Russians accounted for more than 1/4 of Bybit crypto exchange visitors in April

Wu Blockchain analysts, citing SimilarWeb, found that 26% of Bybit crypto exchange visitors in April 2025 came from Russia, making the country the largest region in terms of visits.

HTX and KuCoin recorded 11% and 5% of the Russian audience, respectively, over the same period. The Deribit platform, previously popular among Russian traders, stopped serving clients from the Russian Federation in February 2025. On May 8, 2025, it was acquired by Coinbase for $2.9 billion, which emphasized the interest of major players in consolidation in the industry.

April 2025 was a record month for MEXC, with traffic up 14%. At the same time, other exchanges saw activity decline by 20% or more, due to seasonal fluctuations and changes in the regulatory environment. The US remains a key market for Coinbase and Crypto.com, with US users accounting for 68% and 46%, respectively. For Binance, the leader in trading volumes, India (9%), Vietnam (7%), and South Korea (6%) were the top markets for traffic.

Earlier it was reported that the Russian Ministry of Finance, together with the Central Bank, will launch a platform for working with digital assets, which will be aimed at investors with super qualifications.