CEX Data Report in Nov: spot volume fell sharply，futures volume concentrated on the top CEX
WuBlockchain’s statistics showed that: Spot trading volume s on major exchanges fell 13% in November compared with the previous month. The top three were Bitget +97%, Coinbase +26% and Huobi +15%. The top three declines were Phemex -78%, BitMart-64% and Kucoin -63%. Futures trading volume on the main exchange rose 0.4% month on month in November, but a lot of liquidity was withdrawn from other exchanges and concentrated on the top exchange. The top three increases were 21% for Binance, 20% for Bitget and 15% for OKX. The three biggest declines were Phemex-62%, Kucoin-44% and BitMart-43%. Traffic to major exchanges’ websites rose 2.1% in November compared with the previous month. The top three increases were Coinbase 14%, Deribit +5% and OKX +0.7%. The top three decliners were Bitfinex -1.5%, Upbit -0.6% and Kucoin -0.4%. The main sources of traffic are the United States, Russia and South Korea. Note: The following data may have serious fraud traffic suspicion. Spot and derivatives da...