While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12 selloff spike in volume The main source of revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues. March 12, the day that Bitcoin lost 37% of its value, there was a significant increase in Bitcoin trading volume, with Bitfinex’s volume exploding almost 1,000%. {image} Furthermore, there is a clear correlation between the direction of price movement and exchange volumes. According to the ... (full story)