Crypto Exchanges in 2022: More Services, More Compliance, and Competition

  • Exchanges plan to expand their offering next year for institutional clients as well as retail clients.
  • New services could be created by PoS cryptoassets.
  • DeFi-based services may also be more popular, as they have the potential to generate higher returns.
  • More exchanges will likely list Web 3.0-related tokens.
  • Disinterested Exchanges in compliance might find themselves becoming increasingly isolated.

More services and features added to the existing offerings

To accommodate the rapid growth of crypto, exchanges plan to expand their offerings in 2019. This is what happened in 2018, but trading platforms anticipate that they will increase their offerings even more in 2022.

Oleksandr Lutskevych is the founder and CEO of CEX.IO. He says the company will continue its growth by offering more services to businesses and institutions that are tailored to them, which could be a greater opportunity than retail.
Prime Liquidity, which debuted in February, is our institutional liquidity solution. It serves asset managers, family offices and banks, as well as OTC (over the counter) desks. He told that we will continue to expand the range of enterprise-grade products.

This exchange will be looking to add more business-to-business services. However, it and other exchanges will also look at bringing consumer services onto its platform.

He said, “For instance, we plan to rollout the CEX.IO Debit Card in 2022, which will further allow consumers to use their crypto holdings for everyday purchases.”

Similarly, Head of Communications Igneus Terrenus stated that the exchange would like to expand its product range in 2022. This could include new airdrops and expanding Wallet 3.0’s compatibility to assets.

He stated that would be rolling out ETH and Bitcoin options. Additionally, more popular tokens will become available in USDC perpetuals […]. “We will be expanding margin offerings, grid trading, and institutional services.” he said.

Another service that we will see more of is Staking. Many trading platforms are likely to offer staking services to users who have compatible coins. This will be amplified by the fact that Ethereum is set to move to a Proof-of-Stake (PoS), consensus mechanism in 2022.

As we saw in 2021 will see, exchanges will continue to list new coins and launch new trading services (margins, derivatives, options, etc.) as well as new consumer products like cards, payments. This will allow them to keep up with the changing crypto world and help them compete against the emerging fintech sector.

Web 3.0, NFTs, DeFi

DeFi is another 2021 exchange trend, which will continue into 2022. Central exchanges are looking to once again defeat the challenge of decentralized alternatives like and Uniswap.

“Gartner analysts predict that decentralized finance is eligible for enterprise adoption in the next year, subject to clarity on regulatory guidance. Lutskevych stated that if this is the case, traditional, central financial institutions could accept maturing applications and integrate them with blended CeDeFiofferings.

DeFi-based services with higher returns and associated risks will also gain popularity, according to him.

DeFi, for Igneus Terrenus could revolutionize both crypto-based financial systems and legacy financial system alike. This will require exchanges to adapt.

“Some 30% of people around the world don’t have access to the banking system. The more serious situations in developing countries are often ignored.” DeFi dramatically lowers the barrier of entry for the average person. It removes physical restrictions and provides an alternative for those who are underbanked to obtain loans without credit scores and leverage collaterals.” he stated.

The emerging area of is related to DeFi, where DeFi capabilities and NFT are harnessed through new internet-based platforms, applications, and sites.

We’ll see more exchanges listing Web 3.0-related tokens. This is a good thing considering that they have already seen a rise in their popularity (e.g. PARSIQ, Handshake and Near Protocol (NEAR) this calendar year.

More regulation and compliance

We’re likely see new regulations and laws regarding cryptoassets in many of the most advanced countries, as 2021 is one of the best years for crypto. This means that exchanges will spend a lot of 2022 to ensure compliance with the new regimes.

“We are currently seeing national governments becoming more active in the drafting crypto legislation. These bills force market participants to comply with tax reporting requirements, follow regulations against money launder, and adopt transparent, truthful marketing messaging,” Oleksandr Lutskevych said.

Although some rules may seem strict, he says they will protect investors as well as provide a legal framework that allows consumers and businesses to collaborate. They will also help exchanges grow.

To ensure the balance of new guidelines and rules, exchanges will need active engagement with regulators 2022 before clear regulations are issued.

“Meaningful dialogs must occur between regulators, participants, and crypto exchanges’ customers. Igneus Terrenus stated that if such dialogues could be held in the coming year, it would be a good sign for any exchange that is truly serious about business.

Terrenus recognizes that sensible regulations are essential and constructive in the long-term to address the growing pains in a booming sector. He anticipates that next year, exchanges with regulators will become a reality.

Opportunities and challenges

In 2022, exchanges will be focusing more on ensuring that their platforms can handle rising traffic and demand. This was a problem we witnessed repeatedly in 2021 with even the Currency, and Binance (two largest exchanges in the world), experiencing repeated outages. Read more: The scale of crypto exchanges is increasing, but outages are likely to remain a fact of life

Bybit will continue to upgrade its platform in 2022.

Terrenus stated that “We are taking another leap up from a current system that boasts self-recovery in seconds and negligible disruptions in 2021.”

The 2022 exchange trend will be magnified by the increasing number of fintech platforms and apps. They will look to be more competitive with them, particularly if other fintechs take Paypal’s lead when it comes to launching cryptocurrency services.

Crypto exchanges will face a significant challenge from multinational fintech companies, but they also have the potential to offer a solution if new customers are looking for sophisticated trading products on crypto exchanges.

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