{"id":17386,"date":"2024-04-06T09:27:06","date_gmt":"2024-04-06T09:27:06","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17386"},"modified":"2024-04-06T09:27:06","modified_gmt":"2024-04-06T09:27:06","slug":"binance-breaks-a-record-on-march","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/","title":{"rendered":"Binance Breaks a Record on March"},"content":{"rendered":"

In March, Binance experienced a surge in spot trading volumes, reaching a yearly high of $1.12 trillion, driven by the upward momentum of Bitcoin and Ethereum. This marks the highest level since May 2021 and reflects seven consecutive months of growth, according to a report from CCData.<\/p>\n

The report indicates a 121% increase in Binance’s spot trading volume, accompanied by a 1.04% rise in its combined market share, reaching 44.1% in March.<\/p>\n

Notably, Binance<\/a> has shown resilience following its settlement with the United States Department of Justice and the payment of a $4.3 billion fine. Derivatives trading volumes on the platform surged by 89.7% to $2.91 trillion, also reaching their highest levels since May 2021.<\/p>\n

CCData analysts observed Binance’s significant gains in spot markets, with a 2.3% increase in market dominance compared to February. Year-to-date, Binance<\/a> now accounts for 38.0% of spot trading volumes on centralized exchanges (CEXs).<\/p>\n

Despite regulatory challenges, Binance reported a substantial increase in user numbers in 2023, attributing the growth to its core services. This growth trajectory aligns with analytics firm Kaiko’s earlier report of a 50% increase in Binance’s market share within two months post-settlement with the U.S. DOJ.<\/p>\n

The overall spot and derivatives trading volume on CEXs surged to a new all-time high of $9.12 trillion in March, a 92.9% increase. This trend coincided with Bitcoin reaching new all-time highs, prompting traders to flock to the markets.<\/p>\n

Crypto derivatives CEXs also experienced a significant uptick, with trading volume rising by 86.5% to $6.18 trillion, triple the total market capitalization of all cryptocurrencies.<\/p>\n

The surge in trading activity aligns with growing excitement surrounding spot Bitcoin ETFs’ success and the anticipated BTC supply halving in April.<\/p>\n

Despite recent setbacks, centralized exchanges like Binance continue to enjoy trust from the public, as evidenced by the sustained trading volumes and market participation.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In March, Binance experienced a surge in spot trading volumes, reaching a yearly high of $1.12 trillion, driven by the upward momentum of Bitcoin and Ethereum. This marks the highest level since May 2021 and reflects seven consecutive months of growth, according to a report from CCData. The report indicates a 121% increase in Binance’s<\/p>\n","protected":false},"author":6,"featured_media":15488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[22,5324],"class_list":["post-17386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-binance","tag-binance-record"],"yoast_head":"\nBinance Breaks a Record on March - Coin Engineer<\/title>\n<meta name=\"description\" content=\"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Breaks a Record on March - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-06T09:27:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/\",\"name\":\"Binance Breaks a Record on March - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg\",\"datePublished\":\"2024-04-06T09:27:06+00:00\",\"dateModified\":\"2024-04-06T09:27:06+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg\",\"width\":768,\"height\":432,\"caption\":\"Binance Guides\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance Breaks a Record on March\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Binance Breaks a Record on March - Coin Engineer","description":"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/","og_locale":"en_US","og_type":"article","og_title":"Binance Breaks a Record on March - Coin Engineer","og_description":"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.","og_url":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/","og_site_name":"Coin Engineer","article_published_time":"2024-04-06T09:27:06+00:00","og_image":[{"width":768,"height":432,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/","url":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/","name":"Binance Breaks a Record on March - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg","datePublished":"2024-04-06T09:27:06+00:00","dateModified":"2024-04-06T09:27:06+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"According to data Binance has breaked a new record in spot trading volumes on March. Here are the more details.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Binance-Guides.jpg","width":768,"height":432,"caption":"Binance Guides"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/binance-breaks-a-record-on-march\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Binance Breaks a Record on March"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=17386"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17386\/revisions"}],"predecessor-version":[{"id":17387,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17386\/revisions\/17387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/15488"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=17386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=17386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=17386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}