Crypto spot derivatives saw an all-time high trading volume in March. According to Bloomberg, spot trade volume increased 108% to $2.94 trillion, the largest monthly amount since May 2021, outpacing the gains in derivatives.
Crypto Spot Derivatives See Higher Trading
According to CCData, although Bitcoin set a record in March, the total volume of cryptocurrency spot and derivatives trading on centralized exchanges nearly doubled to its highest level of $9.1 trillion.
According to CCData’s March Exchange review report, spot trade volume increased 108% to $2.94 trillion, the largest monthly amount since May 2021, outpacing the gains in derivatives. The trade volume on Binance, the biggest crypto exchange in the world, surged to levels not seen since May 2021. Derivatives showed an increase of 89.7% to $2.91 trillion, while Spot saw a 121% increase to $1.12 trillion.
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