Cryptocurrency Exchanges Statistics


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Cryptocurrency Exchanges Statistics 2023: Facts about Cryptocurrency Exchanges outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Cryptocurrency Exchanges, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

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Top Cryptocurrency Exchanges Statistics 2023

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Cryptocurrency Exchanges “Latest” Statistics

  • 29% of all American parents who are in their millennials, according to a Harris Poll that USA today released in August 2021, own cryptocurrencies.[1]
  • 78% of males who replied claimed to know about Bitcoin, compared to 71% of women.[1]
  • Financial experts have forecast that the value of the global blockchain industry will increase by 36.7 billion us dollars by 2025, with a compound annual growth rate CAGR of 68.34%.[1]
  • 80% of White respondents were more knowledgeable about Bitcoin than 66% of Hispanic respondents.[1]
  • Early in 2021, the price of Bitcoin hit 60,000 before collapsing and losing over 40% of its value in a few weeks.[1]
  • 24% of those individuals made stock market investments over the same period.[1]
  • According to financial experts, the market for cryptocurrencies will reach 4.94 billion by 2030, with a CAGR of roughly 12.8%.[1]
  • In September 2020, prepaid gift cards accounted for nearly 26% of all payments made via BitPay, an Atlanta, Georgia-based Bitcoin payment service provider.[1]
  • The number of Americans who possess cryptocurrencies increased from over 7.95% in 2018 to 14.4% in 2019 and 23.16% in 2021.[1]
  • 70% of those polled yet said that they would consider purchasing cryptocurrencies or more of them if they could keep them in their bank accounts.[1]
  • According to statistics from a worldwide poll conducted by the deVere Group, one of the world’s biggest independent fintech and financial advice firms, 67% of the more than 700 millennials questioned thought that Bitcoin was a better safe haven asset than gold.[1]
  • According to statistics from a poll by the financial website Finder, Bitcoin is owned by 66.7% of cryptocurrency investors, while Dogecoin is held by 28.6% of investors, and Ethereum is held by 23.9%.[1]
  • More than 20% of those who had never purchased cryptocurrency—roughly 50 million people—said they were likely to do so in the next year.[1]
  • More than 80% of customers of financial advisors want to learn more about Bitcoin, even if more than one in five of their clients already hold it.[1]
  • Investors believe that over the next ten years, greater widespread usage will drive a price rise of roughly 15% for Bitcoin.[1]
  • According to New York Digital Investment Group data, in 2021, around 46 million Americans, or 22% of the adult U.S. population, are Bitcoin owners.[1]
  • In a poll conducted in May 2021 of 2,000 American individuals of all ages, it was discovered that 51% of those who hold cryptocurrency did so during the previous 12 months.[1]
  • According to 24% of poll respondents, one hurdle for novice investors is a lack of knowledge of how cryptocurrencies operate.[1]
  • 70% of deVere’s clientele over the age of 55 either intended to purchase such digital assets in 2021 or had already done so.[1]
  • Even if it’s down around 17% from a year ago, that day’s value is still up roughly 31% from another day in the same week.[1]
  • BTC movements to Eastern Asia had the biggest percentage change in a single day in 105 days, increasing by 181%.[2]
  • Over 90% of users on Binance are male, with an average age of 35, and 65% possess Bitcoin, with the majority dedicating 1-20% of their cryptocurrency portfolio to it.[3]
  • More than 80% of the initial coin offerings launched in 2018 have subsequently been deemed to be frauds, according to an analysis by Bloomberg.[4]
  • 2020 saw a 281 million attack; however, the well-known exchange, KuCoin, was able to recover 80% of its lost cash.[4]
  • As the first and biggest cryptocurrency in the world, Bitcoin alone accounts for 28% of all market trading activity.[4]
  • The ratio of illicit Bitcoin to less than 0.5% of Bitcoin transactions has been associated with unlawful activities, despite the seriousness of the crimes exposed in the cryptocurrency market.[4]
  • In the U.S., 80% of White people are aware that Bitcoin exists, compared to 66% of Hispanics and 61% of Blacks.[4]
  • Finder’s Bitcoin predictions report that 58% of panelists believe the current Bitcoin bull run will continue at least into the second half of 2021.[4]
  • Millennials are so enamored with cryptocurrency that 67% of them now choose it as an investment instrument above gold.[4]
  • Mining cost/profit almost 59% of the entire revenue made by mining Bitcoin is used to cover the cost of electricity.[4]
  • E-commerce peer-to-peer P2P payments and remittances are in second and third place, accounting for 42.8% of the market.[4]
  • Millennials place more trust in Bitcoin during hard economic times than gold; according to a global survey conducted by JP Morgan chase, 67% of them place more trust in Bitcoin during hard economic times than gold.[5]
  • In China, where almost 66% of energy is generated by coal power, 72% of Bitcoin mining takes place.[5]
  • According to research, two hacker gangs were determined to be responsible for over 60% of all known crypto thefts totaling more than $1 billion.[5]
  • White respondents are more knowledgeable about Bitcoin than Hispanic and Black respondents (66% and 61%, respectively).[5]
  • According to Pew Research, approximately 16% of Americans utilize cryptocurrencies in some way.[5]
  • Although the frequency of Bitcoin theft rose overall between 2019 and 2020, the amount taken in 2019 was 16% greater than it was in 2020.[5]
  • With 85.77% of Bitcoin community involvement coming from men, it seems that guys make up a disproportionate share of Bitcoin investors.[5]
  • Electronics for consumers, at 1.74%, the rate at which Bitcoin is accepted as payment for goods and services varies by industry, with the prepaid debit card and gift card sector having the most remarkable acceptance rate and the consumer electronics sector having the lowest.[5]
  • Although cryptocurrencies would likely be used to launder money, just 1.1% of all transactions are prohibited.[5]
  • Over 60% of the total energy needed by Bitcoin miners worldwide originates from nonrenewable sources.[5]
  • The top 4 worldwide cryptocurrency exchanges account for 63.4% of the total volume of cryptocurrency trades, further highlighting the top-heavy structure of these global virtual currency exchanges.[5]
  • Bitcoin payments exceeded 120 million in 2020, accounting for a modest but a rising portion of all digital payments.[5]
  • The total digital payments exceeded 700 billion in 2020, up 14% from the previous year.[5]
  • Prepaid gift cards have the most incredible acceptance rate for BitPay payments at 26.3%.[5]
  • Men have a somewhat greater degree of awareness than women, with 78% of poll participants admitting knowledge of Bitcoin.[5]
  • Hacks and scams connected to decentralized finance accounted for 50% of all Bitcoin thefts in 2020.[5]
  • More than 60% of the hash rate of the Bitcoin network is derived from non-renewable energy sources.[5]
  • Through the KuCoin breach in 2020, more than 281 million dollars worth of Bitcoin had been taken; however, almost 80% of this has since been restored.[5]
  • 79% of daily average transaction volume is accounted for by the top 10 Bitcoin exchanges worldwide.[5]
  • The great bulk of Bitcoin mining takes place in China, where coal-fired generating accounts for around 66% of the nation’s yearly electricity output.[5]
  • White respondents had knowledge of Bitcoin at 80% or above, which was the highest degree.[5]

