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After experiencing extremely high traffic, the largest cryptocurrency exchanges seem to lose their audience. It coincides with the decline of the bitcoin price.

As demonstrated by data revealed by the analytical portal SimilarWeb,  the peak of monthly web traffic on crypto-exchanges was in December-January. On 17 December, bitcoin reached its historic high and traded at $20,000. However, in February this indicator returned to the level of November 2017.

So, according to Similarweb, web traffic of the US-based crypto-exchange Coinbase fell by 49%, from 123.5 million in January to 63.1 million in February. The peak came in December and amounted to 169.5 million visits.

The similar decrease in web traffic is observed in other large cryptocurrency exchanges:

  • Kraken: web traffic fell by 56% (from 31.7 million in January to 13.8 million in February);
  • Binance: web traffic dropped by 54% (from 191.5 million in January to 87.3 million in February);
  • Bitfinex: web traffic dropped by 48% (from 35.4 million in January to 18.3 million in February).

Additionally, the number of transactions in the bitcoin network is also decreasing: if in mid-December there were half a million transactions daily, then by February this figure fell to 200 thousand. All this coincides with the continuing period of correction of the crypto-currency market. The price of bitcoin fell from its record $19- $20 thousand to $8 thousand.