In October, users from Russia took first place in the number of visits to the Bybit, HTX and Deribit cryptocurrency exchanges. This is reported by Wu Blockchain.
On Bybit and HTX, the share of visitors from the Russian Federation was 17% of the total, on Deribit – 16%.
Russian clients of Binance accounted for 5% of traffic.
The largest share of visitors from the United States was recorded on Coinbase (57%) and Crypto.com (25%).
In general, according to the publication, in October, traffic to crypto exchanges increased by 15.6% compared to the previous month.
Spot trading volumes on major platforms increased by 57.5%. The top three included Crypto.com – 200.8%, Upbit – 74.7% and Bybit – 72.7%.
Derivatives trading also grew by 44.5% month-on-month. The leaders are Deribit – 260%, Crypto.com – 199.2% and BitMEX – 170.6%
After the announcement of Binance’s departure from the Russian Federation, some users switched to new platforms instead of the alternative in the form of the CommEX exchange. Bybit, HTX, KuCoin and Gate.io recorded an influx of new clients from the Russian Federation.
Earlier, 0xScope analysts reported that Binance’s share had declined amid increased competition. Against this background, OKX and Coinbase are strengthening their positions.
Source: Cryptocurrency
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