CEX Data Report in May: Spot volume declines to the lowest in last 2 years

Data compiled by the WuBlockchain shows that:

Spot trading volume on major exchanges fell 28% in May compared to the previous month. The top three changes were Bitget at 7%, Huobi at -7% and Bybit at -9%. The bottom three were Upbit -58%, Bitmart -48%, and Bitfinex -41%.

Derivatives trading volume on major exchanges fell 15.5% in May compared to the previous month. The top three changes were Huobi 53%, Bitmex 8% and Mexc -6%. The bottom three were Bybit -26%, Crypto.com -24% and Kucoin -23%.

Website traffic to major exchanges fell 4% in May compared to the previous month. The top three changes were Bitmart 96%, Bitfinex 73% and Bitget 18%. The bottom three are Huobi -37%, Deribit -29% and Bybit -19%.

Note: The following data may have serious issues with wash trading/bot suspicion. Spot and derivatives data are from Coingecko; traffic data is from Similarweb.