CEX Data Report in Mar: Both Spot and Derivatives Volumes Rose Sharply

Data compiled by the WuBlockchain shows that:

Spot trading volumes on major exchanges rose by 9.6% month-over-month in March. The top three increases were Gate +117%, Bybit +113% and Bitfinex +61%. The bottom three were Upbit -15%, Binance +3% and KuCoin +6%.

Derivatives volume on major exchanges rose 46.8% month-over-month in March. The top three increases were Bitfinex +123%, Deribit +112% and Gate +66%. The bottom three were Crypto.com -5%, Bitget +21% and Kucoin +28%.

Website traffic to the major exchanges rose 13% month-over-month in March. The top three increases were Mexc +81%, Gate +64% and Bybit +35%. The bottom three were Huobi -22%, BitMart -18%, and Bitfinex -1%.

Note: The following data may be subject to serious concerns of wash trading/bot activities. Spot and derivatives data are from Coingecko, while traffic data is from Similarweb.