USD 12.5 billion
Global Centralized Exchange Token (CEX) Market Size, Share, Growth Analysis, By Exchange Type(Decentralized and centralized exchanges), By Trading Pair(Crypto-crypto and fiat-crypto) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2037 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
59 |
Figures:
79
Global Centralized Exchange Token (CEX) Market Insights
Centralized Exchange Token (CEX) Market size was valued at USD 12.5 billion in 2021 and is poised to grow from USD 14.5 billion in 2022 to USD 41.8 billion by 2030, growing at a CAGR of 16.3% in the forecast period (2023-2030).
Global Centralized Exchange Token (CEX) market is a rapidly evolving and dynamic market that is driven by various factors such as investor sentiment, regulatory changes, technological advancements, and market trends. The total market capitalization of all CEX tokens is constantly changing due to the volatility of the crypto currency market. However, it is estimated to be in the billions of dollars. The growth of the market is primarily driven by the increasing popularity of digital assets and crypto currencies, as well as the growing number of centralized exchanges that are launching their own tokens to incentivize users to trade on their platforms. Another key driver of the market is the increasing adoption of blockchain technology and its potential to transform the financial industry. Despite the growth potential of the Global Centralized Exchange Token (CEX) market, there are also several challenges that the market is facing. These include regulatory uncertainty, security concerns, and the volatility of the crypto currency market. Additionally, there is also competition from other types of exchanges, such as decentralized exchanges (DEXs), which offer a different set of benefits and challenges. Some key trends in the global market include the increasing focus on security and regulatory compliance, the development of new and innovative token models, and the growing use of blockchain technology to enable faster and more efficient trading. There is also a trend toward collaboration and partnerships between exchanges and other players in the crypto currency industry.
US Centralized Exchange Token (CEX) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Centralized exchanges
Fastest Growth
Centralized exchanges
Growth Rate
16.3% CAGR
Global Centralized Exchange Token (CEX) Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Centralized Exchange Token (CEX) Market Size By Exchange Type 2022-2030 ($ Bn)
Global Centralized Exchange Token (CEX) Market Size By Exchange Type 2022-2030 (%)
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Global Centralized Exchange Token (CEX) Market Segmental Analysis
Global Centralized Exchange Token (CEX) Market is segmented on the basis exchange type, trading pair and region. By exchange type, the market is segmented into decentralized and centralized exchanges. By trading pair, market is segmented into crypto-crypto and fiat-crypto. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Centralized Exchange Token (CEX) Market Analysis by Exchange Type
The centralized exchange segment was the largest in terms of market share, Centralized exchanges (CEXs) are more traditional crypto currency exchanges that are owned and operated by a single entity. These exchanges act as intermediaries between buyers and sellers, matching orders and executing trades. CEXs typically offer a wider range of trading pairs and have higher trading volumes than DEXs.
The decentralized exchange segment was expected to grow at a faster pace due to its increased adoption and use of blockchain technology. Decentralized exchanges (DEXs) are platforms that allow users to trade crypto currencies without the need for intermediaries. These exchanges use a peer-to-peer network to match buyers and sellers and execute trades. DEXs are known for their high level of security and privacy, as users retain control over their private keys.
Centralized Exchange Token (CEX) Market Analysis by Trading Pair
The largest segment of the Global Centralized Exchange Token (CEX) Market by Trading Pair is the Crypto-Crypto segment. This is because a large majority of crypto currency trading volume is conducted between different crypto currencies. The crypto-Crypto segment of the CEX market includes exchanges that facilitate the trading of one crypto currency for another. These exchanges typically have a wide range of trading pairs, allowing users to trade major crypto currencies like Bitcoin and Ethereum, as well as smaller altcoins. This segment of the market has been growing rapidly in recent years, driven by the increasing popularity of crypto currencies and the desire for users to trade and invest in a wider range of coins and tokens.
The Fiat-Crypto segment is the fastest-growing segment in the CEX market, with a significant increase in trading volume over the past few years. This can be attributed to the increasing mainstream adoption of crypto currencies and the desire for more user-friendly and accessible trading options. Additionally, the integration of fiat gateways by many crypto currency exchanges has made it easier for users to enter and exit the crypto currency market using traditional currencies. The fiat-Crypto segment of the CEX market includes exchanges that allow users to trade fiat currencies like USD, EUR, or JPY for crypto currencies. These exchanges typically have a smaller range of trading pairs but are important for users who want to enter the crypto currency market for the first time or who prefer to trade in traditional currencies. This segment of the market has also been growing rapidly in recent years, driven by the increasing mainstream adoption of crypto currencies and the desire for more user-friendly and accessible trading options.
