Crypto Platforms Daily Trading Volume Approaches $100B

The average daily trading volume on centralized crypto exchanges has recently reached its highest point since November 2021.

The seven-day moving average for daily volume across various exchanges has risen to $97.4 billion on March 6.

This is a significant increase from the low of $24 billion seen in early February. This level of daily exchange volume has only been reached for a short period of time, mostly during the 2021 bull market when bitcoin reached its peak of $69,000.

However, while daily trading volume has spiked in recent days, monthly trading volume has been steadily rising for the past few months. In December 2023, monthly volume on exchanges surpassed the $1 trillion mark for the first time since late 2022.