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Topic: What's Causing The Decline In Web Traffic Of Most CEX Exchanges? (Read 23 times)

jr. member
Activity: 42
Merit: 1
I don't buy any kind of funds assurance from these exchanges lol. At the end of the day, it's a custodial wallet and not your keys, not your bitcoins.

But this most likely has to do with the BTC price decline however, it's nothing new during a downtrend. We should see a traffic surge once again when the market has become extremely bullish just like what happened in previous bull runs.

Perhaps people whose place were restricted from binance took a refuge on those few exchanges that had an increased traffic -- just a guess.

I checked the link and it's about web traffic for cex, platforms that was most visited during the time the data was taken.. your guess might be correct or probably those cex seeing much traffic are giving users quality service and their reputation is growing.
hero member
Activity: 2674
Merit: 865
yesssir! 🫡
I don't buy any kind of funds assurance from these exchanges lol. At the end of the day, it's a custodial wallet and not your keys, not your bitcoins.

But this most likely has to do with the BTC price decline however, it's nothing new during a downtrend. We should see a traffic surge once again when the market has become extremely bullish just like what happened in previous bull runs.

Perhaps people whose place were restricted from binance took a refuge on those few exchanges that had an increased traffic -- just a guess.
newbie
Activity: 94
Merit: 0
Hey guys, I am pretty sure most people here trade BTC/ETH in CEX.. Many CEXs assure users about their funds by emphasizing strong security measures, a clean Proof of Reserves (PoR) record, and well-funded user protection programs.

Now I'm not completely saying that CEX is dead or something but a recent report from SimilarWeb shows that in April, some of the exchanges like Binance, coinbase, bybit and more, all seeing double-digit percentage decreases. But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.
https://twitter.com/ICO_Analytics/status/1788212200357650655
It would be interesting to hear your thoughts on this. Are you seeing a similar trend in your use of exchanges? Do you believe CEXs can reverse this decline in web traffic?
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