March saw a surge in digital asset trading activity on centralised exchanges, with the total trading volume for spot and derivatives jumping by 92.9% to reach a record $9.12 trillion.

Key Takeaways

• Spot and derivatives trading volume on centralised exchanges rose 92.9% to a new all-time high of $9.12tn in March, coinciding with Bitcoin reaching a new all-time high.
  
• Binance’s spot trading volume rose 121% to $1.12tn in March, recording the highest spot volumes on the exchange since May 2021.
  
• In March, the derivatives trading volume on the CME exchange rose 60.6% to $155bn, recording a new all-time high for the exchange.