All major centralized exchanges saw growth in their futures trading volumes at the end of March, with Bitfinex and Deribit seeing triple-digit percentage gains, while Bitget (BGB)reported Q1 futures trading volume of $658 billion.
Trading volumes surge in March
Crypto exchanges’ futures trading volumes recorded a surge in March. Exchanges Bitfinex and Deribit recorded the highest increase in futures trading volume vs. February at 122.7% and 111.8%, respectively, reaching over $3 billion and $27 billion, according to WuBlockchain data.
In the meantime, the leading exchange Binance recorded a 47.7% growth in futures trading volume in March, surpassing $1.75 trillion. Bitget recorded a 20.6% increase in March vs. February to reach $248 billion in futures trading.
Bitget’s futures trading volume at the end of the first quarter, $685 billion, reflects a 27% increase quarter over quarter.
When it comes to spot trading volumes, Gate.io and Bybit took the lead in expansion by recording 116
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