Crypto exchange activity slowed in the first quarter of 2026 after the market cooled from its earlier peak.Â
Summary
- Crypto exchange trading volume fell sharply in Q1 2026 as market participation weakened after the cycle peak.
- Perpetual futures dominated March activity, with volume reaching four times the level of spot trading.
- Binance held the top position in spot and derivatives despite rising competition from secondary exchanges.
CryptoQuant data showed lower participation across centralized venues, while Binance kept the lead in both spot and derivatives trading.
Centralized exchange trading volume dropped about 48% from the October 2025 peak. The figure…
