Crypto exchange Binance remains the world's largest exchange by trading volume, CryptoCompare has reported.
In particular, in the spot market, 30% of all transactions in March were processed by the platform owned by Changpeng Zhao, while in February, Binance processed 29% of crypto transactions.
According to the report of the company's experts, compared to February, in March, the volume of spot transactions on Binance amounted to about $490 billion, i.e. the volume increased by 15% in one month.
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The second place goes to US exchange Coinbase, whose trading volume fell by around 12% last month to $81.9 billion.
Florian Giovannacci, head of trading at Covario, a prime brokerage for digital asset managers, estimates Binance maintains the lead due to its broader expertise, including its extensive list of available digital currencies and technical tools.
Notably, Binance also strengthened its position in the crypto derivatives market in March. This platform's share accounted for up to 54% of all transactions with products focused on digital currencies.