Crypto Exchange Data Revealed: Rise! The Biggest Volume Increase Has Been Seen In These Three Exchanges!

Big cryptocurrency spot trading volumes on the stock exchanges increased by 9.6% in March compared to the previous month.

Large Volume Increase in Cryptocurrency Exchanges in March

The three biggest increases are:

• Gate.io (+117%)
• Bybit (+13%)
• on Bitfinex (+61%)

The three lowest increases are:

• Upbit (-15%),
• Binance (+3%)
• on KuCoin (+6%)

Derivatives trading volume on major exchanges increased by 46.8% in March compared to the previous month.

The three biggest increases are:

• Bitfinex (+123%)
• Deribit (+12%)
• on Gate.io (+66%)

The lowest three increases

• Crypto.com (-5%)
• bitget (+21%)
• in Kucoin (+28%)

Website traffic to major exchanges increased by 13% in March compared to the previous month.

The first three increases

• Mexico (+81%)
• Gate.io (+64%)
• on Bybit (+35%)

The three lowest increases are:

• Huobi (22%)
• BitMart (18%)
• on Bitfinex (%one)

However, there may be serious wash trading and bot activity in the data in question.

Wash trading is a type of market manipulation that involves placing buy and sell orders on the same account or with a coordinated group of accounts to produce the illusion of high trading volume and activity.

This can be done to attract more investors, inflate the price of an asset, or to avoid taxes or regulations. Wash trading is illegal in most regulated markets such as stocks and commodities, but bitcoin and still prevalent in some unregulated or poorly regulated markets such as cryptocurrencies.

In addition, according to the data, it is in the spot volume ranking of 559 billion dollars. Binance still maintains the lead. With $63 billion after Binance upbit, with 57 billion dollars OKX and with $48 billion coinbase is coming.

Looking at the futures market Binance It is still the leader with 1.75 trillion dollars. With $519 billion after Binance OKX and with $383 billion Bybit is coming.

However, according to SimilarWeb data, Turkey is the country that contributes the most to Binance’s website traffic.

*Not investment advice.