- The most visited crypto exchanges were Binance and Coinbase with more than 57 million visits
- Exchange volume doesn’t seem to be correlated to traffic
- The most traffic in November came from the United States with 22.3 million visits
- The vast majority of traffic is direct (78%) or resulting from an organic search (11%)
The Blockchain Transparency Institute released a research report in August which estimated that over $6 billion dollars in daily trade volume is being faked with over 67% of daily volume being wash traded. This disturbing discovery could mean fraud is rampant in the industry, but The Block looked deeper for a more precise analysis of the situation.