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According to data presented by CryptoPresales.com, crypto exchanges are expected to reach 922 million users in 2025, up 36 million in a single year. With this pace of growth, the market could reach over one billion users in 2027.

The number of crypto traders to double in just five years

Over the past eight years, the crypto market has weathered several brutal selloffs, often triggered by regulatory actions, exchange collapses, or broader macroeconomic shocks. From the 2018 post-ICO crash that wiped 84% off Bitcoin's value, to the March 2020 "COVID crash" that halved prices in just two days. In mid-2021, China's mining ban and U.S. regulatory fears sent Bitcoin tumbling from $64,800 to $29,000, while 2022's "crypto winter", fueled by the Terra/Luna collapse and later FTX collapse, dragged it down to $15,500. But despite all these headwinds, setbacks, and challenges, the number of people trading on crypto exchanges has never stopped growing.

According to a Statista survey, between 2020 and 2022, a period that includes three out of the last four major crypto market crashes, the number of people trading on crypto exchanges quadrupled, soaring from around 100 million to roughly 428 million. A year later, this figure jumped to over half a billion, but the real surge came in 2024, when more than 300 million new users flocked to crypto exchanges.

While 2025 is expected to see only a fraction of that growth, the market is still on track to add 36 million new traders (up 4.1% year-over-year), with their total number rising to 922 million. Statista projects 2026 to follow a similar pace with a 4.3% increase and 40 million new users, pushing the global crypto exchange user base to 962 million. If this trend continues, using an average growth rate of 4.25% suggests the market could top one billion users by 2027, doubling in size in just five years.

A market with one billion users and over $100bn in revenue

This record number of crypto traders is projected to push crypto exchange revenue to all-time highs. According to Statista estimates, exchanges will close 2025 with $85.7 billion in revenue, up 6.2% year-over-year and beating the earlier forecasts of a 20% drop. However, 2026 will bring an even bigger growth, with revenues climbing 11% to $95.1 billion, marking a $10 billion increase in just two years. Based on the average growth rate of the past two years (8.6%), the crypto exchange market is on track to become a $100 billion industry in 2027.