Binance Reduces Withdrawal Fees

The Chief Executive Officer of Binance announced that ERC20 token withdrawal fees have been reduced by 25% on the exchange
27 February 2018   174

Binance cryptocurrency exchange is known for its low trading fees as well as its fast transaction processing.

Zhao Changpeng, the CEO of China-based cryptocurrency exchange Binance, has announced that the exchange has reduced the withdrawal fees for all its ERC-20 tokens by 25%, but those fees will be dynamically adjusted over time.

Binance to reduce withdrawal fees twitter announcement
Binance CEO Announcement in Twitter

It is worth noting that on February 9 we have published the info that one of the most fast growing cryptocurrency exchange, Binance, reported on the completion of its system update.

Binance trading volumeBinance trading volume at the moment of press

At the moment of writing, the users are actively trading such cryptocurrencies as Bitcoin, Nano, Ethereum, NEO, Litecoin, Nucleus Vision on Binance.

Web Traffic for Major Exchanges to Decrease Double

Estimates of the total number of visits to the trading sites based on web traffic show a sharp decline
23 March 2018   63

After the peak of attendance of crypto exchanges, which occurred in December-January, in February, users began to visit them twice more rarely. The same level of attendance was observed in November 2017. This is reported by with reference to the data of the Similarweb service.

So, if in December, 169.5 million visits were recorded at the Coinbase, and in January -123.5 million, in February their number fell by 49% to 63.1 million.

Coinbase Traffic
Coinbase Traffic

The indicator of Binance sank by 54%: from 191.5 million to 87.3 million visits.

Binance Traffic
Binance Traffic

Bitfinex had a 48% decrease from 35.4 million in January to 18.1 million in February, although back in December the exchange had 59.3 million user visits.

Bitfinex Traffic
Bitfinex Traffic

Kraken lost more than a half of its traffic for one month - 31.7 million visits in January dropped 13.8 million in February.

Kraken Traffic
Kraken Traffic

According to experts, the decrease in attendance is due to a decline in activity in the crypto-currency market in early 2018. In addition, traffic data on exchange sites may be associated with a general decrease in the number of transactions in the bitcoin network.