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OKX, Binance and Bybit monthly volumes tripled since late 2023

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OKX was the fastest-growing crypto exchange in terms of monthly trading volumes over the past few months, according to a new report by Bybit.

According to Bybit data, the growth trend of CEXs has failed to overtake the growth rate of decentralized exchanges , as major DEX Uniswap v3 increased volumes by 320%.

According to data from the Bybit Institutional Report 2024, many CEXs at least tripled their monthly trading volumes from October 2023 to March 2024. All three exchanges have surpassed the industry’s average growth rate of 255%, a spokesperson for Bybit told Cointelegraph.

 

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