According to a PANews report on April 10th, based on a CryptoQuant report, Bitcoin spot trading volume dropped from a high of $44 billion on February 3rd to $10 billion by the end of the first quarter, a decrease of 77%. Meanwhile, Altcoin spot trading volume declined from $122 billion to $23 billion, a drop of over 80%. The significant decline in trading volume indicates that investors are reducing participation due to market uncertainty or fear.
Despite the overall trading volume decline, Binance's market share continues to grow. Its Bitcoin daily average spot trading volume proportion increased from 33% on February 3rd to 49% by the end of the first quarter, with total crypto market trading share approaching 50%. Additionally, Binance's daily average Altcoin spot trading volume proportion rose from 38% to 44%. Major Altcoins such as BNB, TON, and EOS maintain high trading activity on Binance.
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