CEX Data Report in Feb: Spot and Derivatives Volumes Both Slightly Up
Data compiled by the WuBlockchain shows that: Spot trading volumes on major exchanges rose by 13.7% month-over-month in February. The top three gainers were Gate (+41%), Bitget (+29%), and Mexc (+26%), while the top three decliners were Coinbase (-28%), Bitfinex (-15%), and Crypto.com (-3%). Derivatives trading volumes on major exchanges also increased by 9.8% month-over-month in February. The top three gainers were Mexc (+38%), Bitmex (+28%), and Huobi(+23%), while the top three decliners were KuCoin (-23%), Crypto.com (-15%), and Bitget (-2%). Website traffic on major exchanges rose by 17.1% month-over-month in February. The top three gainers were Huobi (+383%), Mexc (+58%), and Bitget (+18%), while the top three decliners were Coinbase (-9%), OKX (-7%), and Binance (-7%). 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. Because the Phemex exchange data is seriously suspected of falsification, we have removed it from the report.
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