Binance's spot trading volume has soared to its highest level since May 2021, hitting $1.12 trillion in March, a 121% increase. This follows seven months of steady growth and a $4.3 billion settlement with the U.S. Department of Justice. Binance's derivatives trading volumes also rose by 89.7% to $2.91 trillion, marking their highest levels since May 2021. The exchange now accounts for 38.0% of the spot trading volumes on centralized exchanges (CEXs). Meanwhile, the combined spot and derivatives trading volume on CEXs hit a new all-time high of $9.12 trillion in March.