- Exchanges saw a $2.48T volume for March, a 134.1% gain from February.
- Binance led the charge by recording a volume of over $1.14 trillion in March.
- The $1.15T volume Binance recorded is more than seven times Coinbase’s figure.
Major centralized crypto exchanges have witnessed staggering growth in spot trading volume over the past month, fueled by the ongoing bull market. Prominent Chinese reporter Colin Wu recently compiled the figures for the trading volume the top 13 centralized exchanges witnessed.
According to the report, the spot trading volume for March was an average 134% increase over the figures for February. Meanwhile, the derivatives market volume witnessed a 47% gain month-over-month.
CEX Data Report for March: Spot trading volume on major exchanges increased by a huge 134% month-on-month in March. Derivatives trading volume on major exchanges increased by 47% MOM in March. Read more https://t.co/AUnGeNNFFW pic.twitter.com/onhY0ZWeFg— Wu Blockchain (@WuBlockchain) April 10, 2024
Expectedly, the most prominent trading platform, Binance, led the charge in terms of volume. In particu…
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