining a Virtual Asset Service Provider (VASP) registration in the UK. This particular milestone registration will make it “the largest registered digital assets player in the UK.”
Meanwhile, Binance Pay, the virtual currency payment platform powered by Binance, has partnered with xMoney.
xMoney is also known as a Web3 transaction hub in Europe.
Notably, this collaboration aims to enhance cryptocurrency accessibility across the continent. According to the companies, the collaboration can bridge the gap between traditional finance and the rapidly evolving world of digital currencies.
Bybit is also up to something interesting. It is offering Teslas, Rolex watches and more to increase user base on their platform in Kazakhstan. These offers are currently live and will run till 28 February 2025. Traders dipping their toes in crypto for the first time, get a chance to start with a win.
Explore: Coinbase Becomes UK’s Largest VASP, Binance Reworks Crypto Payments Framework For Europe
The post Global Crypto Trading Platform Market Valuation Will Exceed $84.8 Billion By 2034, Research Finds appeared first on 99Bitcoins.
