New Report Finds Where All the Money Went in Crypto’s Brutal Q1
BeInCrypto
A CoinGlass report reveals that crypto market liquidity and trading activity became increasingly concentrated at top exchanges during a challenging first quarter of 2026.Summary
A new CoinGlass report analyzing the first quarter of 2026 highlights a crypto market characterized by cautious recovery following significant late-2025 volatility. While total trading volume reached $20.57 trillion, activity trended downward throughout the quarter, with traders favoring derivatives for hedging over directional spot bets. Binance maintained dominance across all key metrics, including volume, open interest, and asset reserves, with its custodial assets accounting for 73.5% of the top 10 exchanges. Additionally, the decentralized protocol Hyperliquid emerged as a significant competitor, signaling a shift toward decentralized derivatives as a viable alternative to mid-tier centralized platforms.
(Source：BeInCrypto)