Bloomberg estimates daily revenues of cryptocurrency exchanges at millions of dollars

Based on trading volumes provided by CoinMarketCap and data from trading platforms, the agency concluded that the top 10 cryptocurrency exchanges earn at least $3 million per day, and therefore $1 billion per year.

For calculations, we took the commission sizes of the lowest range. In fact, these data cannot be called accurate, since it is almost impossible to know exactly how much the exchanges, which are controlled by a narrow group of shareholders, charge. However, one thing is clear - the boom in cryptocurrency and commissions is bringing huge capital to companies.

It is most likely that the Binance exchange earns more than all other exchanges, since the commission size is 0.2% and it can process 1.4 million orders per second. The exchange began operating in July last year and is one of the most popular at the moment. Close on the heels of Binance is OKEx, whose commission is 0.07%.

The next place in the ranking is occupied by Huobi, Bitfinex, Upbit and Bithumb. The average commission on these Asian exchanges is 0.3%. According to Aelf, a smart contract platform, half of global crypto trading occurs on Asian exchanges. This is understandable, since there are many miners here, and Asian youth are quickly mastering modern technologies and the gaming culture is developed.

Bloomberg also says that Asian companies working with digital currencies are literally forced to become global, since there is strict regulation of cryptocurrencies in China and South Korea. 

If we talk about the South Korean exchange Upbit, which is in the top 5 of the Bloomberg rating, it is important to note that it is quite young and has only been operating since October last year. The site is controlled by Dunamu, the owner of the very popular Kakao Talk messenger in South Korea.

Now Upbit functionality is integrated into Kakao Talk and makes it possible to work with more than one hundred digital currencies thanks to a partnership with Bittrex.

All cryptocurrency platforms are private property, so some of them simply do not provide any information about their financial status to agencies and the media. These exchanges include: Bit-Z, WEX and EXX and HitBTC.

According to https://www.bloomberg.com