Monthly crypto exchange volumes broke $1 trillion for the first time

Crypto exchange data collected by The Block Research shows monthly traded volumes surpassing $1 trillion in February, a new record.

As of February 27, the monthly volume figure stood at $1.05 trillion. That represents an increase of $143.9 billion — or 15.9% — from January when the previous monthly high was registered. Two-thirds of the trillion-dollar volume comes from Binance, with 10.6% from Coinbase and 5.3% from Kraken.