Building a Profitable Centralized Crypto Exchange — Insights from $6.4 Trillion Trading Volume in Q4 | by Elsamarie | The Capital | Feb, 2025
Bill Gates once said, ‘Bitcoin is a technological tour de force.’ To make this quote true, cryptocurrency has grown from something unknown to something people and businesses trust. The success of centralized crypto exchanges (CEXs) in the last part of 2024 shows how much people are investing in digital currencies.
With $6.4 trillion in trading volume in Q4 alone, CEXs are not just doing well. They’re leading the way for the future of the crypto industry. If you’ve planned to start your own exchange by contacting a centralized crypto exchange development company, it is the perfect time.
A report by CoinGecko shows that the top ten CEXs increased their trading volumes by an impressive 111.7% in Q4 2024. Eight of these ten exchanges more than doubled their trading volumes. Upbit stood out with over 300% growth, while Coinbase and Crypto.com grew by more than 150%. It shows a big rise in trading activity.
People trust CEXs because they are secure, easy to use, and offer good customer support. These qualities attract both beginners and experienced traders. The high trading volumes mean it’s easier for people to buy and sell without prices changing too much.
Many CEXs offer extra features like staking, futures trading, and easy ways to exchange crypto for traditional money. By following rules and regulations, centralized exchanges have earned the trust of governments and big businesses, making them more legitimate.
Inspired by the success of Binance, Crypto.com, or Upbit? Let’s see the simple guide to building your own profitable CEX. To begin this process, study the market carefully, what other exchanges are doing, and where you can do better.
Next, your exchange should have basic features such as an easy-to-use interface, strong security, high liquidity, a variety of trading pairs, and advanced tools like charts and data for traders. To make your product unique, add special features like staking, lending, or referral programs.
Then the liquidity, top-rated security, and following rules, and regulations can make your businesses safe and build trust with users. Finally don’t forget to create a strong brand by running smart marketing campaigns, engaging on social media, and partnering with other businesses.
The crypto market’s biggest growth in Q4 2024 explains how much potential it has. Binance alone reported $1 trillion in spot trading volume in December, while Crypto.com became a strong competitor with $757.8 billion in Q4 trading volume. These numbers show that people trust and use centralized exchanges more than ever.
The rise in trading volumes also matches the growing value of cryptocurrencies and increased interest from big businesses. As more people use digital assets, the demand for secure and feature-rich exchanges will only grow. By starting a CEX now, you can use this growing market to make profits.
Building an exchange is the first step, but making it profitable requires a good plan. As an entrepreneur, you can use the below revenue streams to earn more in this billion-dollar industry.
- Transaction Fees: Charge a small fee for trading, withdrawing, and depositing. A tiered fee structure can attract traders who trade a lot.
- Listing Fees: Earn money by adding new tokens and projects to your platform.
- Premium Features: Offer advanced tools or data analytics as part of a paid subscription.
- Staking and Lending: Let users earn passive income by staking or lending their crypto, and take a small fee for providing these services.
- Affiliate Programs: Encourage users to bring in more traders by offering rewards for referrals.
- Market-Making: Act as a market maker to provide liquidity and earn profits from the difference in buying and selling prices.
The record-breaking $6.4 trillion trading volume achieved by centralized crypto exchanges in Q4 is a clear sign of their importance in the crypto world. A P2P crypto exchange which is developed by a P2P crypto exchange development company facilitates direct transactions between users without intermediaries, leveraging blockchain technology. Unlike centralized exchanges, it emphasizes user autonomy, privacy, and reduced fees. With careful planning, the right technology, and smart strategies, you can build a successful and profitable CEX. A centralized crypto exchange development company can build a secure and easy-to-use exchange.
