Cryptocurrency exchange volumes surpassed $1 trillion for second month in a row in March
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblockcrypto.com" target="_blank">The Block</a></span></span></span>
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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%).
