BitMEX has seen a massive traffic drop in April relative to other exchanges. Traffic is down by 40% from 13.4M to 8M visits. Coinbase is only down 7% from previous month, Binance only 2%. Not looking good for BitMEX
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Overall crypto exchange traffic is down in April and so is volume suggesting that the hyped up euphoria might not live up to expectations. Interest isn’t there as much as people would like to think
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Guess where most of the traders went from BitMEX?
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OKEx's traffic grew from 1.7M to 5.9M in April (gained 4.2M). BitMEX's traffic went from 13.4M to 8.0M (lost 5.4M).
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That OKEx number looks like a big outlier--any chance it's weird data (like that something previously wasn't tracking some url, or some of their users switching urls)?
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Could be... had the same thought. But I've been tracking traffic data for more than a year now and this is the first time something like this has happened. Can share my sheet with you if you're curious
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Interesting--my weak best guess is that the current OKEx number is correct but the old ones might have been too low...
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What happens if you add in e.g. okex.me for previous months? Or was that already counted the whole time?
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