Cryptocurrency exchange volumes surpassed $1 trillion for second month in a row in March

Crypto exchange volumes surpassed $1 trillion in March — the second consecutive month that volumes have reached thirteen figures.

According to data compiled by The Block, spot trading volumes for March totaled $1.17 trillion. That’s a 5% decrease from February’s all-time high volume of $1.23 trillion. 

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A breakdown of March’s crypto-only exchange volumes shows that 65% of it came from Binance, 18% from Huobi, and 15% from OKEx. 

March’s total for fiat exchange volumes was $406.51 billion. The top three crypto exchanges with fiat support were Coinbase (with 22% of the volume), Upbit (21%), and Kraken (11%). 

 

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.