CEX Data Report for March: Spot Trading Volume Doubles

Data compiled by the Wublockchain team shows:

Spot trading volume on major exchanges increased by 134% month-on-month in March. The top three exchanges in terms of change were KuCoin at 262%, Upbit at 198%, and Bitget at 174%. The bottom three were Crypto.com at 45%, Mexc at 46%, and HTX at 86%.

Derivatives trading volume on major exchanges increased by 47% month-on-month in March. The top three in terms of change were Bitget at 148%, OKX at 105%, and KuCoin at 99%. The bottom three were Binance at -18%, Mexc at 32%, and Crypto.com at 34%.

Website traffic on major exchanges increased by 43% month-on-month in March. The top three in terms of change were Crypto.com at 102%, Bitfinex at 86%, and Upbit at 80%. The bottom three were OKX at 10%, Gate at 21%, and Bitget at 23%.

Note: The following data may be subject to significant suspicion of wash trading/bot activity. Spot and derivatives data are from Coingecko; traffic data is from Similarweb.