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. 

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%).