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Coinbase registered $307 billion in spot trading volume in the first quarter, its highest since the last three months of 2021, according to researcher CCData, which notes the figures don’t include Coinbase’s over-the-counter trading related to institutional and ETF customers. Its market share of spot trading has increased to 5.35%, up from 5.05% in the year-ago quarter, CCData said.

Trading on Binance reached its highest level in almost three years last month, according to data provider CCData. A new CEO, Richard Teng, took the reins when Zhao pleaded guilty. The exchange is still home to more crypto trading than any competitor.

Binance is by far the world’s largest cryptocurrency exchange by trading volume, processing $18.1 trillion worth of trading volume in 2023, according to data from crypto market data firm CCData.

“In relation to CZ’s personal wealth ... he would still be able to retain his share in Binance, as well as maintain his crypto holdings which also contribute an unknown, yet material, amount to his overall wealth and net worth,” Joshua de Vos, research lead at CCData, told CNBC via email.

The total market cap for stablecoins hit $158bn this month, according to CCData. That’s not only the seventh consecutive monthly increase for the sector, but also the highest point since May 2022, when the crypto market fell into a crisis.

According to numbers shared by industry data provider CCData, transaction volume on the bitcoin network has rocketed since the arrival of Ordinals. “Ordinals are to the bitcoin blockchain what bitcoin ETFs are to bitcoin the cryptocurrency,” said CCData researcher Jacob Joseph.

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Spot trading volume on the Binance exchange hit its highest level since May 2021 afte seven consecutive months of ascent, according to a new report from CCData. According to an April 5 report by cryptocurrency analytics platform CCData, Binance’s spot trading volume increased by 121% to $1.12 trillion in March. The report said the combined market share of the exchange also increased by 1.04% to 44.1% in March.

According to research from CCData, the exchange’s derivatives market share grew by nearly 2.5% in March, the highest among all centralized exchanges. “Among the top 12 derivatives exchanges, Binance leads with a market share of 47.0% of total volumes in March,” researchers wrote. This was followed by OKX with a market share of 21.8% and Bitget with a dominance of 12.8%.” Simultaneously, the open interest of futures and derivatives on Binance, OKX and Bitget grew by 37.8%, 34.7% and 104%, respectively, in March 2024. CCData researchers noted:

Since the US Securities and Exchange Commission approved the ETFs, average daily returns for bitcoin outside US trading hours are 0.31 per cent. That stacks up against 0.13 per cent in the six and a half hours that the US stock market is open, according to CCData. Cumulative average daily returns while Wall Street is closed come to 26.4 per cent, against 9.9 per cent during US trading hours, CCData said.

Markets also tend to be more choppy when the US has clocked off. CCData found that the average 30-day rolling annualised volatility during non-US trading hours is just over 40 per cent, compared with an average of 36 per cent in US hours.

The combined volume of crypto spot and derivatives trading on centralized exchanges almost doubled to an all-time high of $9.1 trillion in March while Bitcoin reached a record, according to a CCData.

Spot trading outpaced the gains seen in derivatives, with volume rising 108% to $2.94 trillion, the highest monthly figure since May 2021, CCData’s March Exchange review report said.

Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData.