4.3 Data and tech services in crypto to hit $50–100B annual revenue within five years.

During the expansion of traditional financial markets, there emerged a significant demand for data standardization and more flexible, intelligent trading systems. Financial data and technology service platforms like Bloomberg were created in response, achieving exponential growth. Currently, leading platforms such as Bloomberg, S&P Global, and Refinitiv generate annual revenues of $13.3 billion, $12.5 billion, and $6.25 billion, respectively.

In traditional financial markets, spending on data and technology services typically accounts for approximately 0.5% of the market’s total size annually. Applying this ratio to the crypto market, we estimate that within the next five years, the annual revenue of the entire market's data and technology services will reach $50 billion.

The annual revenue of the entire market's data and technology services will reach $50 billion within the next 5 years