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.
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