• bitcoin

    Bitcoin (BTC)

    $ 4,018.70 0.89%
  • ethereum

    Ethereum (ETH)

    $ 137.52 1.80%
  • ripple

    XRP (XRP)

    $ 0.311973 0.82%
  • stellar

    Stellar (XLM)

    $ 0.108048 2.33%
  • eos

    EOS (EOS)

    $ 3.68 2.41%

Cryptocurrency

Analysis of cryptocurrency exchange traffic: Could results hint at faked volume?

Quick Take

  • 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.