Trading volumes on cryptocurrency exchanges decreased in March – Bits Media

Cryptocurrency exchanges, moreover, as centralized, and decentralized, reported a slight decrease in trading volumes in March.

If in February at centralized sites transactions were made on $1.23 trillion, then in March this indicator was $1.17 trillion. In this way, The decline was 5%. Note, that the volumes of trading in centralized exchanges exceed $1 TRLN for the second month in a row.

The leader of the market remains the Binance exchange - it was committed on it 65% transactions. More 18% the volume of trading was on the Huobi site, And nothing 15% - OKEX.

On centralized exchanges over March, transactions were made on $406.51 billion. Here the distribution of the volume of trading is more uniform - 22% transactions were made on the Coinbase exchange, 21% on the site upbit and 11% At Kraken platforms.

Trading volumes on decentralized exchanges (DEX) In March, they made up $67.32 billion. This is on 8.12% Below February, And this is the first month since November 2020 of the year, when the volumes of trading decreased.

The leader of the DEX sphere remains the Uniswap platform, on which transactions were made on $41.02 billion. Sushiswap and Curve protocols processed transactions on $10.06 and $5.08 billion, respectively. Sites 0x and Bancor Network reported on the volume of trading in $4.76 billion and $2.59 billion, respectively.

At the end of March, it was reported, that the volume of stablecoins on the wallets of cryptocurrency exchanges exceeded $10 billion is a record indicator and a positive signal for bitcoin.