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Why crypto exchanges show volume gains without a real recovery

Why crypto exchanges show volume gains without a real recovery


7h05 â–ª
3
min read â–ª by
Fenelon L.

Summarize this article with:

In May 2026, major crypto exchange platforms showed a facade of stability. Spot transaction volumes rose by only 0.1% on the main platforms, according to data compiled by Wu Blockchain. Behind this apparent calm, market shares moved significantly.

A perplexed analyst observes a stagnant counter despite a surge in crypto trading volume, revealing a surprising market paradox.A perplexed analyst observes a stagnant counter despite a surge in crypto trading volume, revealing a surprising market paradox.

In brief

  • The overall spot volume of exchanges increased by 0.1% in May 2026, while derivatives gained 1.1%.
  • OKX recorded the highest increase in spot volumes (+20.3%), ahead of Kraken…

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