{"id":81568,"date":"2023-07-11T15:36:30","date_gmt":"2023-07-11T12:36:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81568"},"modified":"2025-09-11T23:41:09","modified_gmt":"2025-09-11T20:41:09","slug":"russian-users-lead-traffic-to-major-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-users-lead-traffic-to-major-crypto-exchanges\/","title":{"rendered":"Russian Users Lead Traffic to Major Crypto Exchanges"},"content":{"rendered":"<p>In June, Russians generated the majority of traffic to crypto exchanges Binance (6%), Bybit (19%), Gate (10%), Bitget (16%) and Huobi (17%). This was reported by journalist Colin Wu in his <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-report-in-june-spot-and\">blog<\/a>.<\/p>\n<p>According to him, last month total traffic to centralized trading platforms fell by 8%. The worst performers were Huobi (-37%), Bitget (-29%), and Bitfinex (-27%). In the top three by growth were Deribit (46%), OKX (11%), and Bybit (5%).<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/69ee4332-a48f-42d7-9617-d889c21f8a40_912x550.webp\\\" alt=\\\"69ee4332-a48f-42d7-9617-d889c21f8a40_912x550\\\" class=\\\"wp-image-211321\\\"\/><figcaption class=\\\"wp-element-caption\\\">Traffic to decentralized crypto exchanges. Data: Colin Wu.<\/figcaption><\/figure>\n<p>Meanwhile, the total volume of spot trading on centralized exchanges (CEX) rose by 10.4%. In this metric, leaders were Bitmart (61%), Upbit (48%), and Bybit (35%). The worst performers were Crypto.com (-18%), Huobi (-17%), and MEXC (-11%).<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/36f89fe9-3037-478f-add8-ea338d765516_912x749.webp\\\" alt=\\\"36f89fe9-3037-478f-add8-ea338d765516_912x749\\\" class=\\\"wp-image-211323\\\"\/><figcaption class=\\\"wp-element-caption\\\">Spot trading volume on decentralized crypto exchanges. Data: Colin Wu.<\/figcaption><\/figure>\n<p>The average futures trading volume also rose by 9.5%. Leading were Bitmart (46%), Deribit (15%), and KuCoin (14%). The largest negative figures were Crypto.com (-29%), Gate (-17%), and BitMEX (-5%).<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/e0c66174-e349-4f02-b42c-983824971d13_912x749.webp\\\" alt=\\\"e0c66174-e349-4f02-b42c-983824971d13_912x749\\\" class=\\\"wp-image-211325\\\"\/><figcaption class=\\\"wp-element-caption\\\">Futures trading volume on decentralized crypto exchanges. Data: Colin Wu.<\/figcaption><\/figure>\n<p>As Kaiko data show, the total trading volume across cryptocurrency exchanges for April\u2013June <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-flag-drop-in-exchange-turnover-to-2020-levels\">has fallen to its lowest level<\/a> since Q4 2020. One of the factors cited by experts behind the decline is Binance\u2019s reinstatement of commissions for the most liquid BTC pairs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In June, Russians generated the majority of traffic to crypto exchanges Binance (6%), Bybit (19%), Gate (10%), Bitget (16%), and Huobi (17%).<\/p>\n","protected":false},"author":1,"featured_media":81569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,167,27],"class_list":["post-81568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-research","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81568"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81568\/revisions"}],"predecessor-version":[{"id":81570,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81568\/revisions\/81570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81569"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}