OKEx Registers Massive Surge In Website Traffic: Why?

As the Bitcoin block halving date approaches, we are seeing a lot of updates in the cryptonews. One of the things worth noting is the amount of traffic that is directed towards each exchange. A new report by SimilarWeb shows that OKEx registers a massive surge in website traffic this month, while the other exchanges are not living in the same spirit.

While the entire world sees an inevitable recession nowadays, a lot of investors already started putting their money in some of the leading cryptocurrencies out there. The Bitcoin news yesterday showed that the most dominant coin has the potential to visit the five-digit region and go above $10,000 – but does not have the momentum for that yet.

Meanwhile, crypto traders are deciding on which exchange to trust in these tough times. What one report by SimilarWeb shows is the OKEx registers a massive surge in website traffic – of even 147% more during April 2020. You can see the full analysis of web traffic data shared by ICO Analytics below – showing that the number of users on a handful of crypto platforms increased while the rest of them declined.

A quick look at these numbers shows a list of 20 most popular crypto exchange platforms right now, out of which three have witnessed increased activities compared to their peers.

The three exchange platforms include OKEx, CoinsBit, and ZBcom registered 147%, 33% and 18% increase, respectively. On the other hand, the highest drop in web traffic during April 2020 as compared to the previous month was experienced by BitMEX at 40%.

The web traffic trend favoring only 3 out of 20 exchanges may indicate that new traders are perceiving that these 3 exchanges are more reliable, trustworthy and maybe even easier to access than the others. As OKEx registers massive interest as of lately, another possibility involves some of the existing traders favoring them over the rest mainly because of the good trading terms, supported assets and other reasons.
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Meanwhile, the price of Bitcoin (BTC) managed to retrace to $8,500 with a 12.71% minus on the day, followed by ETH which dropped to $184 by 13% and XRP which fell to $0.1932 by 12%, respectively.