How Much are Cryptocurrency Exchanges Making?
According to Bloomberg estimates, the top cryptocurrency exchanges are generating at least $2 million dollars in revenue per day, mainly from fees generated from buying and selling cryptocurrencies.
A visual from HowMuch shows:
The top 3 exchanges by revenue per day are Binnace, Upbit and Huobi.
Binance has daily earnings average $3.48 million dollars with 38% of its customers coming from the United States. By trading volume, they are 2nd behind OKEx tracking almost $1.6 billion in 24 hour volume.
Meanwhile Upbit is 2nd in daily revenue, with 95% of its customers in South Korea. The platform makes $3.42 million dollars per day, and is currently 6th in daily trading volume at $410 million.
Huobi is 3rd making on average $2.29 million dollars per day.
The top 3 markets in order by trade volume are Japan, United States, then South Korea.