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Bitcoin CEX trading volume hits record high in March Bitcoin CEX trading volume hits record high in March

Bitcoin CEX trading volume hits record high in March

Bitcoin's March volatility was mirrored by a surge in trading activity, with Binance accounting of over half of the CEX trading volume.

Bitcoin CEX trading volume hits record high in March

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin's trading volume on centralized exchanges has skyrocketed to heights not seen since May 2021. From September 2023 to late March 2024, the volume leaped eightfold, paralleling a dramatic price rally from $34,667 to a staggering $73,000. Yet, despite a price correction, the trading fervor refused to wane. How has this powerhouse managed to capture and sustain such a significant share of the market, and what does this mean for the broader crypto ecosystem?