Global Centralized Exchange Token (CEX) Market Size By Exchange Type 2022(%), 2023 (%)
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Global Centralized Exchange Token (CEX) Market Regional Insights
North America dominated the Global Centralized Exchange Token (CEX) market. The United States is one of the largest and most developed markets for CEX. The country has a large number of crypto currency investors and traders, and there are many established crypto currency exchanges that operate in the country. Additionally, the regulatory environment in the United States has been relatively favorable for the development of the market, with various regulatory bodies such as the SEC and CFTC providing guidance and oversight. Canada is another important region for the Global CEX market, with a growing number of crypto currency investors and traders in the country. The regulatory environment in Canada has also been relatively favorable, with the country's financial regulator, the Canadian Securities Administrators, recently issuing guidance on the regulation of crypto currency exchanges. Mexico is also an emerging market for the Global CEX market, with a growing number of crypto currency investors and traders in the country. However, the regulatory environment in Mexico is still developing, and there have been some concerns over the lack of clear guidance on the regulation of crypto currency exchanges. Other North American regions for the Global market include Central America and the Caribbean, with countries such as Costa Rica and Puerto Rico emerging as key players in the industry.
The Asia Pacific region is an important market for the Global Centralized Exchange Token (CEX) market, with several countries in the region showing significant growth in the adoption of crypto currencies and CEX platforms. China is one of the largest markets for crypto currencies and CEX platforms in the world. Despite the government's crackdown on crypto currency trading and mining, there is still a significant demand for CEX platforms and tokens in China. Several Chinese CEX platforms such as OKEx, Huobi, and Binance have a significant presence in the global CEX market. Japan is another key market for the CEX market in the Asia Pacific region. The country has a relatively friendly regulatory environment for crypto currencies and is home to several leading CEX platforms such as bitFlyer, Coincheck, and Zaif. Japan has also been a leader in developing regulations for crypto currency exchanges, which has helped to boost investor confidence in CEX platforms. South Korea is a rapidly growing market for crypto currencies and CEX platforms, with a large number of active traders and investors in the country. The South Korean government has been taking steps to regulate the crypto currency market in the country, which has helped to increase investor confidence in CEX platforms. Singapore is a major financial hub in the Asia Pacific region and has become a popular location for crypto currency exchanges and CEX platforms. The country has a relatively friendly regulatory environment for crypto currencies and has attracted several global CEX platforms such as Binance and Huobi to set up operations in the country. Australia is another important market for the CEX market in the Asia Pacific region, with a growing number of investors and traders using CEX platforms. The Australian government has been working to regulate the crypto currency market in the country, which has helped to boost investor confidence in CEX platforms.
Global Centralized Exchange Token (CEX) Market Size By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Centralized Exchange Token (CEX) Market Dynamics
Centralized Exchange Token (CEX) Market Drivers
Increasing Adoption of Crypto currencies
- One of the major drivers of the global Centralized Exchange Token (CEX) market is the increasing adoption of crypto currencies worldwide. With the growing popularity of digital currencies such as Bitcoin, Ethereum, and Ripple, there has been a significant increase in the demand for crypto trading platforms. As centralized exchanges are the most common platforms for buying and selling crypto currencies, the demand for CEX tokens has also increased significantly. This trend is expected to continue in the coming years, as more people and businesses adopt crypto currencies for transactions and investments.
Growing Popularity of Decentralized Finance (DeFi)
- Another driver of the global CEX market is the growing popularity of decentralized finance (DeFi) applications. DeFi refers to a new form of finance that operates on decentralized platforms, allowing users to access financial services such as lending, borrowing, and trading without intermediaries. Decentralized exchanges (DEX) are the most popular platforms for trading DeFi tokens, and the demand for CEX tokens is also increasing as more CEX platforms integrate with DeFi protocols. With the rise of DeFi, the demand for CEX tokens is expected to grow further, as CEX platforms continue to offer liquidity and other services to DeFi users.
Centralized Exchange Token (CEX) Market Restraints
Regulatory Uncertainty
- One of the major restraints of the Global Centralized Exchange Token (CEX) market is regulatory uncertainty. As the crypto currency market is still largely unregulated in many countries, there is a lack of clarity on how CEX tokens and other crypto currencies will be treated under existing and future regulations. This uncertainty has led to a lack of trust among investors and traders, which has resulted in lower trading volumes and liquidity on some CEX platforms. Additionally, governments and regulatory bodies may impose restrictions on the use of CEX tokens, which could further limit their adoption and growth.
