Cryptocurrency trading volume exceeded $1 trillion for the second month in a row in March
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Answer Cryptocurrency trading volume exceeded $1 trillion for the second month in a row in March
Cryptocurrency trading volumes topped $1 trillion last March, the second month in a row that the volume reached thirteen figures.
According to the data collected by the siteBloc“The spot volume for March was $1.17 trillion.
This is down 5% from the record volume and the all-time high recorded in February at $1.23 trillion.
An analysis of crypto trading volume in March shows that 65% of it came from Binance, 18% from Huobi, and 15% from OKEx.
The total volume of fiat currencies for the month of March was 406.51 billion dollars.
Read:Rio de Janeiro will allow taxes to be paid using crypto from 2023
The three largest platforms supporting the trading of cryptocurrencies in exchange for fiat currencies were:
- Coinbase accounted for 22% of the trading volume.
- Upbit by 21%.
- Kraken platform by 11%.
The significant increase in the activity and volume of cryptocurrency trading in the past two months (February, March) is due to the rise of Bitcoin and most altcoins to record levels.
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