A new report states that digital asset trading hit an all-time high in March.
According to information provided CCData, Spot and derivatives trading volume on centralised exchanges rose 92.9% to a new all-time high. The report shares that trading topped $9.12 trillion in March. The market activity coincided with Bitcoin reaching a new all-time high.
Going forward, spot trading volumes continue to outpace the derivatives markets, with volumes rising 108% to $2.94 trillion, the highest monthly figures since May 2021.
Derivatives trading volumes increased 86.5% to $6.18 in March, reaching a new all-time high.
Binance, the largest crypto exchange in the world, saw spot trading jump by 121% to $1.2 trillion in March.
Institutional trading played a big role in the activity as “volumes surged” on the CME.
The CME exchange trading rose 60.6% to $155 billion, another new all-time high for the exchange.
The increase was said to be influenced by the BTC futures, which rose 65.4% to $123 billion in monthly volume.
ETH futures volume traded on the exchange rose 17.8% to $20.1 billion, which is said to be the highest figure for the instrument since November 2021.