High Volatility and Risk
- Another restraint of the Global Centralized Exchange Token (CEX) market is the high volatility and risk associated with crypto currencies. The value of CEX tokens and other crypto currencies can fluctuate significantly within a short period, leading to significant losses for investors and traders. Additionally, the lack of transparency and oversight in the crypto currency market can make it easier for fraudsters and cybercriminals to manipulate prices and steal funds from CEX platforms. This risk and uncertainty can discourage some investors and traders from using CEX platforms and limit the growth of the CEX token market.
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Global Centralized Exchange Token (CEX) Market Competitive Landscape
The Global Centralized Exchange Token (CEX) market is highly competitive, with a large number of established players and new entrants constantly entering the market. In order to remain competitive in the market, many of these players are constantly innovating and expanding their offerings, such as introducing new crypto currencies, trading pairs, and features such as margin trading and staking. Additionally, many exchanges are also investing in security measures to protect their users' funds, as security remains a key concern for many crypto currency investors and traders.
Centralized Exchange Token (CEX) Market Top Player’s Company Profiles
- Binance Coin (BNB)
- Huobi Token (HT)
- FTX Token (FTT)
- OKB (OKB)
- Crypto.com Coin (CRO)
- BitMax Token (BTMX)
- KuCoin Token (KCS)
- LEO Token (LEO)
- Uniswap (UNI)
- SushiSwap (SUSHI)
- Polkadot (DOT)
- Cardano (ADA)
- Terra (LUNA)
- Avalanche (AVAX)
- Solana (SOL)
- Serum (SRM)
- Binance USD (BUSD)
- Celo (CELO)
- Harmony (ONE)
- Serum Ecosystem Token (SECO)
Centralized Exchange Token (CEX) Market Recent Developments
- In January 2021, Kraken, a crypto currency exchange based in the US, announced the acquisition of Circle Trade, a major over-the-counter (OTC) crypto currency trading desk. This acquisition was part of Kraken's expansion plans for its institutional trading business. With the acquisition of Circle Trade, Kraken gained access to a wide range of OTC trading clients, allowing it to further strengthen its position in the institutional crypto currency trading market.
- In February 2021, Bitfinex, a crypto currency exchange based in Hong Kong, launched a new version of its mobile app. The updated app includes a customizable trading dashboard and advanced charting tools, improving the user experience on its platform. The new version also supports a wider range of crypto currencies and features faster trade execution times.
- In April 2021, Coinbase, a US-based crypto currency exchange, became the first crypto currency exchange to go public. The company is listed on the Nasdaq stock exchange under the ticker symbol COIN, with an initial valuation of over $100 billion. In addition to going public, Coinbase also launched the Coinbase Pro mobile app, which allows users to trade crypto currencies on the go.
- In June 2021, Binance, the world's largest crypto currency exchange by trading volume, faced regulatory scrutiny in several countries, including the UK and Japan. The exchange announced plans to improve its compliance measures in response to these regulatory challenges. Binance also temporarily suspended trading in some markets, including Ontario, and Canada, due to regulatory issues.
Global Centralized Exchange Token (CEX) Key Market Trends
- Increasing regulatory scrutiny: With the growing popularity of crypto currencies and the emergence of new blockchain-based financial products and services, governments and financial regulators around the world are paying more attention to the crypto currency industry. This has led to increased regulatory scrutiny of CEXs, with regulators seeking to impose greater oversight and ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. This trend is likely to continue as the industry matures and CEXs become more mainstream.
Global Centralized Exchange Token (CEX) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Centralized Exchange Token (CEX) Market analysis, the market tokens has grown significantly in recent years, driven by the increasing popularity of crypto currency trading and the desire for users to access discounted fees and other benefits. Additionally, the growth of decentralized finance (DeFi) and the rise of decentralized exchanges (DEXs) have created increased competition for centralized exchanges, leading many to explore new ways to incentivize users to continue using their platforms. In terms of segmental analysis, by trading pairs, the crypto-crypto segment is currently the largest, and the fiat-crypto segment is the fastest-growing, driven by the increasing mainstream adoption of crypto currencies and the desire for more user-friendly and accessible trading options. Overall, the global market is expected to continue growing in the coming years, as more users enter the crypto currency market and demand for discounted fees and other benefits continue to increase.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.5 billion |
| Market size value in 2031 | USD 41.8 billion |
| Growth Rate | 16.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Centralized Exchange Token (CEX) Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Centralized Exchange Token (CEX) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Centralized Exchange Token (CEX) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Centralized Exchange Token (CEX) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Centralized Exchange Token (CEX) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Centralized Exchange Token (CEX) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Centralized Exchange Token (CEX) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Centralized Exchange Token (CEX) Market Report Snapshots
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