Programmatic Display
2,394 Conversions and 373% ROI for a Leading Centralized Crypto Exchange
Overview
Client
Channels:
Market:
primary kpi:
The Data

The Challenge
The Challenge
The crypto market moves fast, and so do user acquisition costs.
For exchanges looking to grow, attracting new users isn't usually the problem. The real challenge is acquiring the right users at a cost that makes sense.
Our client wanted to scale user acquisition across Europe while maintaining profitability. The objective wasn't simply to drive more traffic - it was to generate more conversions and maximise return on ad spend.
Our Approach
Our Strategy
Instead of focusing on volume alone, we focused on identifying where the highest-quality users were coming from and allocating budget accordingly.
Focusing on High-Intent Audiences
Not every audience interested in crypto is ready to take action.
We continuously analysed performance across different audience segments, placements, and markets to identify users with the strongest conversion potential.
Budgets were shifted toward the segments generating the best results, while lower-performing inventory was reduced or removed.
Improving Traffic Quality
In performance marketing, traffic quality matters more than traffic volume.
We prioritised inventory that consistently generated conversions and reduced spend on placements that produced clicks but little meaningful action.
This allowed us to improve efficiency while maintaining scale.
Creative Optimisation
Crypto audiences respond differently depending on market conditions, platform familiarity, and experience levels.
To find what resonated best, we tested multiple creative concepts focused on:
Platform trust and security
Ease of onboarding
Trading opportunities
Market access
User experience
Winning creatives were scaled quickly, while underperforming concepts were replaced with new variations based on real conversion data.
Performance Enhancement
The campaign was continuously refined throughout the month.
Audience targeting, bidding strategies, placement selection, and creative performance were reviewed regularly to ensure budget remained focused on the highest-performing opportunities.
Rather than relying on assumptions, every optimisation was driven by actual conversion performance.
Concept
What Made the Difference
The campaign performed well because we focused on quality over volume.
Instead of chasing clicks, we focused on attracting users who were genuinely interested in opening and using a crypto exchange account.
By continuously refining targeting, traffic quality, and creative messaging, we were able to increase conversion volume while maintaining strong acquisition efficiency.
The result was a profitable user acquisition strategy that generated nearly €95,000 in revenue from just over €20,000 in media spend.
Outcome
The Results
February 2026
2,394 conversions generated
€94,683.26 revenue generated
€20,011.80 media spend
373.14% ROI
€8.36 eCPA
€0.34 eCPM
€0.76 eCPC
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