Also Read

How Useful is Cryptocurrency Exchanges

One of the main advantages of cryptocurrency exchanges is the convenience they offer. With just a few clicks, users can access a wide variety of digital assets from around the world. This ease of access has opened up new avenues for individuals to invest and participate in the global economy, without the need for traditional financial institutions. For many, this level of accessibility is unrivaled and has democratized the investment landscape.

Furthermore, cryptocurrency exchanges enable users to diversify their investment portfolios in ways that were previously unimaginable. With hundreds of different cryptocurrencies to choose from, individuals can spread their risk across a range of assets, which can help protect them against market fluctuations. This level of diversification is often praised by investors as a key factor in managing risk and maximizing potential returns.

Another key benefit of cryptocurrency exchanges is the speed at which transactions can be executed. Traditional banking systems can take days to complete transactions, especially when dealing with international transfers. Cryptocurrency exchanges, on the other hand, can facilitate transactions within minutes, providing users with unparalleled efficiency and speed. This level of convenience is especially valuable in the fast-paced world of digital currencies, where prices can change rapidly.

Moreover, cryptocurrency exchanges have played a crucial role in fostering innovation within the digital currency space. By providing a marketplace where new tokens and coins can be listed and traded, exchanges have helped fuel the growth of the industry. This has incentivized developers to create new and exciting projects, driving forward technological advancements in the space. In turn, this dynamic ecosystem has spurred further interest and investment from individuals and institutions alike.

Despite these advantages, cryptocurrency exchanges are not without their limitations and risks. Security concerns, such as hacking and fraud, are prevalent in the digital currency world, and exchanges have been targeted by malicious actors seeking to exploit vulnerabilities. Users must exercise caution and conduct thorough research before entrusting their assets to any particular exchange. Additionally, regulatory uncertainty and government intervention in the cryptocurrency space can pose challenges for exchanges, leading to uncertainty and potential disruption.

In conclusion, while cryptocurrency exchanges offer a range of benefits and have significantly contributed to the growth of the digital currency ecosystem, they also come with risks and limitations. It is essential for users to carefully weigh these factors before engaging with exchanges and to always prioritize security and due diligence. As the digital currency market continues to evolve and mature, exchanges will play a crucial role in shaping its future trajectory.

Reference

  1. explodingtopics – https://explodingtopics.com/blog/blockchain-stats
  2. chainalysis – https://markets.chainalysis.com/
  3. businessofapps – https://www.businessofapps.com/data/binance-statistics/
  4. finder – https://www.finder.com/cryptocurrency-statistics
  5. youngandtheinvested – https://youngandtheinvested.com/cryptocurrency-statistics/

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