According to Odaily Planet Daily, the cumulative monthly spot trading volume of centralized cryptocurrency exchanges more than doubled to $2.48 trillion in March, the first time it has reached this level since November 2021. But it is still 40% lower than the all-time high monthly spot trading volume of $4.2 trillion set in May 2021. Binance currently dominates the monthly spot trading volume, reaching $1.1 trillion in March alone, equivalent to a 45.5% market share. In addition, the monthly trading volume of Bitcoin futures on cryptocurrency exchanges also reached nearly $2.5 trillion in March, an increase of 86% from $1.3 trillion in February to $2.45 trillion.
