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?
![Bitcoin CEX trading volume hits record high in March](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/03/bitcoin-cex-volume.jpg&w=70&h=37&q=75)
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](https://cryptoslate.com/wp-content/uploads/2024/03/bitcoin-cex-volume-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.