Get the scoop on finance - sign up for mobile alerts
Categories: Bitcoin
| On
May 23, 2019

Interest in Bitcoin (BTC) Surges As Crypto Exchanges Binance and Coinbase Rise in Global Rankings

By Daily Hodl Staff

[the_ad id=”36860″]

According to the global website ranking platform Alexa, the number of views on sites related to Bitcoin is on the rise. Popular cryptocurrency websites experienced significantly higher numbers of visitors over the last 90 days.

ADVERTISEMENT

Alexa now ranks Binance’s website as the 911th largest in the world, up 233 places compared to three months ago.

Leading cryptocurrency exchange Binance, which is based in Malta, has a significant amount of traffic from the US, where it ranks as the 747th largest website. The US comprises 21.7% of its total traffic, followed by India at 7.2%, Japan at 6.6%, Germany at 3.7% and Turkey at 3.3%.

Coinbase, the leading cryptocurrency exchange in the US, rose by 288 places to become the 1,236th largest website in the world, with 55.6% of its visitors located in the US.

[the_ad id=”36860″]

ADVERTISEMENT

Despite the significant difference in visitors between Binance and Coinbase, both websites have been able to crack over 900,000 visitors per day, according to data from Similarweb. Visitors per day on Binance increased by 13% in April to 1,183,000, while Coinbase’s traffic increased by 27% to 930,000 visitors.

Binance CFO Wei Zhou says rising interest in crypto is boosting the company’s over-the-counter (OTC) trading volume this year and helped trigger big jump in the company’s first quarter revenue, which spiked 66% to a total of $78 million.

“Last month we saw a lot more volume than, say, three months ago. This was mainly due to the increase in price of Bitcoin and altcoins over the past few months. We’ve witnessed more trading activity – and demand.”

[the_ad id=”36860″]

ADVERTISEMENT

Data on Google Trends also reflects heightened interest in Bitcoin. Between April and May 12, interest in Bitcoin spiked in the US from the mid 30s to an index of 100. That number is now nearly twice as high as it was in April, at 61.

Source: Google Trends
[the_ad id="42537"] [the_ad id="42536"]
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.