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CEX Spot Trading Volume Reached $2.48 Trillion in March | Cryptocurrency Trends

Victoria, Bitget Research
2024/04/02
CEX Spot Trading Volume Reached $2.48 Trillion in March | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Binance named its first board of directors, including three independent members and four of its executives. Gabriel Abed, who served as ambassador of Barbados to the United Arab Emirates, was named as chairperson.
  • According to a 2023 annual report, Bithumb reported a revenue of 135.8 billion Korean won and a net profit of 24.3 billion Korean won.

2. Cryptocurrency Trends:

  • Circle issues 134 million USDC on the Ethereum network.
  • Spot trading volume on centralized exchanges (CEXs) reached US$2.48 trillion in March, nearing November 2021 levels.
  • Ethena adjusted the allocation of NFT-related airdrop, and will distribute the ENA airdrop to Milady Maker series NFT holders.
  • The number of unique addresses on Owlto Finance exceeds 1.5 million.
  • The TVL of Ethereum restaking protocol Renzo exceeds $2.2 billion.

3. Financing Trends:

  • Blockchain network XION completed a $25 million Series A financing, with participation from Multicoin Capital.
  • Decentralized trading platform Merkle Trade has completed a $2.1 million seed round, which was co-led by Hashed and Arrington Capital.
  • Blockchain technology company Hyperbridge has successfully raised $2.6 million via Polkadot Crowdloans.

4. Regulatory Trends:

  • Coinbase and Circle are challenging Basel Committee on Banking Supervision's stablecoin requirements.
  • The Swiss city of Lugano now allows residents and visitors to use cryptocurrencies in their daily life.
  • Argentina introduces a mandatory registration system for virtual asset service providers.
  • Investment bank TD Cowen warns that the House Republicans' push for a bill against central bank digital currencies may undermine bipartisan backing for a stablecoin bill.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.