Bitcoin CEX trading volume hits record high in March
Summary
Bitcoin's trading volume on centralized exchanges has reached its highest level since May 2021. Between September 2023 and late March 2024, the volume increased eightfold, coinciding with a price surge from $34,667 to $73,000. Despite a price correction, trading activity remained high. This indicates Bitcoin's ability to capture and maintain a substantial market share, which has implications for the wider crypto ecosystem.
