The trading volume of Bitcoin and altcoins has decreased as cryptocurrency prices have adjusted over the past two months. The trading volume of Bitcoin dropped from $44 billion on February 3 to $10 billion at the end of Q1.

The trading volume of altcoins also fell from $122 billion on February 3 to $23 billion at the end of Q1.

Binance has strengthened its dominance, accounting for nearly 50% of the total trading volume. Binance's daily Bitcoin trading ratio increased from 33% to 49% at the end of Q1. This indicates that other exchanges are declining faster than Binance, making Binance the largest liquidity provider during significant market fluctuations.

Binance also accounted for 64% of the altcoin trading volume as the price of Bitcoin fell from $96K to $90K at the end of February. Some altcoins like BNB, TON, and EOS still maintained high trading volumes on Binance despite the overall market decline.