According to the latest statistics, crypto exchanges such as Binance and Coinbase maintained their first places with a significant lead in October.
Crypto traders have been clear about where they trade the best for a long time, and this is confirmed by the latest statistics from Coin98. This time, analysts focused on the month of October and web traffic of top crypto exchanges.
As we can see in the picture above, Binance dominated the first place with a high lead of 31.46M visits. Binance managed to reach the very top in just 3 years and has been the most popular crypto exchange worldwide for a long time. Binance was founded in 2017 in China but before its ban on crypto trading, which came into force in September 2017, it moved its headquarters from China to Japan. Binance states that it performs an average of 1,400,000+ transactions per second.
The second place with 22.86M visits belongs to the second most popular crypto exchange Coinbase. Coinbase loses less than 10M to the first place, but holds a significant lead over the others. Coinbase was founded in 2012 and, compared to Binance, has a much longer history. The company states that it currently registers more than 35M users in more than 100 countries around the world.
In terms of other places, OKEx took the third place with 6.01M, followed by BitMex with 4.38M, Bithumb with 4.29M, Uniswap 4.03M, Kraken 3.98M, Huobi 3.22M, Bittrex 1.88M and in the last place in the TOP10 is Bitfinex with 1.58M visits.
In 2020, however, crypto exchanges also registered reduced interest, especially in holding Bitcoins directly in these places. Crypto hodlers probably began to prefer holding of BTC at offline wallets more, as evidenced by the fact that the aggregated exchange balance fell below 2.4M BTC for the first time since August 2018. The statistics are improved by the circulating BTC supply, which has increased by 1.3M BTC since August 2018.
Read also: BTC hodlers do not want to sell and are moving their funds away from exchanges
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