2026-01-08 16:22:12

I recently came across some interesting industry data. A leading trading platform just announced its 2025 performance report, and a few figures really tell the story: global registered users have surpassed 300 million, and the total trading volume for the year reached $34 trillion.

What does this mean? It indicates that the digital asset sector is no longer a niche topic. The continuous growth in user numbers combined with this level of trading volume reflects that cryptocurrency trading's influence within the global financial system is indeed expanding.

Even more interesting is the compliance aspect. The platform has already obtained official operational authorization under the regulatory framework of Abu Dhabi Global Market (ADGM). This is no small feat—compared to traditional finance, it’s akin to obtaining an "entry permit" in an important jurisdiction. Industry experts generally believe that such measures can help mainstream financial institutions eliminate some concerns and pave the way for institutional capital to enter this field.

However, it’s important to clarify that impressive data alone is not enough. The global regulatory system is still evolving rapidly, and policy differences across regions create ongoing compliance costs and operational challenges for cross-border platforms. Additionally, the concentration of trading volume raises questions—Is the market sufficiently deep? How resilient is the risk management? These are tangible issues that need attention.

From another perspective, the release of such strong annual data by top platforms is usually seen as a confidence signal for the entire industry. After all, hard indicators like trading volume and user base don’t lie. But for the industry to truly mature, further refinement is needed in areas such as regulatory adaptation, risk management, and market depth.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
Repost
Share

Comment

0/400

screenshot_gains

· 01-11 11:44

300 million users and 34 trillion in transaction volume sound impressive, but can it really withstand black swan events? --- ADGM played its cards well, but regulatory chaos still exists across regions. The real test has just begun. --- The data looks good, but with such high transaction concentration, what happens if big players suddenly sell off? --- Progress in compliance is a positive sign, but market depth has always been a hidden issue that needs serious attention. --- Another year, another data report. It feels like hype every time, but the fundamental problems remain unresolved. --- The authorization in Abu Dhabi has indeed opened a door, but this is just the beginning. --- 34 trillion sounds great, but is the liquidity really that abundant? Or is it just superficial?

View OriginalReply0

TokenAlchemist

· 01-10 18:22

34 trillion? nah, that concentration risk is giving me liquidation cascade vibes honestly

Reply0

degenonymous

· 01-08 21:12

3.4 trillion? Alright, numbers are indeed impressive, but is this liquidity truly evenly distributed, or is it just piling up at the top? --- Regulatory licenses are definitely a signal, but ADGM is just so-so; the real big moves will have to wait until the US plays out. --- Having 300 million users sounds great, but what about activity levels? Can we see the proportion of zombie accounts? --- Market depth has always been a pain point; even the highest trading volume on a single platform can't make up for it. --- It's a bit early to claim the industry is mature; risk management is still quite shaky. --- If institutional funds were really going to enter on a large scale, they would have done so already; the license isn't the key issue. --- I am optimistic about the future, but it's still too early to say the bottom has formed.

View OriginalReply0

NotSatoshi

· 01-08 16:51

34 trillion might sound impressive, but when you really break down the liquidity depth of centralized exchanges, it's just so-so.

View OriginalReply0

zkProofInThePudding

· 01-08 16:46

340 trillion? I'm serious, this number is a bit scary, feels a bit inflated. 300 million users is okay, but how many are actually actively trading? The ADGM authorization is indeed a milestone, but don't get too excited, policies are constantly changing. Head monopoly has always been a hidden danger, insufficient depth makes risk resistance terrible. Anyone can talk about good-looking data, but the key is whether there's real resilience in winter. Compliance costs are indeed a dead end, multi-country regulations are really annoying. However, if institutional funds really come in, it can truly change the game rules, I agree with that. The story behind the impressive data is the real focus, don't just stare at the numbers. Sounds like you're advertising yourself, but the signal of the signal still needs caution. The real test is still ahead.

View OriginalReply0

MeaninglessGwei

· 01-08 16:28

34 trillion sounds impressive, but the real question is where is this money flowing to, and how much is being used to cut leeks? --- ADGM authorization is definitely a positive, but the key still depends on when institutional funds will truly arrive. --- 300 million users sounds like a lot, but how many are zombie accounts? That's a question mark. --- With such a high trading concentration, trouble is bound to happen sooner or later. You shouldn't just look at surface data. --- The compliance costs are so high, how can small platforms survive? --- The data looks good, but when it comes to liquidity and risk management, it still feels like a black box. --- Institutional funds haven't truly entered the market yet. Don't be fooled by these numbers. --- One platform supporting such a large trading volume across the entire industry—isn't that abnormal? --- Regulations vary so much across regions; cross-border operations will eventually run into trouble. --- Insufficient market depth is a ticking time bomb. What would happen if a wave of liquidations occurs?

View OriginalReply0

CryptoPhoenix

· 01-08 16:26

340 trillion yuan, it indeed sounds captivating and dreamlike, but I still stick to my original point—beautiful data doesn't mean we will live to see it. Rebirth from Nirvana requires surviving first. Have institutional funds really come in? Don't just look at the access permits; see how much is actually flowing in—that's the hard truth. 3 hundred million users sounds impressive, but most people might just buy a few points and then leave. Is the depth enough? I'm worried, to be honest. It's easy to find the bottom range; the hard part is not cutting losses near the bottom, brother. Although this wave shows strong data, I always feel we're still in the buildup stage; the true return of value will take a bit more time. Rebuilding my mindset... Regulation is too complicated. Today a policy, tomorrow another—cross-border operations are really dancing on a minefield. Do you believe in the law of conservation of energy? I do. After falling for so long, it should rise eventually; the only question is when.

View OriginalReply0