Yes, the Cryptocurrency exchange business is a multi-dollar business.
Cryptocurrency, & blockchain-based applications like DeFi, NFTs are booming exponentially from 2021. The cryptocurrency market is growing with its increasing demands.
These are exact data from coinmarketcap :
Types of Cryptos: 18,337
Number of Exchanges: 468
Total Market Cap: $1,819,264,993,098
Revenues are generated from the following ways:
Deposit Fee
Withdrawal Fee
Trading Fee
Listing Fee
Market Making
IEO, STO, and ICO Fund Raising
Gideonpaul (18-03-2022 12:37:57)