Crypto trading vol hit new record in March, jumps by 134%

The volatility in the cryptocurrency market has continuously increased, leading to a massive surge in spot trading volume on centralized exchanges (CEX) in March 2024 compared to February 2024.

The primary reasons behind this volatility and strengthened spot trading volume on CEX are the potential approval of a spot Ethereum ETF (Exchange Traded Fund) and the upcoming Bitcoin halving event.