Over one million Internet users visit Binance every day, as the encryption exchange manages a $ 40 million hacking scandal in the midst of a bitcoin price boom.
Toronto-based Kevin Rooke, known for his insightful crypto-related social media analysis, revealed that Binance's daily average traffic had increased by 13 percent in April. On 1,183,000 visits, the Malta-based exchange hosted its best web site statistics since October 2018. The analysis proved to be soft evidence that people increased interest in crypto curve, especially bitcoin whose value increased by 29.33 percent in the April season.
Meanwhile, other cryptocurrency exchanges experienced less web site traffic compared to Binance. They didn't even get more than 400,000 hits a day, without Coinbase, a US-based crypto exchange, registering an average of 930,000 visits every 24 hours. Coinbase offered services in 53 countries and worked under strict regional rules. At the same time, the Binance trading platform was available worldwide, but only got access to fiat outlets via Binance Jersey, a service it launched on February 1
Bitcoin Tree Behind Traffic?
Binance and Coinbase's latest traffic reports followed the bitcoins summarized April Fools' rally. On April 2, the speed of the cryptic course jumped dramatically by up to 24 percent. The posted similar bullish moves throughout the rest of the month.
The gay purchase sentiment ripped further into the beginning of the corn trading session. The 9th was broken over the $ 6,000, a historically significant level of support during the asset's downward action in 2018. The BTC / USD instrument today generated its annual high against $ 6,989.89 at Coinbase.
The prices of bitcoin prices typically coincided with an increase in the number of bitcoin-related keyword searches on Google – and even on China's Baidu. The keyword's "Bitcoin Price", for example, continued to remain the most searched crypto-related query on Google. And interestingly, the search engine replied with a Coinbase URL at the top, along with some of the NewsBTC's bitcoin pricing articles (big heart to our readers).
The high Google ranked at least one of the crypto exchange on the top, which increased the visibility of internet users. It is difficult to predict if any of the new users converted to sales. No official data was available that could verify the number of account holders either at Coinbase or Binance from now on. At the same time, a report released in December 2018 stated that Coinbase had 422,000 daily active users, while Binance had 313,000.
It was likely for internet users to be interested in a bullish, decentralized asset, explaining how people could land on Coinbase or Binance either via referrals or directly. It does not detract from the fact that bitcoin's on-chain activity coincided with the price since December 15 in the bottom formation.
At the time of this writing, the annual gains of the BTC / USD instrument were 81 percent.