OKX reported a 20.3% surge in spot trading volume for May 2026, delivering the strongest uptick among leading crypto exchanges.
Spot Trading Activity
Across the sector, spot volume barely moved, rising only 0.1% month‑over‑month, which kept overall market conditions essentially flat. Kraken added 7.0% to its spot turnover, while Bitget posted a 4.8% increase, reflecting modest gains for investors. Conversely, Upbit, Uniswap and KuCoin experienced notable drops of 15.8%, 13.3% and 10.4% respectively, signaling a shift in market share rather than a broad rally.
Derivatives Market Momentum
Derivatives trading displayed a slightly more vigorous stance, climbing 1.1% in May and drawing attention from crypto traders. Coinbase led the charge with a 19% rise in derivatives activity, followed by Kraken’s 9.9% boost and Crypto.com’s 9.6% growth, underscoring renewed investor confidence.