{"id":86991,"date":"2023-11-14T11:29:49","date_gmt":"2023-11-14T09:29:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86991"},"modified":"2025-09-13T09:03:21","modified_gmt":"2025-09-13T06:03:21","slug":"russians-switch-from-binance-to-bybit-htx-and-deribit","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russians-switch-from-binance-to-bybit-htx-and-deribit\/","title":{"rendered":"Russians switch from Binance to Bybit, HTX and Deribit"},"content":{"rendered":"<p>In October, Russian users topped the list of visits to cryptocurrency exchanges Bybit, HTX and Deribit. <a href=\\\"https:\/\/wublock.substack.com\/p\/cex-data-in-oct-volume-increased\\\">Wu Blockchain<\/a> reports.<\/p>\n<p>For Bybit and HTX, the share of visitors from Russia stood at 17% of the total, while on Deribit it was 16%.<\/p>\n<p>Traffic from Russian customers to Binance accounted for 5%.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"889\\\" height=\\\"994\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/9b775cc5-fce2-4537-bdfc-77d0eb112459_889x994.webp\\\" alt=\\\"9b775cc5-fce2-4537-bdfc-77d0eb112459_889x994\\\" class=\\\"wp-image-219969\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/9b775cc5-fce2-4537-bdfc-77d0eb112459_889x994.webp 889w, https:\/\/forklog.com\/wp-content\/uploads\/9b775cc5-fce2-4537-bdfc-77d0eb112459_889x994-268x300.webp 268w, https:\/\/forklog.com\/wp-content\/uploads\/9b775cc5-fce2-4537-bdfc-77d0eb112459_889x994-768x859.webp 768w\\\" sizes=\\\"auto, (max-width: 889px) 100vw, 889px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: Wu Blockchain.<\/figcaption><\/figure>\n<p>The largest share of visitors from the United States was recorded on Coinbase (57%) and Crypto.com (25%).<\/p>\n<p>Overall, the publication notes that October\u2019s exchange traffic rose by 15.6% from the previous month.<\/p>\n<p>Spot trading volumes on major platforms rose 57.5%. In the top three were Crypto.com \u2014 200.8%, Upbit \u2014 74.7% and Bybit \u2014 72.7%.<\/p>\n<p>Derivatives trading also rose by 44.5% month-on-month. Leading were Deribit \u2014 260%, Crypto.com \u2014 199.2% and BitMEX \u2014 170.6%.<\/p>\n<p>After the announcement <a href=\"https:\/\/forklog.com\/en\/news\/binance-to-exit-the-russian-market\">exit of Binance from Russia<\/a>, a portion of users <a href=\"https:\/\/forklog.com\/en\/news\/russian-binance-customers-switch-to-other-platforms\">migrated<\/a> to new platforms instead of the CommEX exchange. Bybit, HTX, KuCoin and Gate.io reported inflows of new Russian clients.<\/p>\n<p>Earlier, 0xScope analysts reported that <a href=\"https:\/\/forklog.com\/en\/news\/report-binances-market-share-shrinks-as-competition-tightens\">the share of Binance declined<\/a> amid intensified competition. OKX and Coinbase strengthened their positions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October, Russian users topped the list of visits to cryptocurrency exchanges Bybit, HTX and Deribit.<\/p>\n","protected":false},"author":1,"featured_media":86992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1151,230,27],"class_list":["post-86991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bybit","tag-huobi","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86991","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=86991"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86991\/revisions"}],"predecessor-version":[{"id":86993,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86991\/revisions\/86993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86992"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}