Exchange Review March 2026

Combined centralized crypto exchange volumes declined 6.53% to $5.26T, with spot trading dropping 15.7% to $1.27T.

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Exchange Review March 2026

Combined centralized crypto exchange volumes declined 6.53% to $5.26T, with spot trading dropping 15.7% to $1.27T.

Report Summary

  • Combined spot and derivatives volumes declined 6.53% to $5.26T in March.
  • Gate overtook Bybit to become the third-largest derivatives venue for the first time, with market share rising to 12.0%.
  • Derivatives volumes declined 3.20% to $3.99T, but still accounted for a larger share of centralized exchange activity, rising to 76.5%.
  • DEX spot volumes fell 23.9% to $212B - the lowest since October 2024.

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