{
  "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. Parent-industry AOV benchmark shown as a separate reference.",
  "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": "No publishable AOV benchmark is available for this category. Parent and sibling benchmarks are not substituted.",
    "read_at": "2026-10-11T14:08:03.549255+00:00",
    "period_label": "No publishable aggregate",
    "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": "Which AOV benchmark is shown?",
      "text": "The reference benchmark is for Financial Services & Fintech.",
      "context": "Parent industry benchmark. Snapshot read 11 October 2026.",
      "url": "https://madgicx.com/labs/industries/financial-services-fintech/crypto-exchanges#answer-benchmark-status",
      "citation": "Madgicx Research & Labs. Crypto Exchanges. Which AOV benchmark is shown? The reference benchmark is for Financial Services & Fintech. Parent industry benchmark. Snapshot read 11 October 2026. Source: https://madgicx.com/labs/industries/financial-services-fintech#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#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. Credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope.",
      "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. Credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope.  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": "Credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope.",
      "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? Credit Madgicx Research & Labs and link to the exact source. Keep its snapshot date and scope.  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"
    }
  ],
  "parent_benchmark_reference": {
    "scope": "parent_industry",
    "parent_slug": "financial-services-fintech",
    "parent_name": "Financial Services & Fintech",
    "source_url": "https://madgicx.com/labs/industries/financial-services-fintech#benchmark",
    "benchmark": {
      "status": "verified_aggregate",
      "slug": "financial-services-fintech",
      "parent_slug": null,
      "cohort_scope": "root_and_children",
      "median_aov_usd": 23.15,
      "p25_aov_usd": 0.64,
      "p75_aov_usd": 129.51,
      "metric_window": null,
      "scope_label": "Equal-weight AOV benchmark",
      "methodology": "Median and middle 50% of observed account-level average order values in USD, with each account weighted equally. Use this range as a comparison, not a profitability measure.",
      "read_at": "2026-10-11T14:08:03.549255+00:00",
      "period_label": "Dated snapshot",
      "citation": "Madgicx Research & Labs. Financial Services & Fintech account AOV: median $23.15; middle 50% $0.64 to $129.51. Snapshot read 11 October 2026. https://madgicx.com/labs/industries/financial-services-fintech#benchmark",
      "source": {
        "name": "Madgicx Research & Labs",
        "url": "https://madgicx.com/labs/industries/financial-services-fintech#benchmark"
      }
    },
    "citation": "Madgicx Research & Labs. Financial Services & Fintech account AOV: median $23.15; middle 50% $0.64 to $129.51. Snapshot read 11 October 2026. https://madgicx.com/labs/industries/financial-services-fintech#benchmark"
  }
}