What's Causing The Decline In Web Traffic Of Most CEX Exchanges?

Mr.right85

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Quote from: R1dwanRz on May 09, 2024, 01:02:41 PM

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?

There have been news going about with governments of nations looking up some of these CEX and their CEOs. Of course this have to create some panic in the minds of some users as, most of the target options for government are the big and established exchanges. With users not knowing which way it could turn, it stirs them to look out for more available options until things gets clear.
Some nations are placing a restriction on cryptocurrency activities, removal of local currency, P2P options and the big or established CEX are the ones been put in the front of this fight. It’s got to cause a reduction in traffic as users continues to search for other available options. Decentralization is the way to go about cryptocurrency and until that is been archived to some length, we could always see the government looking about it’s centralized aspects for some regulations.

Bulltard

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Quote from: TheUltraElite on May 14, 2024, 08:57:23 AM

Whats up with all these shills of bitget?

airdrop coming. BWB or some shit is the token

TheUltraElite

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So anyway, I applied as a merit source :)

Whats up with all these shills of bitget?

There is no drop in traffic, they are working fine and people are using them fine as well. CEXs are like the center point of buying crypto, rather people are more scared to use DEXs. Most CEXs are expanding their operations in different niche crypto communities and countries to get those people into their traffic, which as always is ever increasing.

Nothing really to worry about though and even if there was, we forum members would be powerless to stop it.

tabas

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🌀 Cosmic Casino

Quote from: R1dwanRz on May 09, 2024, 01:02:41 PM

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?

I don't think that they're decreasing in percentage or volume or taffic, right now that we're done with the halving and etfs here and there. Do you think that metric and stats are actually true? I don't think so. Well, I might be the one who's wrong here but I don't think that these are important matters. With airdrops and launchpools that they're introducing, everybody want to take their share with that so, with having this kind of analytics. There could be some bias on it with what you're talking about as I have seen a lot of bitget shills in the forum.

Bournesparks

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Quote from: Potato Chips on May 09, 2024, 04:33:28 PM

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.

Potato Chips

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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.

R1dwanRz

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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?

Topic: What's Causing The Decline In Web Traffic Of Most CEX Exchanges? (Read 159 times)