Trading Volumes on Global Crypto Exchanges Soar

Trading volumes on major centralized cryptocurrency exchanges (CEXs) such as Binance have seen a significant surge since late 2023.

According to data from the Bybit Institutional Report 2024, several CEXs have reported a spike in their monthly trading volumes, with some experiencing a triple increase from October 2023 to March 2024.

The report, released on April 18, reveals that OKX has seen a staggering 278% increase in 30-day volumes since October, closely followed by Binance at 239%.

Bybit has also emerged as one of the fastest-growing exchanges, with a 264% jump in volumes.

These numbers are higher than the industry average growth rate of 255%.