Cryptocurrency trading volume exceeded 1 trillion dollars (about 1,129 trillion won) in March, which is the second consecutive month. The Block reported this on the 3rd (local time).
According to the data compiled by The Block, the total amount of spot trading in March was $1.7 trillion. This is a 5% decrease from February’s record high of $1.23 trillion.
Looking at the trading volume of the cryptocurrency exchange in March, 65% came from Binance, 18% came from Huobi, and 15% came from OKEX.
The trading volume of the fiat currency exchange in March was $46.51 billion. The top three cryptocurrency exchanges that support fiat currency were Coinbase (22% of trading volume), Upbit (21%), and Kraken (11%).
(Crypto exchange volumes surpassed $1 trillion in March — the second consecutive month that volumes have reached thirteen figures.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.