Coinbase's Web traffic surges 64% month-over-month as exchanges see 158.8 million visits in November

advertisement

Crypto exchanges received nearly 159 million Web visits in November, according to data from SimilarWeb, with Binance and Coinbase scoring significant month-over-month gains.

According to the data, Binance saw 44.74 million visits in November, compared to 31.46 in October — a 42.2% gain. 

Coinbase drew in some 37.48 million visits in November, a 64% gain compared to October's 22.86 million, per SimilarWeb.

Crypto exchange web traffic

Source: Similarweb, The Block Research

Crypto exchanges such as Kraken, Upbit, BitFlyer and Bitstamp saw increases whereas others, such as OKEx and BitMEX, saw declines. OKEx's decline is perhaps expected given that it moved to suspend user funds withdrawals in mid-October and resumed them on November 27.

Share of web traffic crypto exchanges

Source: Similarweb, The Block Research

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

REVOLUTIONARY ONE-CLICK-TO-FARM DEFI PLATFORM, DEFIATO, PAVES THE WAY IN CEDEFI

With more than $100 billion in market cap across all chains, it is likely that the DeFi market cap will grow to $200 billion by 2025. However, many users still face various technical barriers when using decentralised platforms to do on-chain farming, staking and trading, while off-chain solutions face liquidity issues, fiat restrictions and the lack of a central multichain to support crypto assets and institutional-grade custodians. 
Read Full Story
Sponsored Post
More