CEX monthly spot trading volume doubled in March to $2.48 trillion

Odaily News The cumulative monthly spot trading volume of centralized cryptocurrency exchanges more than doubled in March to $2.48 trillion, the first time it has reached this level since November 2021. But it is still 40% below the all-time high monthly spot trading volume of $4.2 trillion set in May 2021. Binance currently dominates monthly spot trading volume, reaching $1.1 trillion in March alone, equivalent to a 45.5% market share. In addition, the monthly trading volume of Bitcoin futures on cryptocurrency exchanges also reached nearly US$2.5 trillion in March, an increase of 86% from US$1.3 trillion in February to US$2.45 trillion. (TheBlock)