Exchange Review March 2020

Report Summary

CryptoCompare’s Exchange Review evaluates the monthly trends in exchange volume and assesses exchanges based on spot 24-hour volume, derivatives volumes and pricing data. The report covers: exchange rankings by volume; predominant fee types; derivatives data; derivative products; fiat, bitcoin and stablecoin volumes. It also provides an overview of the month’s most important exchange news and analyses how volumes have developed for the top trans-fee mining and decentralised exchanges.

CryptoCompare’s Exchange Review is conducted on a monthly basis and caters to both the digital asset-enthusiast interested in a broad overview of the exchange market, as well as investors, analysts and regulators interested in more specific analyses.

March highlights:

  • The massive market crash on March 12th-13th saw daily volumes hit $75.9bn in a single day (13th March) – the single greatest daily volume recorded in cryptoasset history.
  • Derivatives volumes hit all-time high in March 2020.
  • Newer derivatives exchanges Binance and FTX saw volumes soar.
  • Institutional appetite for derivatives products appeared to decline rapidly following the BTC crash, with CME losing 44% of volume compared to February.

Explore the full Exchange Benchmark report for more data.
For questions related to this analysis, contact our research team at research@cryptocompare.com.

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