Find out the number of visitors to cryptocurrency exchanges in February 2022
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Answer Find out the number of visitors to cryptocurrency exchanges in February 2022
Cryptocurrency exchanges are recording a significant increase in the number of visitors who make their way there to trade their cryptocurrency.
According to research by TheBlock, cryptocurrency exchanges recorded 360 million visitors in February.
Binance and Coinbase are the largest by number of visitors:
Binance and Coinbase emerged as the most visited trading platforms, with the influx of visitors reaching 31.7% and 15.6%, respectively.
ByBit ranks third with 12.1%, while trading platform FTX ranks fourth with 6.1%.
13 other trading platforms account for the remaining 32.4%.
Although the data did not go into details of the activities carried out by the said visitors, it does indicate that the exchanges are likely to see greater adoption by cryptocurrency users, despite the many setbacks these exchanges have faced in recent times.
Read:Will Bitcoin bring back the 2017 bullish scenario?
The setbacks and obstacles for cryptocurrency trading platforms are not over:
In previous times, cryptocurrency exchanges faced many hindrances and hurdles from hacks to government sanctions.
Last year, Binance services shut down in multiple parts of the world.
On the other hand, Coinbase indicated that there is a possibility that it will be criticized and charged with a lawsuit from the SEC.
This year, trading platforms are still struggling to conduct regular trading activities, as the ongoing Russia-Ukraine crisis continues to strain their activities.
Just last month, Ukraine requested that Binance, Coinbase, Bybit and four other trading platforms restrict Russian users.
The request came in an attempt to reduce the evasion of sanctions imposed on the Russian population, during the Russian-Ukrainian crisis.
The exchanges have expressed their willingness to comply, with Binance noting that while they cannot stop access from Russian users, they will ensure that action is taken against those who have been sanctioned while minimizing the impact on innocent users.
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