{"id":88129,"date":"2023-12-12T09:56:41","date_gmt":"2023-12-12T07:56:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88129"},"modified":"2025-09-13T16:07:42","modified_gmt":"2025-09-13T13:07:42","slug":"russia-accounted-for-up-to-20-of-traffic-to-major-bitcoin-exchanges-in-november","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russia-accounted-for-up-to-20-of-traffic-to-major-bitcoin-exchanges-in-november\/","title":{"rendered":"Russia accounted for up to 20% of traffic to major Bitcoin exchanges in November"},"content":{"rendered":"<p>The cryptocurrency exchange Bybit in November was the most visited trading platform by Russian users \u2014 they accounted for 20% of total traffic, according to <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-in-nov-spot-trading-volume\">Wu Blockchain<\/a>.<\/p>\n<p>A similarly high share of Russians was recorded on HTX \u2014 14%, on Deribit and MEXC \u2014 11% each, and Bitget \u2014 10%.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"889\" height=\"994\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/d999cb9d-44b5-424e-a74c-2628b577a8ab_889x994.webp\" alt=\"d999cb9d-44b5-424e-a74c-2628b577a8ab_889x994\" class=\"wp-image-221884\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/d999cb9d-44b5-424e-a74c-2628b577a8ab_889x994.webp 889w, https:\/\/u1f987.com\/wp-content\/uploads\/d999cb9d-44b5-424e-a74c-2628b577a8ab_889x994-268x300.webp 268w, https:\/\/u1f987.com\/wp-content\/uploads\/d999cb9d-44b5-424e-a74c-2628b577a8ab_889x994-768x859.webp 768w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\" \/><figcaption class=\"wp-element-caption\">Data: Wu Blockchain.<\/figcaption><\/figure>\n<p>Ukraine-based customers accounted for 8% of HTX&#8217;s total traffic and 5% of Binance&#8217;s.<\/p>\n<p>Among U.S. residents, Coinbase accounts for 59% and Crypto.com 26%.<\/p>\n<p>Spot-trading volume rose in November by 60% month on month. The top three by volume were Binance, Upbit and OKX. Notable volume growth was seen in KuCoin \u2014 109.2%, OKX \u2014 93.4% and MEXC \u2014 69.7%.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"966\" height=\"792\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/d38084c6-c88d-4b61-a182-e33cc9d2c644_966x792.webp\" alt=\"d38084c6-c88d-4b61-a182-e33cc9d2c644_966x792\" class=\"wp-image-221885\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/d38084c6-c88d-4b61-a182-e33cc9d2c644_966x792.webp 966w, https:\/\/u1f987.com\/wp-content\/uploads\/d38084c6-c88d-4b61-a182-e33cc9d2c644_966x792-300x246.webp 300w, https:\/\/u1f987.com\/wp-content\/uploads\/d38084c6-c88d-4b61-a182-e33cc9d2c644_966x792-768x630.webp 768w\" sizes=\"auto, (max-width: 966px) 100vw, 966px\" \/><figcaption class=\"wp-element-caption\">Data: Wu Blockchain.<\/figcaption><\/figure>\n<p>Futures trading grew 44.4% month on month. The leader in this segment remains Binance, followed by Crypto.com, OKX and Bybit.<\/p>\n<p>Earlier, after <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-exit-the-russian-market\">Binance&#8217;s exit from Russia<\/a>, a portion of users <a href=\"https:\/\/u1f987.com\/en\/news\/russian-binance-customers-switch-to-other-platforms\">moved<\/a> to other platforms instead of using the CommEX exchange. The inflow of new clients from Russia was recorded on Bybit, HTX, KuCoin and Gate.io.<\/p>\n<p>In October, Russians took <a href=\"https:\/\/u1f987.com\/en\/news\/russians-switch-from-binance-to-bybit-htx-and-deribit\">first place in visits<\/a> among the top two.<\/p>\n<p>Meanwhile, according to the Bank of Russia, the third quarter saw a <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-estimates-the-volume-of-bitcoin-operations-in-the-country-at-1-68-trillion-rubles\">significant outflow<\/a> of users from trading platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit was the most visited trading platform by Russian users in November, accounting for 20% of total traffic.<\/p>\n","protected":false},"author":1,"featured_media":88130,"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":[744,1151,1152,27,436,16],"class_list":["post-88129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bybit","tag-htx","tag-russia","tag-trading","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88129","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=88129"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88129\/revisions"}],"predecessor-version":[{"id":88131,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88129\/revisions\/88131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88130"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}