Best Business in Crypto: Running an Exchange

The major crypto exchanges in the world are different not only in terms of deposit conditions and user numbers, but also in terms of the fees charged on trading, deposits or withdrawals. Based on the trading volume and fees, it is possible to estimate the figures.

The crypto exchanges not only provide the user with a great added value and the possibility to trade cryptocurrencies, but also profit from charging fees of course. Fees vary from exchange to exchange, so a closer look can save you a few cents.

Here it becomes clear that the largest exchanges come from Asia and not only have the largest user base, but also generate the highest daily turnover. Based on the data collected by Bloomberg, three stock exchanges from Asia lead the statistics.

The following exchanges can be found in the following chart, from top to bottom: Binance, Upbit, Huobi, Bittrex, Bithumb, OKEx, Bits Blockchain, Bitfinex, Bit-Z, GDAX, Bitstamp, WX, WX, Kraken, HitBTC, Coinegg; BTCC, EXX, Gemini, Poloniex.

Crypto Exchanges Are Raking in Billions of Dollars - Bloomberg


These figures do not claim to be accurate or complete, but are intended to show how much money the exchanges can earn per day or so (according to the Bloomberg study). In view of these immense sums of money, which can be earned per day, running a crypto exchange seems to be a real gold mine.

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At this point it should also be noted that many exchanges, as well as the crypto market and blockchain technology are just beginning to develop.

One of the “fastest” exchanges is Binance, which is able to process more than 1.4 million transactions per second. Some exchanges have a deposit limit that prevents the small investor from entering the market easily. Every new user who wants to create an account on Bitfinex, for example, must make a deposit of $10,000 to activate his account.

In the long term, only those exchanges that offer a very easy entry and good customer service will be able to assert themselves. The HitBTC exchange, for example, has no clear company headquarters, nor is data such as user numbers or the like known.

It will also be exciting to see whether crypto-exchanges are being bought up by larger financial institutions due to their potential revenue growth. One example that illustrates this development is the purchase of Poloniex stock exchange through the GoldmanSachs supported Startup Circle.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of

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