A Data Brief for Exchange Teams:

The Onchain Trading Opportunity

Onchain trading is no longer a niche market. Decentralized exchanges have matured from clunky early experiements into products that rival the CEX experience and their share of traders is growing. This report lays out what the shift means for exchange revenue, and what leading exchanges are doing about it.

Download the report to find out:

• What recent data about the DEX/CEX spot ratio signal about user behavior and expectations.
• What the growing gap in token coverage means for where users' trading activity, and what this means for exchange revenue.
• How Coinbase Exchange closed that gap by embedding onchain liquidity access inside their existing platform, and what the revenue and retention case looks like for exchanges considering the same approach.