CEX Data Report in Apr: Volume significantly declines to the lowest since December last year

Data compiled by the WuBlockchain shows that:

In April, the spot trading volume of major exchanges decreased by 38.7% month-on-month. The top three increases were Upbit -10%, KuCoin -17%, and Huobi -20%. The bottom three were Crypto.com -60%, Binance -47%, and Bitfinex -38%.

In April, the derivatives trading volume of major exchanges decreased by 21.7% month-on-month. The top three increases were Huobi -4%, Mexc -8%, and Bitget -15%. The bottom three were Crypto.com -53%, Deribit -31%, and Bitmex -24%.

In April, the website traffic of major exchanges decreased by 17% month-on-month. The top three increases were Gate +9%, OKX +4%, and Kucoin -2%. The bottom three were Huobi -62%, MEXC -35%, and Bitfinex -25%.

This article is sponsored by New Cosmos chain “Tenet”.

Read more about Tenet https://cointelegraph.com/news/new-cosmos-chain-will-use-liquid-staking-tokens-from-other-networks-for -security

Note: The following data may have serious issues with wash trading/bot suspicion. Spot and derivatives data are from Coingecko; traffic data is from Similarweb.

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