In March, centralized crypto exchanges witnessed a significant surge in trading volumes, reaching all-time highs of $9.1T. Binance, in particular, saw its spot trading volume increase by 121%, hitting its highest level since May 2021, with trading volumes reaching a yearly high of $1.12 trillion. Overall, crypto trading volume on centralized exchanges soared to $9.1T, with spot trading volume alone accounting for $2.94T. This growth was partly fueled by Bitcoin's ascent to new record highs above $73K. The top 10 centralized exchanges (CEXs) by spot trading volume growth in Q1 2024 included Bitget (+510%), Bitmart (+356%), Bybit (+144%), KuCoin (+122%), Binance (+115%), Coinbase (+103%), OKX (+85%), Cryptocom (+83%), Gateio (+81%), and Kraken (+54%). The cumulative monthly spot volume on centralized crypto exchanges nearly doubled from previous months to almost $2.5 trillion, marking a steady increase since September 2023, with combined spot and derivatives volume surging 92.9%.