Crypto futures trading volume rose by almost 50% in March, WuBlockchain says. Who dominates the segment? Bitfinex Deribit Gate
Gate.io registered the third largest upsurge, gaining about 66%. In total, all traders on futures exchanges processed $3.27 trillion in March 2023.
Other top-tier exchanges recorded 20-60% gains, while Crypto.com is the only platform with negative dynamics. By contrast, the statistics from the spot segment are not so sparkling. The spot modules of major CEXes processed $960 billion of the trading volume, witnessing a 9.6% increase month-over-month.
Gate.io is a top gainer in spot segment, while Bybit and Bitfinex also printed notable gains. Korean exchange Upbit saw its trading volume reduced in the spot segment.Besides trading volume, centralized exchanges also witnessed a double-digit increase in user traffic. In February 2023, 216 million users visited the largest CEXes, while 244.7 million visited in March; the month-over-month increase eclipsed 13%.MEXC, Gate.io and OKX are top gainers, with 81%, 64% and 34% increases.
As calculated by Coinglass , last month became the second most profitable March in the last 10 years. It is only surpassed by March 2021, when Bitcoin was targeting its first peak of the previous bullish rally.
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