{
  "name": "Crypto Exchanges",
  "edition_label": "October 2026",
  "edition_updated_at": "2026-10-11",
  "slug": "crypto-exchanges",
  "kind": "subcategory",
  "parent_slug": "financial-services-fintech",
  "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges",
  "scope": "Category research. No publishable AOV benchmark is available.",
  "directory_status": "deferred",
  "page_readiness": "published",
  "directory_notice": null,
  "benchmark": {
    "status": "unavailable_insufficient_cohort",
    "slug": "crypto-exchanges",
    "parent_slug": "financial-services-fintech",
    "cohort_scope": "exact_child",
    "median_aov_usd": null,
    "p25_aov_usd": null,
    "p75_aov_usd": null,
    "metric_window": null,
    "scope_label": "The exact category cohort does not support a publishable AOV aggregate.",
    "methodology": "Median and middle 50% of account-level average order values. Each account value is purchase ROAS multiplied by cost per purchase in USD. Successful classifications, including manual corrections, with positive finite spend, purchases, ROAS and cost per purchase. Accounts are counted once with equal weight. Quartiles use linear interpolation. Root cohorts include direct root classifications and their child categories; exact-child cohorts exclude parent and sibling categories. The source selects the highest-spend coverage row per account among snapshots dated within the preceding 30 days; the underlying reporting period is not supplied. This is a dated aggregate advertising-data snapshot, not business-wide AOV or a census.",
    "read_at": "2026-10-11T14:08:03.549255+00:00",
    "period_label": "No publishable aggregate; underlying reporting period not supplied",
    "citation": "Madgicx Research & Labs. Crypto Exchanges: no publishable AOV benchmark. The exact category cohort does not support a publishable AOV aggregate. Status reviewed 2026-10-11T14:08:03.549255+00:00. https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#benchmark",
    "source": {
      "name": "Madgicx Research & Labs",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#benchmark"
    }
  },
  "metric_definitions": [],
  "metric_definitions_scope": "Definitions only; no ACV, MRR or ARPU benchmark or measured correlation is supplied.",
  "brands": null,
  "answers": [
    {
      "group": "In this category",
      "id": "answer-financelegalgambling1-crypto-exchanges-1",
      "question": "Can a Coinbase UK signup campaign count registration as permission to trade?",
      "text": "Coinbase's UK signup guide separates application completion from identity verification, payment-method linking, investor self-certification and an appropriateness assessment. Only customers passing the assessment can buy or trade. Suggested measurement: keep registration distinct from trading permission in this UK provider example.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-1",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Can a Coinbase UK signup campaign count registration as permission to trade? Coinbase's UK signup guide separates application completion from identity verification, payment-method linking, investor self-certification and an appropriateness assessment. Only customers passing the assessment can buy or trade. Suggested measurement: keep registration distinct from trading permission in this UK provider example.  Source: https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-1",
      "source_url": "https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account"
    },
    {
      "group": "In this category",
      "id": "answer-financelegalgambling1-crypto-exchanges-2",
      "question": "Does Coinbase's UK onboarding allow trading immediately after signup?",
      "text": "Coinbase's UK guide requires a 24-hour waiting period after signup under the UK financial-promotions rules. Its assessment and verification checks are additional stages. A campaign promising immediate access would omit this provider's UK onboarding conditions.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-2",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Does Coinbase's UK onboarding allow trading immediately after signup? Coinbase's UK guide requires a 24-hour waiting period after signup under the UK financial-promotions rules. Its assessment and verification checks are additional stages. A campaign promising immediate access would omit this provider's UK onboarding conditions.  Source: https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-2",
      "source_url": "https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account"
    },
    {
      "group": "In this category",
      "id": "answer-financelegalgambling1-crypto-exchanges-3",
      "question": "What documentation boundary belongs beside a Coinbase UK application offer?",
      "text": "The UK guide requires an adult applicant, supported government photo identification and an SMS-capable phone. It also describes tax-residency and TIN reporting beginning 1 January 2026, with a regional equivalent where applicable. These are Coinbase's stated UK-flow requirements, not a universal exchange checklist.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-3",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. What documentation boundary belongs beside a Coinbase UK application offer? The UK guide requires an adult applicant, supported government photo identification and an SMS-capable phone. It also describes tax-residency and TIN reporting beginning 1 January 2026, with a regional equivalent where applicable. These are Coinbase's stated UK-flow requirements, not a universal exchange checklist.  Source: https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-3",
      "source_url": "https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account"
    },
    {
      "group": "In this category",
      "id": "answer-financelegalgambling1-crypto-exchanges-4",
      "question": "Does a free Coinbase account mean every exchange transaction is free?",
      "text": "Coinbase's UK guide says creating or maintaining an account has no fee. Its separate fee explainer describes payment-method-dependent cash fees, variable trading fees and a spread on simple trades; fees and spread appear in the preview. Availability varies by region. Suggested measurement: distinguish account creation from a priced transaction.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-4",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Does a free Coinbase account mean every exchange transaction is free? Coinbase's UK guide says creating or maintaining an account has no fee. Its separate fee explainer describes payment-method-dependent cash fees, variable trading fees and a spread on simple trades; fees and spread appear in the preview. Availability varies by region. Suggested measurement: distinguish account creation from a priced transaction.  Source: https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-financelegalgambling1-crypto-exchanges-4",
      "source_url": "https://help.coinbase.com/en-gb/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account"
    },
    {
      "group": "Category research",
      "id": "answer-benchmark-status",
      "question": "Is an AOV benchmark available for this category?",
      "text": "No publishable AOV benchmark is available.",
      "context": "The exact category cohort does not support a publishable AOV aggregate. Parent and sibling benchmarks are not substituted.",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-benchmark-status",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Is an AOV benchmark available for this category? No publishable AOV benchmark is available. The exact category cohort does not support a publishable AOV aggregate. Parent and sibling benchmarks are not substituted. Source: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#benchmark Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-benchmark-status",
      "source_url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#benchmark"
    },
    {
      "group": "Use this research",
      "id": "answer-download-research",
      "question": "Can I download this industry research?",
      "text": "The exports section provides this edition in Markdown and JSON, along with a research index. This private draft is not licensed for public redistribution.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-download-research",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Can I download this industry research? The exports section provides this edition in Markdown and JSON, along with a research index. This private draft is not licensed for public redistribution.  Source: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#reuse Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-download-research",
      "source_url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#reuse"
    },
    {
      "group": "Use this research",
      "id": "answer-cite-research",
      "question": "How should I cite a finding from this page?",
      "text": "When reuse is permitted, credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope. This private draft is not licensed for public redistribution.",
      "context": "",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-cite-research",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. How should I cite a finding from this page? When reuse is permitted, credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope. This private draft is not licensed for public redistribution.  Source: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#reuse Answer: https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-cite-research",
      "source_url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#reuse"
    }
  ]
}