Bitcoin Exchange Revenue Analyzer

Start with your institution

Search any US bank or credit union to auto-fill the model with their latest call report deposits. You can adjust every other input afterwards.

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Model Inputs

Or pick an Archetype

Customer Base

Total Deposits $1.00B

$100M$50B

Avg Deposits per Customer $25,000

Used to estimate customer or member count. Credit unions typically run $15k–$25k; community banks $25k–$60k.

$5k$100k

Estimated Customers 40,000

Derived from deposits divided by average balance.

Adoption

% of Customers Who Buy 5.0%

Bank-customer adoption surveys typically report 5%–15% intent. Pilots have come in lower; 1%–5% is a conservative starting range.

0.5%30%

Avg First Purchase $2,000

$100$20k

Annual Turnover Multiplier 1.5×

1× treats the first purchase as buy-and-hold. 2× means each dollar bought is also sold within the year.

1.0×6.0×

Fee Economics

Fee per Side 1.00%

Charged on each buy and each sell. Bank-channel pricing typically lands in the 0.50%–1.50% range.

0%3%

Liquidity Provider Spread 0.30%

Pass-through cost paid to your BTC liquidity provider on each side. Bank-channel wholesale quotes typically run 0.20%–0.50%.

0%1.5%

Per-Transaction Cost $0.25

Tech, processing, and travel-rule overhead per buy or sell.

$0$2.00

Custody Revenue (Optional)

Include custody / AUC revenue

% of Buyers Holding with Bank 60%

Share of adopters who keep BTC in the bank's custody rather than self-withdrawing.

0%100%

Custody Fee (annualized) 0.25%

Annual AUC fee on customer-held bitcoin balances.

0%1.0%

Time Horizon

Bitcoin Spot Price $95,000

Affects BTC unit conversion only. Does not change USD volume or USD revenue.

Key assumption: Headline metrics show steady-state (terminal adoption). The multi-year chart adds an onboarding ramp, defaulting to 50% / 85% / 100% / 105% / 110% of terminal adoption across years 1–5.

Customers Adopting

2,000

of 40,000 estimated

Annual Volume (USD)

$6.00M

Buys + sells combined

Bitcoin Bought

42 BTC

First-purchase volume

Net Annual Revenue

$22.5K

— bps of deposits

Revenue Build-Up (steady state)

Multi-Year Projection

Exchange fees

Custody / AUC

—

Net Revenue by Adoption Rate

% of customers who buy bitcoin

Revenue Composition (steady state)

Exchange (net): $20.0K (89%)

Custody: $2.5K (11%)

Custody adds an annuity-like revenue stream that compounds with held balances.

Sensitivity: adoption rate × avg first purchase (steady-state, net)

Model Assumptions & Notes

Volume vs. revenue. Annual volume is total buy + sell flow. Fee per side applies once to each side.

Customer count is estimated. Bank call reports do not disclose customer counts; the model derives them from total deposits divided by average balance.

Liquidity costs are pass-through. The LP spread reduces gross fees on each side. Per-transaction cost covers tech and processing.

Custody is optional. Custody revenue applies only to the share of adopters who keep their bitcoin in the bank's custody.

No price speculation. Bitcoin price affects the BTC-denominated number only; it does not change USD volume or USD revenue.

Multi-year ramp. Year 1 reflects 50% of terminal adoption to model onboarding. Years 2–5 ramp to 85% / 100% / 105% / 110% of terminal.

Illustrative scenario modeling. Inputs are user-controlled and do not constitute a forecast or financial advice. Institution data is sourced from FDIC BankFind Suite (banks) and NCUA Quarterly Call Report Data (credit unions).

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