According to an analysis by The Block, the number of visitors to cryptocurrency exchanges has fallen considerably since June. Larry Cermak writes this in an article published by The Block on November 7.
Cermak investigated 37 exchanges and looked at the monthly visitor numbers. The analysis shows that since June the number of visitors has fallen sharply. Compared to the September data, the number of visitors to all exchanges has fallen by 37% since June.
In September a total of 103.6 million people visited cryptocurrency exchanges. Visitors to Coinbase, Binance, BitMEX, and Bithumb make up 50% of it. In June, more than 150 million people visited the 37 exchanges.
Coinbase received the most visitors during the period under review (April to September 2019). Coinbase saw around 157 million visitors in this period. Binance is in second place and received 148 million visitors.
In May the number of visitors started to increase considerably compared to April. This is probably due to the fact that the bitcoin (BTC) rate in this month started a hefty price rally that will continue in the long term.
Earlier today we wrote that Coinbase now supports the strike of tezos (XTZ). This allows Coinbase users with XTZ in their wallet to receive rewards for owning XTZ.
The crypto exchange Binance recently published a new protocol for wallet and custody services. According to CEO Changpeng Zhao, the protocol would be “superior” to multi-sig.