Express
Chainalysis: DEXs Growing Faster than CEXs, Binance Seeing 171 million Visitors in October
Summary: Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis by breaking the exchanges down by their business models including DEXs, CEXs, over-the-counter (OTC) brokers, derivatives platforms and high-risk exchanges. According to the report, the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed ...
Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis by breaking the exchanges down by their business models including DEXs, CEXs, over-the-counter (OTC) brokers, derivatives platforms and high-risk exchanges. According to the report, the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed around the same. Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October.The amount of OTC brokers also increased significantly, gaining around 50% to sit at the 150 mark in Q3 2021.
By Amy Liu
Tags: Binance,CEX,Chainalysis,DEX
Link: Chainalysis: DEXs Growing Faster than CEXs, Binance Seeing 171 million Visitors in October [Copy]
