Web traffic

Web Traffic to Crypto Exchanges in November Reaches Second Highest Level for 2021

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Crypto exchange websites recorded internet traffic of 546.6 million visits in November, according to The Block Research.

November’s website traffic figure is the second highest in 2021 behind May’s 638.2 million visits. December 2017 – the peak of the crypto bull run from this year – is probably the monthly period with the highest cryptocurrency exchange website traffic.

Crypto exchange web traffic

Despite regulatory challenges across the globe, Binance still accounted for more than a third of the crypto exchange website’s total traffic. Coinbase contributed almost a fifth of the total figure to place with KuCoin and Bybit third and fourth respectively.

According to Lars Hoffmann of The Block Research on Twitter, retail customer inflows from merchants in the United States helped KuCoin and Bybit rank high in the rankings.

Share of web traffic crypto exchanges

Reaching 546.6 million, the November web traffic figure was a 15.5% month-over-month increase. Since experiencing back-to-back volume declines in June and July, crypto exchange web traffic has been on the rise.

This increase in web traffic has been accompanied by the recovery of the crypto market that occurred in the third quarter after the market decline in May that saw cryptocurrency prices fall by more than 50%. The volume of transactions has also increased steadily over the same period.

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