Global Centralized Exchange Token (CEX) Market

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 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.
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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).

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. '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)', '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.'

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.

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.

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.

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