Now I'm not completely saying that CEX is dead or something but a recent report from SimilarWeb shows that in April, some of the exchanges like Binance, coinbase, bybit and more, all seeing double-digit percentage decreases. But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.
https://twitter.com/ICO_Analytics/status/1788212200357650655It would be interesting to hear your thoughts on this. Are you seeing a similar trend in your use of exchanges? Do you believe CEXs can reverse this decline in web traffic?
There have been news going about with governments of nations looking up some of these CEX and their CEOs. Of course this have to create some panic in the minds of some users as, most of the target options for government are the big and established exchanges. With users not knowing which way it could turn, it stirs them to look out for more available options until things gets clear.
Some nations are placing a restriction on cryptocurrency activities, removal of local currency, P2P options and the big or established CEX are the ones been put in the front of this fight. It’s got to cause a reduction in traffic as users continues to search for other available options. Decentralization is the way to go about cryptocurrency and until that is been archived to some length, we could always see the government looking about it’s centralized aspects for some regulations.