A recent study highlighted a remarkable surge in trading volumes across major centralized cryptocurrency exchanges (CEXs) globally. The Bybit Institutional Report 2024, released on April 18, revealed that from October 2023 to March 2024, several CEXs saw their trading volumes at least triple. Particularly notable were the increases reported by exchanges such as OKX and Binance. OKX’s 30-day trading volumes soared by 278% starting from last October, while Binance experienced a 239% upsurge in the same period. Bybit itself also demonstrated significant growth, with a 264% increase in trading volumes. This performance by all three exchanges has outpaced the average
