In March 2024, centralized cryptocurrency exchanges (CEXs) witnessed a significant surge in trading volumes, with Binance experiencing a notable increase. According to CCData, a London-based digital assets data provider, Binance's spot trading volume rose by 121%, reaching its highest level since May 2021. This growth was part of a broader trend that saw crypto spot trading volumes outpace derivatives, as Bitcoin (BTC) achieved new record highs, surpassing $73K. The top 10 CEXs by spot trading volume growth in Q1 2024 included Bitget, Bitmart, Bybit, KuCoin, Binance, Coinbase, OKX, Cryptocom, Gateio, and Kraken, with increases ranging from 54% to 510%. Additionally, Binance's trading volumes hit a yearly high of $1.12 trillion in March, underscoring the heightened activity and enthusiasm in the current crypto bull market.