The first quarter of the year has come to a close, and it's clear that the crypto market remains active, despite some cooling in trading volumes from January highs.
According to Coinglass data, total spot and derivatives volume reached approximately $20.57 trillion for Q1, with derivatives making up about 90% of this figure.
Binance stood out as a leader in the market, boasting $4.9 trillion in derivatives volume and holding a significant 34.9% market share.