According to Bybit data, the growth trend of CEXs has failed to overtake the growth rate of decentralized exchanges (DEX), as major DEX Uniswap v3 increased volumes by 320%.
A new report says trading volumes on global centralized cryptocurrency exchanges (CEX) like Binance have spiked significantly since late last year.
According to data from the Bybit Institutional Report 2024, many CEXs at least tripled their monthly trading volumes from October 2023 to March 2024.
Released on April 18, Bybit’s report indicates that OKX 30-day volumes have surged as much as 278% since last October, while Binance followed with a 239% increase. Bybit exchange also stood out as one of the fastest-growing platforms in terms of volumes, adding 264%.
