Industry Statistics and Trends
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 12.3 % over the past five years, to reach an estimated $552.5m in 2023.
Trends and Insights
Intensified regulatory scrutiny has inhibited industry expansion
- Intensified regulatory scrutiny worldwide and in Australia has dramatically affected the crypto exchange landscape in recent years.
- Additional trends and insights available with purchase
Source: Alfabank-Adres
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Crypto regulation is set to benefit cryptocurrency exchanges
- Regulations aiming to prevent illegal activities are forecast to increase the operational costs for exchanges due to the need for compliance systems. However, this will add validation to the crypto market and attract traditional investors, increasing the overall market cap and liquidity.
Biggest companies in the Cryptocurrency Exchanges in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Casey Block Services | 278.6 | |
Swyftx | 133.9 | |
Coinbase Australia | 32.9 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: Alfabank-Adres
Industry revenue is measured across several distinct product and services lines, including Trading of cryptocurrency and Staking and other services. Trading of cryptocurrency is the largest segment of the Cryptocurrency Exchanges in Australia.
Trends and Insights
Wider range of services offered has reduced exchanges’ reliance on the cryptocurrency trading segment
- Over the past few years, crypto exchanges have expanded their product offerings, including services like margin trading, automated trading and lending and borrowing services.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Cryptocurrency exchanges primarily provide cryptocurrency exchange services. The cryptocurrency marketplaces include companies that allow consumers and companies to buy and sell cryptocurrencies. Exchanges exclude companies involved in cryptocurrency mining and providing cryptocurrency investment products like hedge funds.
What's included in this industry?
Trading of cryptocurrenciesStaking servicesSubscription servicesCompanies
Casey Block ServicesSwyftxCoinbase AustraliaPurchase this report to view all 8 major companies in this industry.
Related Terms
COINPEER TO PEERWALLETCRYPTOCURRENCY EXCHANGEALTCOINSTABLE RELEASECOLD WALLETMININGIndustry Code
ANZSIC 6419 - Cryptocurrency Exchanges in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The growing emphasis on marketing has accelerated marketing expenses. Cryptocurrency exchanges are increasingly leveraging high-profile sports sponsorships for visibility and...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Cryptocurrency exchanges have expanded their array of services. As customers utilise these services, it has lessened crypto exchanges’ reliance on revenues generated from tra...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Cryptocurrency exchanges can operate in any state. The geographic distribution of the industry is not linked to the location of cryptocurrency exchanges, but to the location ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Central to the competition are friendly user interfaces, strong reputation and robust security. Crypto exchange services that can differentiate their product features with su...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Well-established cryptocurrency exchanges like CoinSpot and Swyftx have focused on security sponsorship deals with prominent sports organisations. This helps enhance their br...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Casey Block Services's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Swyftx's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Coinbase Australia's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 5 additional companies
Detailed analysis
- Description and key data for Casey Block Services, and factors influencing its performance in the industry
- Description and key data for Swyftx, and factors influencing its performance in the industry
- Description and key data for Coinbase Australia, and factors influencing its performance in the industry
- Description, key data and performance trends for 5 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Market sentiment significantly influences the volatility of cryptocurrency exchanges. Factors like media coverage and trends on social media platforms can drastically affect ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins for cryptocurrency exchanges have improved significantly as exchanges have overcome establishment costs. This shift from losses to positive returns can be attr...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cryptocurrency Exchanges industry in Australia in 2024?
The market size of the Cryptocurrency Exchanges industry in Australia is $552.5m in 2024.
How many businesses are there in the Cryptocurrency Exchanges in Australia industry in 2023?
There are 120 businesses in the Cryptocurrency Exchanges industry in Australia, which has grown at a CAGR of 1.2 % between 2018 and 2023.
Has the Cryptocurrency Exchanges industry in Australia grown or declined over the past 5 years?
The market size of the Cryptocurrency Exchanges industry in Australia has been growing at a CAGR of 12.3 % between 2018 and 2023.
What is the forecast growth of the Cryptocurrency Exchanges industry in Australia over the next 5 years?
Over the next five years, the Cryptocurrency Exchanges industry in Australia is expected to grow.
What are the biggest companies in the Cryptocurrency Exchanges market in Australia?
The biggest companies operating in the Cryptocurrency Exchanges market in Australia are Casey Block Services, Swyftx and Coinbase Australia
What does the Cryptocurrency Exchanges in Australia include?
Trading of cryptocurrencies and Staking services are part of the Cryptocurrency Exchanges industry.
Which companies have the highest market share in the Cryptocurrency Exchanges in Australia?
The company holding the most market share in Australia is Casey Block Services.
How competitive is the Cryptocurrency Exchanges industry in Australia?
The level of competition is high and increasing in the Cryptocurrency Exchanges industry in Australia.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Investment Banking and Securities Brokerage in Australia
Complementors
- Custody, Trustee and Stock Exchange Services in Australia
- National and Regional Commercial Banks in Australia
- Foreign Banks in Australia
- Investment Banking and Securities Brokerage in Australia
International industries
- Stock & Commodity Exchanges in the US
- Funds Management and Other Investment Services in New Zealand
- Financial Asset Investing in New Zealand
- Stock & Commodity Exchanges in the UK
- Securities Exchanges in China
View all industries in Australia
Methodology
How are Alfabank-Adres reports created?
Alfabank-Adres has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for Alfabank-Adres readers. Finally, each report is reviewed by one of Alfabank-Adres’s editors, who provide quality assurance to ensure accuracy and readability.
Alfabank-Adres relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do Alfabank-Adres analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, Alfabank-Adres’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does Alfabank-Adres forecast its data?
Alfabank-Adres’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
Alfabank-Adres prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
