The cryptocurrency industry broke the record for the number of crypto asset sales in March

According to the CCData analytical platform, trading volumes on centralized cryptocurrency exchanges reached $ 3.81 trillion last month, a record since September 2022.

Trading volumes on the spot market amounted to $ 1.04 trillion, up 10.8% in March. The figure has been growing for the third month in a row, and mid-March was the most successful period in terms of trading volume.

The derivatives market grew by 32.6% to $ 2.77 trillion. Cryptocurrency derivatives now account for a record share of trading volume — 72.7%, while in February the figure was only 69%.

Binance continues to lead the derivatives market, with $ 1.77 trillion worth of contracts traded on the platform (33.9%). OKX ranks second with $ 427 billion (38.4%). The regulated CME exchange traded only $ 47 billion, including $ 36 billion in bitcoin futures and $ 11 billion in ethereum futures. However, this was the best figure since May 2022.

It is worth noting that the beginning of the year was extremely profitable for the market leader. Bitcoin managed to grow by 72.3% in just 3 months of 2023, which was the largest increase since the first quarter of 2021. At that time, the BTC rose by 103.2% from January to March. The most profitable month of the new year was January, when bitcoin grew by 39.9%. Due to the rapid growth in value, Cryptocurrency became the most efficient asset of the first quarter.