Cex Data: Trading Volume Stagnates, Website Traffic Plummets by 13%!

Key Points:

• In January, major exchanges experienced a 2.6% rise in spot trading volume. Bitfinex, Crypto.com, and Huobi led with impressive change rates, while others faced setbacks.
• Derivatives trading saw a positive trend, with Bitget, Crypto.com, and Mexc leading the pack. Despite some declines, the overall derivatives market showed resilience.
• Despite the trading boom, major exchanges collectively faced a 13% drop in website traffic. The article also cautions readers about potential volume manipulation and bot-related activities.

In the dynamic landscape of cryptocurrency exchanges, January witnessed notable shifts Cex data in trading volumes and website traffic across major platforms.

Spot Trading Volume Surge

In January, major exchanges experienced a 2.6% month-on-month increase in spot trading volume. Noteworthy leaders in this upward trajectory were Bitfinex, Crypto.com, and Huobi, showcasing change rates of 20%, 16%, and 16%, respectively. On the flip side, Gate faced a significant setback with a -26% change rate, followed by Mexc at -16%, and BitMart at -4%.

Derivatives Trading Volume Insights

Derivatives trading volume also saw a positive trend with a 1.3% month-on-month increase. Leading the pack were Bitget, Crypto.com, and Mexc, with change rates of 28%, 15%, and 14%, respectively. However, Huobi, Kucoin, and Binance experienced declines, showing change rates of -11%, -7%, and -3%.

Website Traffic Dynamics

Contrary to the trading volume trends, major exchanges collectively witnessed a 13% month-on-month decrease in website traffic in January. Upbit, Deribit, and BitMart emerged as the top performers with change rates of 13%, 6%, and 1%, respectively. On the other end of the spectrum, Huobi faced a substantial -32% change rate, accompanied by Bitfinex at -22%, and Crypto.com at -11%.

It is crucial to note a disclaimer regarding potential volume manipulation or bot-related activities in the provided data. As the crypto industry evolves, staying informed about these fluctuations becomes essential for market participants and enthusiasts alike.