CEX spot and contract volume down 20% YoY in May, open interest up 30.5%
Combined spot and derivatives trading volume on centralized trading platforms fell 20.1% to $5.27 trillion in May as BTC and ETH remained largely range-bound in May, CCData confirmed. However, open interest on derivatives trading platforms increased by 30.5% to $55.2 billion. Open interest on the three largest derivatives trading platforms, Binance, OKX and Bitget, increased by 33.2%, 22.1% and 39.2% to $21.3 billion, $7.26 billion and $9.74 billion, respectively.
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Data: The current Crypto Fear & Greed Index is 15, indicating a state of extreme fear.