March CEX Data Report: Spot Volume Down 16%, Derivatives Down 5%, Website Traffic Down 3%

According to data compiled by the WuBlockchain team:

In March 2025, the spot trading volume on major exchanges decreased by 16.4% compared to February. The top three exchanges by month-on-month growth rate were HTX (+29.4%), Bitget (+5.1%), and KuCoin (+2.5%). The bottom three were Bybit (-52.6%), Crypto.com (-43.9%), and Bitfinex (-31.1%).

Derivatives trading volume on major exchanges fell by 4.8% in March compared to February. The top three performers were Kraken (+28.3%), Gate (+13.2%), and OKX (+4.8%). The bottom three were Crypto.com (-39.5%), Mexc (-22.9%), and Bybit (-5.3%).

Website traffic to major exchanges in March declined by 3%. The top three exchanges by traffic growth were Deribit (+19%), OKX (+13%), and Bitget (+11%). The bottom three were HTX (-25%), Upbit (-20%), and Coinbase (-14%).

Note: Some of the data may be significantly affected by wash trading or bot activity. Spot and derivatives data are sourced from CoinGecko; website traffic data is sourced from Similarweb.

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