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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-trading-hits-new-highs-following-market-dynamics" rel="noopener noreferrer nofollow">Bitcoin Trading Hits New Highs Following Market Dynamics</a><br></p>
<p style="text-align: justify">In the unpredictable realm of cryptocurrency, spot <a href="https://en.bitcoinhaber.net/bitcoin-could-soar-to-60000-says-crypto-analyst" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) transaction volume has seen a marked upsurge, particularly after the FTX exchange debacle. Research from Kaiko reveals that centralized cryptocurrency exchanges (CEX) are experiencing heightened activity, with an aggregate spot trading volume reaching $34.05 billion. Binance, a leading crypto exchange, has contributed notably to this volume with transactions totaling $17.09 billion. Additionally, other exchanges such as Bybit, <a href="https://en.bitcoinhaber.net/mexc-crypto-exchange-addresses-speculations-over-deleted-mexc_ceo-account-and-assures-operational-normalcy" rel="noopener noreferrer nofollow">Coinbase</a>, and OKX have reported substantial trading volumes, underscoring the active trading landscape in the cryptocurrency market.</p>
<h2 id="binance-dominates-spot-market">Binance Dominates Spot Market</h2>
<p style="text-align: justify">Further statistics show Bybit’s spot trading volume at $3.5 billion, Coinbase at $2.98 billion, OKX at $2.92 billion, and Kraken at $1.05 billion. The concentrated trading activity on these platforms indicates a bullish phase in the crypto sector, attracting both institutional and retail investors looking to navigate the market’s volatility.</p>
<h2 id="derivative-trading-witnesses-a-surge">Derivative Trading Witnesses a Surge</h2>
<p style="text-align: justify">The surge in trading is not only restricted to spot markets. Derivative trading volumes across CEX platforms have also skyrocketed, with a combined volume exceeding $380 billion, marking the highest point since November 2021. This encompasses perpetual contracts, futures, and options, signaling an increasing appetite for complex and high-risk investments in the crypto space.</p>
<p style="text-align: justify">The last 24 hours alone have seen BTC derivative trading volumes climb over $182 billion, while <a href="https://en.bitcoinhaber.net/ethereum-foundations-otc-crypto-maneuver-raises-questions" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) derivatives have also seen significant activity with volumes over $72 billion. These developments reflect the dynamic and evolving nature of the cryptocurrency market, with heightened interest from both institutional and individual investors likely to propel exchange trading volumes to new heights.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-trading-hits-new-highs-following-market-dynamics" rel="noopener noreferrer nofollow">Bitcoin Trading Hits New Highs Following Market Dynamics</a></h5>

Bitcoin Trading Hits New Highs Following Market Dynamics

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