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Cryptocurrency
exchange trading volumes decreased by 15% in March 2025 compared to the
previous month, marking the third consecutive monthly decline in trading
activity across major platforms.

The
declines coincided with Bitcoin’s weakening performance. Although its price
contracted by only 2% last month, it briefly fell to $75,000 — the lowest level
since November.

Crypto Exchange Trading
Volumes Fall in March 2025

According
to data from Finance Magnates Intelligence and The Block, total
trading volume across the top ten cryptocurrency exchanges fell to $1.13
trillion in March from
$1.33 trillion in Februaryc, reflecting cooling market sentiment after the
robust trading activity seen in late 2024 and early 2025.

Despite the
overall market contraction, Binance maintained its dominant position with a
51.8% market share, though its trading volume dropped 10.4% month-over-month to
$583.5 billion. The exchange also showed year-over-year slump of 48% compared
to March 2024.

Coinbase,
the second-largest exchange by volume, experienced a more significant decline
of 18.7% month-over-month, with trading volume falling to $102.1 billion. Moreover,
the U.S.-based exchange recorded a 35% decrease compared to the same period
last year.

OKX
maintained its third position with $96.8 billion in trading volume, down 10.8%
from February and down 43% year-over-year.

Conditions are certainly unfavorable at the moment, and according to Dr. Kirill Kretov of CoinPanel, they’re unlikely to improve anytime soon. “We are deep in a risk-off environment with geopolitical stress, shaky economies, and drained liquidity across the board,” he told FinanceMagnates.com.

“The chaos coming out of the new U.S. administration—one vague statement or policy tease is enough to rattle even traditional markets. In crypto, which is far thinner and more reactive, that kind of uncertainty hits like a sledgehammer.”

Huobi Bucked The Downward
Trend

The most
notable performer was Huobi, which bucked the downward trend with a 27.5%
increase in trading volume compared to February, reaching $92.6 billion. This
also represented a 12% growth compared to March 2024, allowing Huobi to climb
to fourth place in the rankings.

Meanwhile,
ByBit experienced the steepest decline among major exchanges, with volumes
falling 52.4% month-over-month to $84.3 billion, and -55% compared to the same
period last year.

The data
reveals a significant cooling from the peak trading period observed in late
2024, when monthly volumes exceeded $2 trillion in November and December.
March’s $1.13 trillion total represents a 47.4% decrease from December 2024’s
high of $2.14 trillion.

March
2024 was one of the strongest months on record for crypto exchange volumes,
as Bitcoin climbed 17% to what was then a record high of nearly $74,000.
Although Bitcoin is now trading at a higher price, overall market sentiment has
deteriorated.

This Expert Predicts BTC
Price Drop to $10,000

Bitcoin’s
downward trend is continuing, with prices falling below the $80,000
threshold and testing key support levels around $74,500 this month. This latest
drop follows a steep decline from the year’s peak of $109,000, signaling
mounting pressure on the cryptocurrency market amid broader economic headwinds.

Bloomberg
Senior Commodity Strategist Mike McGlone has issued a stark warning,
forecasting that Bitcoin could plunge as low as $10,000. Drawing
comparisons to the early 2000s dot-com crash, McGlone points to speculative
excess, macroeconomic tightening, and the loss of Bitcoin’s “digital
gold” narrative as factors that could trigger a deep market correction.

What does HODL stand for? Everyone’s in for the long-term, as long as it’s going up. Did not know how #Bitcoin was going to get to $100,000 from $10,000 in 2020, but the trends showed up. Now, I see the reversion path back toward $10,000. The technology is awesome as evidenced by…

— Mike McGlone (@mikemcglone11) April 6, 2025

“In 2020,
Bitcoin was at 10,000. It was only a few years ago. I think it’s going back
there,” McGlone said in a recent interview. This bold prediction raises
important questions: How low can Bitcoin go? What’s driving this potential
plunge? And how should you protect your portfolio?

While some
analysts remain optimistic about Bitcoin’s long-term prospects, McGlone’s
forecast stands out for its severity. He argues that the crypto space needs a
major reset and suggests that Bitcoin’s return to $10,000 would be a reversion
to more sustainable valuation levels following years of speculative growth.

This article was written by Damian Chmiel at www.financemagnates.com.

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As the US sharpens its approach to digital asset
policy, other countries are reaching out to Binance to explore their
own national strategies for holding Bitcoin, the Financial Times reported. While Teng did not disclose which countries are
involved, he highlighted that the United States is currently leading global
efforts in developing strategic Bitcoin frameworks.

CEO Richard Teng says the crypto exchange is now
advising governments and sovereign wealth funds on how to establish digital
asset reserves, an emerging trend with potentially far-reaching economic
implications.

Richard Teng, who became Binance CEO after Changpeng
Zhao stepped down, revealed in an interview that multiple governments have
asked the company for input on setting up strategic Bitcoin reserves and
crafting crypto regulations.

States Seek Guidance Amid Rising Institutional
Interest in Bitcoin

While he declined to name the specific countries
involved, Teng pointed to the United States as “way ahead” in these
developments.

Teng’s comments come as the concept of Bitcoin as a
strategic national asset gains traction. Earlier this year, former US President
Donald Trump signed an executive order to create a Strategic Bitcoin Reserve,
funded by confiscated BTC from criminal and civil proceedings.

JUST IN: Binance is advising several countries on establishing national strategic #Bitcoin Reserve: FT pic.twitter.com/Ijo6TrsFPo

— Bitcoin Magazine (@BitcoinMagazine) April 17, 2025

The move appears to have influenced other nations to
consider similar frameworks. While countries such as Pakistan and Kyrgyzstan
have recently announced partnerships with Binance around crypto regulation,
none have yet confirmed plans to establish Bitcoin reserves.

Still, Teng noted that interest in both reserves and
policy formation is growing globally, especially in light of US leadership on
the issue. This global outreach marks a notable evolution in Binance’s public
role. Once operating without a fixed headquarters, the company is now
considering establishing a global base, Teng confirmed.

The move reflects both Binance’s maturing posture and
the broader regulatory shift occurring across crypto markets. With countries
beginning to mirror US moves in this space, Binance’s role as an advisor may
only deepen in the coming years.

Binance Reconsiders Its ‘No Headquarters’ Era

Teng acknowledged that Binance’s management is
currently evaluating locations for a global headquarters, a marked change from
founder Changpeng Zhao’s earlier stance that physical offices were outdated.

The decision comes amid increasing regulatory clarity
across several jurisdictions, which have made it easier for large players like
Binance to operate within formal legal structures. In past years, the company
faced scrutiny from numerous regulators over its lack of physical presence and
licensing.

Binance’s expanding influence in shaping national
crypto policies and reserves indicates a shift in how governments view digital
assets: not only as financial tools but also as elements of strategic economic
infrastructure.

This article was written by Jared Kirui at www.financemagnates.com.

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