CDS Crypto News Crypto Exchange Daily Volume Hits $100 Billion for the First Time in 3 Years
Crypto News

Crypto Exchange Daily Volume Hits $100 Billion for the First Time in 3 Years

Crypto exchange daily volume has risen this much for the first time since 2021.

201
Crypto Exchange Daily Volume Hits $100 Billion for the First Time in 3 Years

Crypto News – For the first time since November 2021, the daily trading volume on centralized cryptocurrency exchanges has increased.

Crypto Exchange Daily Volume Hits $100 Billion for the First Time in 3 Years

The Block’s Data Dashboard shows that as of March 6, the seven-day moving average of daily trading volume across a variety of centralized exchanges was $97.4 billion. From early February lows of about $24 billion, this represents an increase. In its history, daily trade volume has only exceeded this threshold for a little over two months, the majority of which occurred in the bull market of 2021, the year when Bitcoin initially reached its top at $69,000.

The monthly trading volume has been rising for the past few months, but the daily trading volume has climbed quickly over the past few days. For the first time since late 2022, monthly volume on exchanges surpassed $1 trillion in December 2023. Binance is where most trading occurs, with UpBit, OKX, and Coinbase following in size. Based on data from The Block, Binance has approximately a 43% market share among all exchanges.

Crypto Exchange Daily Volume Hits $100 Billion for the First Time in 3 Years
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Dogen Crypto- Must-Watch Altcoins for 2025: BlockDAG, DOGEN, and More

Discover the top 5 altcoins for 2025 with huge growth potential —...

Ripple Bullish Run: $2 Milestone Looks Achievable

Ripple Bullish Run: $2 Milestone Looks Achievable

Polkadot Price Prediction: What’s Driving the Recent Rally?

Polkadot (DOT) is up 111% in the last month. Will it break...

BTC Price Forecast: 85% Chance of $100K Before 2025

BTC Price Forecast: 85% Chance of $100K Before 2025