Crypto Trading Volume Reached All-Time High During March Rally
- Spot trading volume doubled to $2.94 trillion in March: CCData
- Binance saw its largest yearly gain in spot, researcher says
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The combined volume of crypto spot and derivatives trading on centralized exchanges almost doubled to an all-time high of $9.1 trillion in March while Bitcoin reached a record, according to a CCData.
Spot trading outpaced the gains seen in derivatives, with volume rising 108% to $2.94 trillion, the highest monthly figure since May 2021, CCData’s March Exchange review report said. Binance, the world’s largest crypto exchange, saw trading volume reach the highest since May 2021, with spot jumping 121% to $1.12 trillion and derivatives increasing 89.7% to $2.91 trillion.