{"id":3368,"date":"2024-11-27T14:16:24","date_gmt":"2024-11-27T14:16:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3368"},"modified":"2024-11-27T14:16:24","modified_gmt":"2024-11-27T14:16:24","slug":"behind-the-numbers-the-real-market-value-of-leading-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3368","title":{"rendered":"Behind The Numbers: The Real Market Value Of Leading Crypto Exchanges"},"content":{"rendered":"
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Calculation of top cryptocurrency exchanges’ market capitalisation and virtual value.<\/strong><\/p>\n

Have you ever wondered how much your favourite crypto exchange is really worth?\u00a0<\/p>\n

The majority of crypto operators are non-public, i.e., they are not listed on stock. Nevertheless, there is but one crypto exchange, whose net worth is publicly available \u2013 Coinbase.\u00a0<\/p>\n

This leads to a logical question: can the worths of other exchanges be calculated in relation to Coinbase’s, since its value is known?<\/p>\n

For the first time ever, the analysis is diving deep into the approaches to answer this burning question, using pure arithmetical evaluation and a full-fledged estimate of both tangible and intangible metrics.<\/p>\n

Disclaimer: the article is presenting a possible logic that may or may not be utilised in calculating the exchanges’ virtual capitalisations. While based upon verified data, Coinbase is discussed and compared to performance of non-public excanges, with extensive market speculation throughout, hence, the results of the calculation do not represent the factual exchanges’ market capitalisation and value.\u00a0<\/em><\/p>\n

Note: the data below, as well as the basis for the Exchanges’ Trust and Value Index, is relevant as of November 20, 2024.<\/em><\/p>\n

Ratioed Evaluation of Exchange’s Virtual Capitalisation<\/strong><\/h3>\n

As of November 20, 2024, the market cap of Coinbase totalled<\/a> $81.26 billion.\u00a0<\/p>\n

One of the approaches to attempt a calculation of a metric that is proposed to be entitled as the cryptocurrency exchange’s Virtual Capitalisation \u2013 counting up ratios for the core exchange’s metrics that best represent its net worth in comparison with Coinbase:\u00a0<\/p>\n