Bitcoin CEX trading volume hits record high in March

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Bitcoin CEX trading volume hits record high in March Bitcoin CEX trading volume hits record high in March Andjela Radmilac · 4 hours ago · 2 min read

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

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Updated: Mar. 25, 2024 at 3:15 pm UTC

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?

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