USDC

Spot

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  <p>Data compiled by the Wublockchain team shows:</p>
  <p>In April, the spot <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> of major exchanges <a rel="noopener noreferrer nofollow" title="decreased" href="https://thebittimes.com/tag/decreased.html">decreased</a> by 37.9% month-on-month. The top three changes were Gate +13.7%, Bitget -11.1%, and HTX-14.5%. The bottom three were Kucoin-70.8%, Upbit-57.5%, and Bitfinex-47.7%.</p>
  <p>In April, the derivatives trading volume of major exchanges decreased by 1.4% month-on-month. Binance introduced a limited-time fee discount for USDC perpetual contracts (April 3 — July 3), leading to a surge of 72.2% in perpetual contract trading volume. Excluding this, the total trading volume decreased by 26.6% month-on-month. The top three changes were HTX-13.4%, Crypto.com-15.6%, and Bitget-16.1%. The bottom three were Mexc-50.7%, Kucoin-50.5%, and Deribit-38.1%.</p>
  <p>In April, website traffic of major exchanges decreased by 22% month-on-month. The top three changes were Bitget +11%, Gate+9%, and Bitmart-3%. The bottom three were Kucoin-39%, Coinbase-31%, and Upbit-31%.</p>
  <p>Note: The following data may be suspected of significant <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> brushing/bot activity. Spot and <a rel="noopener noreferrer nofollow" title="derivatives" href="https://thebittimes.com/tag/derivatives.html">derivatives</a> data are from Coingecko; <a rel="noopener noreferrer nofollow" title="traffic" href="https://thebittimes.com/tag/traffic.html">traffic</a> data is from Similarweb.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cex-data-report-for-april-spot-trading-volume-decreased-by-38-while-derivatives-trading-volume-and-website-traffic-decreased-by-over-20-tbt88184.html">https://thebittimes.com/cex-data-report-for-april-spot-trading-volume-decreased-by-38-while-derivatives-trading-volume-and-website-traffic-decreased-by-over-20-tbt88184.html</a></p>

CEX Data Report for April: Spot trading volume decreased by 38%, while derivatives trading volume and website traffic decreased by over 20%

TheBitTimes

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