CEX spot and contract trading volume fell 20% month-on-month in May, while open interest increased 30.5%
According to CCData BTC and ETH maintaining range fluctuations in May, the total trading volume of spot and derivative transactions on centralized trading platforms in May decreased by 20.1% to 5.27 trillion US dollars. However, the open interest of derivative trading platforms increased by 30.5% to 55.2 billion US dollars. The open interest of the three major derivative trading platforms Binance, OKX, and Bitget increased by 33.2%, 22.1%, and 39.2%, respectively, reaching 21.3 billion US dollars, 7.26 billion US dollars, and 9.74 billion US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
