Spot Volume Data of Cryptocurrency Exchanges Announced: Exchanges Pointed by CZ Crashed!

Large cryptocurrency Spot trading volumes on the stock exchanges decreased by 13% in November compared to the previous month.

Bitget, Coinbase and Huobi Are the Exchanges That Showed the Success of Highest Increase in Spot Volume

The top three best performing exchanges were Bitget +97%, Coinbase +26% and Huobi +15%. The three biggest drops were Phemex -78%, BitMart-64% and Kucoin -63%.

Futures volume on the main exchange increased by 0.4% month-on-month in November, but most of the liquidity was withdrawn from other exchanges and concentrated on the main exchange. The three biggest increases were recorded as 21% for Binance, 20% for Bitget and 15% for OKX. The three biggest drops were Phemex -62%, Kucoin -44% and BitMart -43%.

Increased Traffic to Cryptocurrency Exchanges

Traffic to the websites of major exchanges increased by 2.1% in November compared to the previous month. The top three exchanges with the highest increase were Coinbase 14%, Deribit 5% and OKX 0.7%. The top three exchanges with the most declines were Bitfinex -1.5%, Upbit -0.6% and Kucoin -0.4%. The main sources of traffic are listed as the United States, Russia and South Korea.

However, it was noteworthy that the major exchanges that suffered losses in spot trading volumes were those that were implicitly pointed out by Binance CEO Changpeng Zhao in the past few weeks. Gate.io and KuCoin were criticized anonymously by the Binance CEO.

similarly criticized bitcoin However, it was noteworthy that the spot volume increased on Crypto.com.

*Not investment advice.