Taking advantage of the surge in volumes, prices and the number of investors in 2021, crypto platforms have generated more money than stock exchanges. They collected $24.3 billion in commissions, or 60% more than them, according to the consultant Opimas. This is the first time that Crypto Exchanges 2.0 have taken the lead. Their revenues have increased sevenfold between 2020 and 2021. With $14.6 billion in commissions, Binance alone takes 60% of the global crypto market.
These very favorable conditions for the platforms, both in terms of volume and price and level of commissions, are however no longer met this year. Bitcoin and Ether are down 11% and 19% respectively. “Daily EUR volumes for the top 50 crypto pairs were 800 million in March, 35% below their November average (when markets were at their highest).