Centralized exchanges experienced a slowdown in March, reflecting a broader trend. Derivative markets showed resilience with only a 5% contraction, compared to a steep 16.4% drop in spot trading. Market activity suggests increasing interest in derivatives despite overall declining volumes.
Binance held the largest market share for both derivatives and spot trading, attracting traffic from crypto-friendly regions. The exchange saw an outflux of BTC and ETH but is stabilizing its balances. Overall trading volumes decreased, indicating a potential bearish sentiment among traders.
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