Crypto derivatives remains resilient in March as spot trading took bigger hits
March activity on centralized exchanges slowed down as a whole, following the trend for the whole of Q1. Crypto derivatives remained more resilient, finishing the month with a smaller contraction.
In March, centralized trading for all crypto assets slowed down, following the overall trend of losing volumes for the whole of Q1. Derivative trading proved more resilient, only contracting by 5%.
Centralized exchanges brought in global traffic, though mostly from crypto-friendly regions. The March outflow reflected bearish attitudes and outflows from the South Korean market, as well as the US market. Binance’s traffic and activity reflected robust levels of interest from other global markets.
Spot trading lost 16.6% despite inflows from…
