CEX Trading Data Shows Elevated Volatility at MEXC and Gate

An analysis of Q2 CEX trading data reveals significant insights into trading volume and open interest across major exchanges. MEXC and Gate have reported inflated ratios, raising transparency concerns about the true nature of trading activity on these platforms. This analysis, highlighted by @WuBlockchain, suggests traders should closely monitor these metrics as they could influence market sentiment moving forward.

Breaking It Down

Market conditions in the crypto space are currently mixed, with variations in momentum across major assets. According to the recent review of Q2 centralized exchange (CEX) trading data, MEXC recorded the highest open interest-to-reserve (OI/PoR) ratio at 3.06x, while Gate followed closely at 2.33x. Notably, KuCoin’s trading activity normalized after incentive programs were reduced, contrasting with MEXC and Gate, which continue to show elevated trading ratios. This discrepancy suggests that while some exchanges maintain consistent trading volumes, others may reflect inflated metrics due to declining reserves.

… Continue reading the full article at the original source below.