January CEX Data Report: Significant Declines in Trading Volume Across Major CEXs, Spot Down 25%, Derivatives Down 17%, Website Traffic Relatively Stable

Author | WuBlockchain

According to data collected by the WuBlockchain team, spot trading volume on major central exchanges in January 2025 decreased by 25% compared to December 2024. The top three in terms of change rate were HTX -8%, Kraken -10%, and Bybit -11%. The bottom three were Bitget -46%, Kucoin -41%, and Mexc -36%.

The derivative trading volume decreased by 17% month-over-month. The top three in terms of change rate were Gate +3%, Mexc -4%, and Deribit -18%. The bottom three were Binance -21%, Kraken -21%, and Bybit -20%.

The website traffic of exchanges decreased by 2%. The top three in terms of change rate were Gate +46%, Crypto.com +28%, and Mexc +6%. The bottom three were HTX -23%, OKX -17%, and Upbit -14%.

Note: The following data may have significant volume manipulation/robot suspicion. Spot and derivative data are from Coingecko; traffic data are from Similarweb.

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish

Comments

Post a Comment

Popular posts from this blog

Bitcoin has been declared ‘dead’ more times in 2025 than all of 2024

Image
Summary ⚈ Despite hitting new highs in 2025, Bitcoin has already faced 11 “death” declarations, more than all of 2024. ⚈ Bitcoin has faced 430 such declarations since its inception. ⚈ High-profile figures like Peter Schiff, Eugene Fama, and Anatoly Yakovenko continue to dismiss Bitcoin. Despite hitting a new record high in 2025, Bitcoin (BTC) faces a sustained wave of skepticism, reflected in a growing number of ‘death’ declarations. In the first half of 2025 alone, Bitcoin has faced 11 obituary declarations, surpassing the 10 recorded throughout all of 2024, according to data retrieved by Finbold from Bitcoin Obituaries on May 14. A Bitcoin obituary is a public claim, often by critics or institutions, that Bitcoin is worthless or doomed, usually made during periods of high volatility or price surges. Historically, Bitcoin has been pronounced ‘dead’ during nearly every market cycle. This pessimism peaked in 2017, when BTC hi...
Read more

BitMart suggests restructuring weeks after closure announcement

Image
Crypto exchange BitMart might not be shutting down after all, following this weekend’s announcement of plans to explore a potential “restructuring plan.” BitMart says the plan may involve the phased “resumption of certain operations in an orderly manner alongside distributions to creditors.” Restructuring counsel White & Case has been hired to help BitMart assess its options, while a roadmap detailing its future will be released “no later than September 9, 2026.” Read more: BitMart CPO resigns as insolvency speculation mounts Just over a month ago, on July 26, BitMart announced that it would cease all of its operations by January 31, 2027.  What followed was weeks of panic from users trying and failing to withdraw all of their assets from the exchange.  BitMart’s Chief Product Officer Terence Lee resigned in a post that distanced himself from the crypto exchange’s core operations.  Its CEO Nathan Chow was terminated prior to the...
Read more

Western Union to launch stablecoin on Solana in 2026.

Historic payment network Western Union says it plans to launch its own stablecoin on the Solana Network in 2026. The new dollar-backed stablecoin would let its 100 million customers send money internationally, detached from local fiat currency fluctuations and risks. JUST IN: Western Union to launch stablecoin on Solana in 2026. pic.twitter.com/w0rJDyqVMs — Watcher.Guru (@WatcherGuru) October 28, 2025 Per Western Union’s Tuesday announcement, the U.S. Dollar Payment Token, or USDPT, will be built on the Solana blockchain and issued by Anchorage Digital Bank. The digital token is expected to launch in the first half of 2026, and customers will be able to access it through Western Union’s partner exchanges. The Solana layer-1 blockchain network is home to plenty of successful stablecoins, and Western Union’s coin would arguably be one of the most important ones out there. “We are a long way from the telegraph, but the idea of connecting people and using technology to do ...
Read more