In December, up to 19% of the traffic on major cryptocurrency exchanges was attributed to Russia. ๐ Russian users took the lead in the number of visits to Bybit, MEXC, and HTX exchanges. ๐ In December 2023, cryptocurrency exchange traffic grew by over 20%, and spot trading volumes increased by 27.4% compared to the previous month. ๐ Russian users topped the list for visits to Bybit, HTX (formerly Huobi), and MEXC.
On Bybit, Russian visitors accounted for 19% of the total in October, on MEXC โ 12%, on HTX โ 11%. The highest percentage of visitors from the United States in October was recorded on Coinbase (59%) and Crypto.com (27%).
According to the study, spot trading volumes on major crypto exchanges increased by 27.4% in November compared to the previous month, with the highest growth on Gate.io (65%), Crypto.com (50%), and Bybit (44%).
Futures trading also increased by 22.3% month over month, with the highest volume growth on Crypto.com (46%), Bidget (42%), and Binance (26%).
On January 10, the "Fear and Greed Index," reflecting market participants' sentiments, rose to 76 points out of 100, indicating "Extreme Greed" and suggesting active cryptocurrency buying. ๐ The last time such a high index value was observed was in early November 2021, just before the bitcoin price reached its all-time high of $69,000. ๐
