The recent regulatory actions against the crypto entities have had a great impact on their operations. As per ICO Analytics, a resilient analytics tool to offer transparency to crypto investors, Binance stands among the top crypto exchanges that are seeing enormous decreases in web traffic. The potential reason behind this is referred to as the sentencing of the crypto exchange’s founder Changpeng Zhao. The analytics platform provided statistics regarding the well-known crypto players in this regard.

Binance Witnesses 26% Slump in Web Traffic, Says ICO Analytics

In its recent post on X, ICO Analytics also revealed a slump in the overall web traffic dealing with the crypto exchanges. It noted that the web traffic went through a 19% plunge cumulatively in April this year. In addition to this, ICO Analytics also pointed out the individual crypto exchanges that experienced this effect.

The analytics company listed the platforms in terms of visits that the people made to them in April. In this respect, it asserted that the well-known crypto exchange Binance saw up to seventy-five million visits in the last month. This figure discloses a 26% decrease in terms of web traffic.

                                                                     Source: ICO Analytics X

ICO Analytics brought to the front that Coinbase took the 2^nd place in the list with 44 million visits. This reportedly shows an approximately 31% dip in web traffic during the previous month. Apart from that, people paid just 31 million visits to Bybit’s web portal. This indicates a 21% decline in the web traffic of the exchange during April. Apart from that, the other prominent crypto exchanges that saw a massive drop include OKX, Upbit, Kraken, and KuCoin.

OKX’s web traffic dipped by 21% with 24 million visits. Upbit saw a significant -31% decrease with just 10 million visits. Additionally, Kraken witnessed only 9.7 million visits, causing a 29% plunge in this respect. The 7.5 million visits to KuCoin’s web have resulted in a resilient 39% drop in the crypto exchange’s web traffic.

The Crypto Exchange Maintains 1^st Position In Terms of 24-Hour Trade Volume

On the other hand, Binance has effectively maintained its top place in terms of 24-hour trade volume. As of May 6, the crypto exchange has witnessed a trade volume of up to $13.07 billion. On the other hand, Bybit and OKX have secured 7^th and 8^th spots in the list of biggest exchanges in terms of trade volume. Bybit has witnessed $2.55 billion while OKX has obtained a $2.14 billion trade volume.