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 biggest advantages of cryptocurrency exchanges is their convenience. These platforms provide a one-stop-shop for all things crypto, making it easy for users to access a wide range of digital assets all in one place. This convenience extends to the ease of setting up an account, depositing funds, and executing trades with just a few simple clicks. For those looking to diversify their investment portfolio or capitalize on market trends, cryptocurrency exchanges provide a hassle-free way to do so.

Furthermore, cryptocurrency exchanges offer liquidity, enabling users to easily convert their digital assets into fiat currency whenever they need to. The ability to quickly and efficiently trade cryptocurrencies for cash makes these platforms essential for those seeking to make quick profits or simply manage their finances effectively. Additionally, the liquidity of cryptocurrency exchanges plays a critical role in determining the market value of various digital assets, as an increase in trading volume often results in a corresponding rise in price.

In addition to convenience and liquidity, cryptocurrency exchanges are also instrumental in facilitating international trade and transactions. By eliminating the need for intermediaries like banks or payment processors, cryptocurrency exchanges enable users to transfer funds globally at a lower cost and faster speed. This is particularly beneficial for businesses looking to expand their operations across borders or individuals seeking to send money to loved ones in different countries.

Moreover, cryptocurrency exchanges democratize access to financial markets by allowing anyone with an internet connection to participate in digital currency trading. This inclusivity empowers individuals from diverse backgrounds to engage in investment opportunities that were previously reserved for the privileged few. Whether you are a seasoned trader or a novice investor, cryptocurrency exchanges provide an entry point into the complex world of cryptocurrencies and blockchain technology.

Despite their numerous benefits, cryptocurrency exchanges are not without their drawbacks. Some skeptics raise concerns about the security and regulatory compliance of these platforms, as instances of hacking and fraud have been reported in the past. While reputable exchanges take significant steps to protect user funds and personal information, the risk of cyber threats always looms large in the digital realm. Additionally, the lack of standardized regulations governing cryptocurrency exchanges in different countries raises questions about accountability and investor protection.

In conclusion, cryptocurrency exchanges have undoubtedly become indispensable tools in today’s financial landscape. Their convenience, liquidity, and accessibility make them valuable assets for individuals and businesses seeking to navigate the world of digital currencies. However, the industry continues to evolve rapidly, and challenges such as security and regulatory compliance must be addressed to ensure the long-term viability of cryptocurrency exchanges. Ultimately, the usefulness of these platforms lies in their ability to adapt to changing market dynamics and meet the needs of an increasingly digital-savvy population.

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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