According to a recent report by CryptoCompare, the total spot trading market increased by 10.5% in March 2022, and the volume of transactions reached $1.6 trillion.

The report also revealed that nearly 69.9% of the total spot trading volume was controlled by 15 of the world's largest cryptocurrency exchanges, including Binance, Coinbase, Bitfinex, OKX, Huobi, FTX and Kraken.