Data from WuBlockchain shows that the cryptocurrency market saw impressive growth in March, with spot trading volume skyrocketing and derivatives activity becoming more vibrant.
Specifically, spot trading volume on major exchanges increased by 134% compared to the previous month. KuCoin leads with a 262% increase, followed by Upbit (198%) and Bitget (174%). On the contrary, Crypto.com, Mexc and Cooperative recorded the lowest growth, 45%, 46% and 86% respectively.
Derivatives trading activities also witnessed an improvement with volume increasing by 47% compared to February. Bitget continued to lead with an increase of 148%, followed by OKX (105%) and KuCoin (99%). Binance, Mexc and Crypto.com are the three exchanges with the lowest growth, down 18%, up 32% and 34% respectively.
Besides trading, website traffic of major trading floors also increased by 43% compared to the previous month. Crypto.com recorded the most impressive growth of 102%, followed by Bitfinex (86%) and Upbit (80%). OKX, Gate and Bitget ranked bottom with increases of 10%, 21% and 23% respectively.
Note: The above data may be affected by wash trading and bot trading activities. Spot and derivative data are collected from Coingecko, website access data from Similarweb.
