{"id":14244,"date":"2024-06-11T15:09:27","date_gmt":"2024-06-11T12:09:27","guid":{"rendered":"https:\/\/forklog.com\/en\/russian-traffic-surges-to-27-on-bybit\/"},"modified":"2024-06-11T15:09:27","modified_gmt":"2024-06-11T12:09:27","slug":"russian-traffic-surges-to-27-on-bybit","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russian-traffic-surges-to-27-on-bybit\/","title":{"rendered":"Russian Traffic Surges to 27% on Bybit"},"content":{"rendered":"<p>In May, Russian users accounted for 27% of the total traffic on the cryptocurrency exchange Bybit, according to journalist Colin Wu. <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-for-may-trading-volume-declines\">Read more<\/a>.<\/p>\n<p>Traffic from Russia to Bitfinex increased to 22%, Deribit to 15%, and OKX to approximately 9%.<\/p>\n<p>Other platforms popular among Russians include HTX (14%) and MEXC (10%).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/docsz\/AD_4nXcfQoQVWlb7vFPa0S8hma86eLiLCh5pA3Yzop6aBdpjebxO0B_1RPwuKZUjvcw-6HAbE_mj6d3zkRU6ENORFBE3qsg7rLv4qp6zp7VD6WF9dQOvQVlgnBYlQFrSDatTpP0c8_LIjRefFr59f6L31GXnx9Rj?key=i3HvGyPHG4Dv6KB-BIoA5g\" alt=\"Russian Traffic on Bybit Reaches 27%\"\/><figcaption class=\"wp-element-caption\">Data: Wu Blockchain.<\/figcaption><\/figure>\n<p>From April to May, traffic to major exchanges declined. Only OKX, Bitget, and Deribit saw overall traffic growth. Notably, 10% of Deribit&#8217;s users during this period were from Uzbekistan.<\/p>\n<p>In May, the most popular platforms among U.S. visitors were Coinbase (60%) and Crypto.com (25%).<\/p>\n<p>Binance&#8217;s main traffic sources were residents of Argentina, Turkey, and Vietnam, each contributing 5-6%.<\/p>\n<p>Last month also saw a decline in spot and derivatives trading\u2014by 20% and 11%, respectively.<\/p>\n<p>Back in April, the share of Russian traffic on Bybit <a href=\"https:\/\/forklog.com\/en\/news\/russians-dominate-bybit-traffic-in-january\">was 25%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May, Russian users accounted for 27% of the total traffic on the cryptocurrency exchange Bybit, according to journalist Colin Wu. Read more. Traffic from Russia to Bitfinex increased to 22%, Deribit to 15%, and OKX to approximately 9%. Other platforms popular among Russians include HTX (14%) and MEXC (10%). Data: Wu Blockchain. From April [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1151,1166,27,958,1206],"class_list":["post-14244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bybit","tag-centralized-exchanges-cex","tag-russia","tag-trading-volume","tag-uzbekistan"],"aioseo_notices":[],"amp_enabled":true,"views":"59","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14244"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14243"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}