#binance #hype #zec #near
09/04/26 08:50 UTC-04

CryptoQuant: Crypto Exchange Trading Volume Fell by 48% Over Five Months

Exchanges Exchanges
Exchanges CryptoQuant: Crypto Exchange Trading Volume Fell by 48% Over Five Months

The total trading volume on centralized crypto exchanges dropped by 48% from its October 2025 peak to $4.3 trillion in March 2026. Binance maintained its dominant position in both spot and futures markets, according to CryptoQuant data.

The March figure was the lowest since October 2024. The perpetual futures market dominates the trading structure: $3.5 trillion versus $0.8 trillion on the spot market — more than a fourfold difference.


Source: CryptoQuant.

Spot Market

Binance leads in spot volumes with $248 billion in March and a market share of around 32%. Since the beginning of 2026, the exchange has recorded nearly $1 trillion in spot trading. The closest competitors — MEXC ($77 billion), Bybit ($59 billion), Gate ($56 billion), and Crypto.com ($52 billion) — lag significantly behind.


Source: CryptoQuant.

Binance’s share declined from 37% in October 2025 but remains three times higher than that of MEXC (9%) and Bybit (7%).

Perpetual Futures

In the perpetual contracts market, Binance also ranks first with $1.4 trillion in monthly volume and about 40% market share. OKX accounts for $0.7 trillion (19%), Bybit — $0.5 trillion (13%), Bitget — $0.3 trillion, and Coinbase — $0.2 trillion.


Source: CryptoQuant.

Binance’s cumulative perpetual futures volume since the start of 2026 reached $4.5 trillion — twice as much as OKX ($2.2 trillion) and three times more than Bybit ($1.5 trillion).

“The competitive environment is intensifying but remains fragmented. Second-tier exchanges (MEXC, Bybit, Gate, Crypto.com) have increased their presence in spot volumes, but none individually comes close to Binance’s scale. This highlights growing competition without significant consolidation of market leadership,” analysts noted.

It is worth noting that in March, CryptoQuant experts recorded a record daily increase in open interest on Binance during the Bitcoin rally.

See also: "Spot Trading Volume on Cryptocurrency Exchanges Declined in March"

#Crypto Market #Trading Volume

Editor: Pereyidenko Ihor
Comments

Similar

10/06/26 07:55 UTC-04

The Largest IPO in History Pressures Crypto: Investors Exit Assets for SpaceX

SpaceX’s initial public offering has attracted nearly $250 billion in orders against a target fundraising amount of $75 billion — meaning demand exceeds supply by almost four times. If the deal closes on these terms, it will become the largest IPO in history. The company is valued at $1.8 trillion.

04/06/26 03:00 UTC-04

Liquidations Exceed $1.6 Billion as Bitcoin Falls Below $62,000

On June 4, Bitcoin briefly dropped to around $61,300, marking one of its sharpest declines in recent months. The asset later recovered part of its losses and climbed back above $64,000. The last time Bitcoin traded near these levels was in February 2026.