Web traffic for cryptocurrency exchanges hit all-time high in May
Crypto exchange Web traffic hit a record high of 638.2 million visits in May, according to SimilarWeb data compiled by The Block.
Source: Similarweb, The Block Research
Traffic to crypto exchanges grew 20.4% in May compared to April's figure. May’s 638.2 million in crypto exchange traffic drew 108 million more hits than the last all-time high, which occurred in January 2018: 531.7 million hits.
The crypto exchange receiving the most visits in May was Binance with 39.4% of the traffic, followed by Coinbase with 19.1%.
Source: Similarweb, The Block Research
For more informational insights into the crypto space, visit The Block's Data Dashboard.
AUTHOR
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
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