In June, Russians generated the majority of traffic to crypto exchanges Binance (6%), Bybit (19%), Gate (10%), Bitget (16%) and Huobi (17%). This was reported by journalist Colin Wu in his blog.
According to him, last month total traffic to centralized trading platforms fell by 8%. The worst performers were Huobi (-37%), Bitget (-29%), and Bitfinex (-27%). In the top three by growth were Deribit (46%), OKX (11%), and Bybit (5%).
Meanwhile, the total volume of spot trading on centralized exchanges (CEX) rose by 10.4%. In this metric, leaders were Bitmart (61%), Upbit (48%), and Bybit (35%). The worst performers were Crypto.com (-18%), Huobi (-17%), and MEXC (-11%).
The average futures trading volume also rose by 9.5%. Leading were Bitmart (46%), Deribit (15%), and KuCoin (14%). The largest negative figures were Crypto.com (-29%), Gate (-17%), and BitMEX (-5%).
As Kaiko data show, the total trading volume across cryptocurrency exchanges for April–June has fallen to its lowest level since Q4 2020. One of the factors cited by experts behind the decline is Binance’s reinstatement of commissions for the most liquid BTC pairs.