March 28, 2024

Cryptocurrency trading volume exceeds $ 1 trillion for the second month in a row

Cryptocurrency trading volume exceeds $ 1 trillion for the second month in a row

According to data aggregator Crypto Compare, over the past 2 months, spot trading volumes on cryptocurrency exchanges have exceeded $ 1 trillion for the second month in a row.

The analysis of transactions showed that in March, digital assets in the amount of $ 1.17 trillion passed from hand to hand, which is 5% less than the February $ 1.23 trillion.

The leading position continues to be held by the Binance exchange, which accounted for 65% of the total trading volume last month.The second place with 18% was taken by Huobi, and the third place was taken by OKEx with 15%.

Cryptocurrency trading volume exceeds $ 1 trillion for the second month in a row

The volume of exchanges involving fiat in March amounted to $ 406.5 billion. The top three included Coinbase (22% of the volume), Upbit (21%) and Kraken (11%).

Despite high turnover rates, the data shows that most investors do not sell bitcoins, expecting further appreciation.

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