{"id":21953,"date":"2025-03-12T09:50:17","date_gmt":"2025-03-12T07:50:17","guid":{"rendered":"https:\/\/forklog.com\/en\/russia-emerges-as-leading-traffic-source-for-bybit-in-february\/"},"modified":"2025-03-12T09:50:17","modified_gmt":"2025-03-12T07:50:17","slug":"russia-emerges-as-leading-traffic-source-for-bybit-in-february","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russia-emerges-as-leading-traffic-source-for-bybit-in-february\/","title":{"rendered":"Russia Emerges as Leading Traffic Source for Bybit in February"},"content":{"rendered":"<p>In February 2025, Russian users accounted for 29% of the total traffic to the cryptocurrency exchange Bybit, as <a href=\"https:\/\/wublock.substack.com\/p\/february-cex-data-report-significant?r=jbpop&#038;utm_campaign=post&#038;utm_medium=web&#038;triedRedirect=true\">reported<\/a> by journalist Colin Wu.<\/p>\n<p>Other platforms popular among Russians include Deribit at 10% and KuCoin at 5%. Activity on Deribit is partly linked to the platform&#8217;s announcement of <a href=\"https:\/\/forklog.com\/en\/news\/deribit-to-cease-services-for-russian-clients-in-compliance-with-sanctions\">terminating services<\/a> for Russian clients in compliance with sanctions, requiring funds to be withdrawn by March 29.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdglAodIPe7kM-PT_td0f279Aw0Pum6gjsk5IiA-J_RQqRuMykNzlI1Rtd3--pLoHfC9fFAdeHoCWqPd313dmi-BGRDEGtuAUxuXTOGa-EjUscw5zdoE7xERc_RsjUC3zv_Q-EvSA?key=R6A6_cKq9pmZdISVVIEz6cpz\" alt=\"Russia Emerges as Leading Traffic Source for Bybit in February\"\/><figcaption class=\"wp-element-caption\">Data: WuBlockchain.<\/figcaption><\/figure>\n<p>Overall, traffic to major <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> websites fell by 20% compared to January. HTX showed the largest increase in visits at 45%, while KuCoin experienced the most significant decline at -62%.<\/p>\n<p>The spot trading volume of major CEXs decreased by 21% compared to January, with the poorest performances from Upbit (-46%), Crypto\u2024com (-29%), and Kraken (-27%).<\/p>\n<p>Derivative turnover fell by 17% compared to January.<\/p>\n<p>Back in late February, Bybit faced a <a href=\"https:\/\/forklog.com\/en\/news\/bybit-exchange-suffers-1-46-billion-loss-in-hack\">major hack<\/a> resulting in a loss of $1.46 billion. According to the latest data, 77% of the stolen assets <a href=\"https:\/\/forklog.com\/en\/news\/bybit-ceo-20-of-stolen-assets-have-gone-dark\">remain traceable<\/a>, 20% have &#8220;disappeared into the shadows,&#8221; and 3% have been frozen. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February 2025, Russian users accounted for 29% of the total traffic to the cryptocurrency exchange Bybit, as reported by journalist Colin Wu. Other platforms popular among Russians include Deribit at 10% and KuCoin at 5%. Activity on Deribit is partly linked to the platform&#8217;s announcement of terminating services for Russian clients in compliance with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21952,"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":[1151,1166,27,436],"class_list":["post-21953","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"],"aioseo_notices":[],"amp_enabled":true,"views":"99","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21953","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=21953"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21952"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}