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Cryptocurrency Exchanges in Australia - Industry Market Research Report

Publisher IBISWorld
Published Jan 07, 2025
Length 76 Pages
SKU # IBSS19493023

Description

Cryptocurrency Exchanges in Australia - Industry Market Research Report


Cryptocurrency Exchanges in Australia

Cryptocurrency exchanges services launched in Australia in 2012-13 to cater to rising interest in cryptocurrencies as a form of payment. Crypto exchange services have since expanded at a rapid pace, albeit from a low base. Bitcoin, the largest and most well-established cryptocurrency, was created in 2008-09. Cryptocurrency services are still in the early stages. Cryptocurrency exchange service providers typically earn revenue through fees paid on deposits, withdrawals and trades conducted on local exchanges. Cryptocurrency initially generated little revenue, as the new platform of financing was still in its infancy and had a low uptake. Many local exchanges recorded operating losses and relied on external sources of funding and capital. Despite these losses, surging cryptocurrency prices and trading volumes have since allowed many exchange operators to record a profit. Cryptocurrency exchange revenue is expected to grow at an annualised 0.1% over the five years through 2022-23, to $58.9 million. This includes an anticipated decline of 2.6% in 2022-23.

Cryptocurrency exchange marketplaces primarily provide cryptocurrency exchange services. The cryptocurrency marketplaces include companies that allow consumers and companies to buy and sell cryptocurrencies. Marketplaces exclude companies involved in cryptocurrency mining and providing cryptocurrency investment products like hedge funds, derivatives and savings accounts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

76 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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