Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded.
This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in March.
The indicator has been on the rise for three consecutive months, with mid-March being the most successful in terms of trading volume.
The derivatives market also experienced significant growth, with trading volumes increasing by 32.6% to $2.77 trillion.
Cryptocurrency derivatives now hold a record 72.7% share of trading volume, up from 69% in February.
Binance is the leading exchange in the derivatives market, with contracts worth $1.77 trillion (+33.9%) traded on the platform.
OKX occupies the second position with a result of $427 billion (+38.4%).
However, CME regulated exchange saw only $47 billion in trading, with $36 billion in Bitcoin futures and $11 billion in Ethereum futures. Despite this, it is the best indicator since May 2022.
In February, the total trading volume was $3.4 trillion, with $919 billion accounted for spot trading and $2.5 trillion for derivatives trading.