"Spot trading volumes fell by roughly 19.4% compared with February, with every major exchange reporting lower activity. The pullback was most pronounced on Upbit, where volumes dropped 39.4%."
"Derivatives markets showed a more muted contraction, with overall volumes slipping by 2.9% month-on-month. Coinbase led the gains, with derivatives trading surging 41.4% over the period."
In March, crypto trading activity experienced a significant slowdown, with spot market volumes declining by 19.4% compared to February. Upbit saw the largest drop at 39.4%, while other exchanges like Bitget and Crypto.com also reported substantial declines. Despite the overall downturn, some platforms like Kraken and Coinbase showed resilience, with Coinbase's derivatives trading increasing by 41.4%. Exchange traffic dipped by 2.34%, indicating softer demand and increased competition among exchanges.
Read at news.bitcoin.com
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