FTX, Bybit increase in web traffic despite overall drop in CEX traffic
Web traffic on FTX jumped 123% YoY, while major exchanges like Coinbase and Binance fell 46% and 40% in terms of traffic, respectively.
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The current cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen an increase in website traffic.
According to website analytics platform SimilarWeb, a few major global crypto exchanges, including Sam Bankman-Fried's FTX, saw significant increases in web traffic despite the 2022 bear market.
According to data shared with Cointelegraph, web traffic on crypto exchange FTX grew 123% year-over-year (YoY) by June 2022.
Trading platforms such as WhiteBIT and Bybit have seen even greater growth in interest, with traffic increasing by 244% and 160% respectively over the past year. Crypto exchange KuCoin has also seen a surge in interest over the past year, with its website traffic increasing 50% year-on-year.
FTX and Bybit's traffic growth has occurred against a backdrop where the majority of CEXs have experienced a massive decline in interest in their websites.
Leading US-based crypto exchange, Coinbase, saw its web traffic drop 46% year-on-year, recording one of the largest losses among crypto exchanges in the United States. United States. Competing exchanges like Kraken and Bittrex also saw traffic losses, with visits down 38% and 54%, respectively.
Traffic on global exchange Binance has dropped by around 40%, according to data from SimilarWeb. Leading blockchain browser and crypto wallet Blockchain.com also saw its traffic drop by 30%.
Crypto-friendly stock trading app Robinhood also fell in terms of traffic, with website visits down 65% year-over-year.
Despite a significant drop in website visits on many CEXs, traffic on most crypto exchanges has still increased over the past three years. Thus, web traffic on Coinbase, Kraken and Binance is up 36%, 105% and 263% respectively over the period. Traffic-growing exchanges like Bybit and FTX saw their visits skyrocket by 1600% and 9400%, respectively, over the period.
On the other hand, some platforms like Bittrex.com and Blockchain.com have seen their traffic drop even over a longer period, with visits down by 6...
Web traffic on FTX jumped 123% YoY, while major exchanges like Coinbase and Binance fell 46% and 40% in terms of traffic, respectively.
New
The current cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen an increase in website traffic.
According to website analytics platform SimilarWeb, a few major global crypto exchanges, including Sam Bankman-Fried's FTX, saw significant increases in web traffic despite the 2022 bear market.
According to data shared with Cointelegraph, web traffic on crypto exchange FTX grew 123% year-over-year (YoY) by June 2022.
Trading platforms such as WhiteBIT and Bybit have seen even greater growth in interest, with traffic increasing by 244% and 160% respectively over the past year. Crypto exchange KuCoin has also seen a surge in interest over the past year, with its website traffic increasing 50% year-on-year.
FTX and Bybit's traffic growth has occurred against a backdrop where the majority of CEXs have experienced a massive decline in interest in their websites.
Leading US-based crypto exchange, Coinbase, saw its web traffic drop 46% year-on-year, recording one of the largest losses among crypto exchanges in the United States. United States. Competing exchanges like Kraken and Bittrex also saw traffic losses, with visits down 38% and 54%, respectively.
Traffic on global exchange Binance has dropped by around 40%, according to data from SimilarWeb. Leading blockchain browser and crypto wallet Blockchain.com also saw its traffic drop by 30%.
Crypto-friendly stock trading app Robinhood also fell in terms of traffic, with website visits down 65% year-over-year.
Despite a significant drop in website visits on many CEXs, traffic on most crypto exchanges has still increased over the past three years. Thus, web traffic on Coinbase, Kraken and Binance is up 36%, 105% and 263% respectively over the period. Traffic-growing exchanges like Bybit and FTX saw their visits skyrocket by 1600% and 9400%, respectively, over the period.
On the other hand, some platforms like Bittrex.com and Blockchain.com have seen their traffic drop even over a longer period, with visits down by 6...
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