Cryptocurrency exchange platform Binance has been deemed world’s most popular crypto exchange platform as it records a total of 170 million visitors in October alone.

“Binance recorded the highest web traffic among digital currency exchanges in October this year at 171 million,” Finbold said. 

Finbold, a London-based analytics firm, noted in its report that in spite of setbacks witnessed by Binance due to regulatory bodies, the exchange platform has been able to retain visitors in high volume. 

The exchange platform has been on the receiving end of sanctions from regulatory bodies in Singapore, the United States and the United Kingdom among others, over compliance issues and security concerns.

The report notes that Binance’s visitor base had grown by 12 per cent from the figures recorded in September. It cites the recovering cryptocurrency market as a factor for the increased visits as well as the climb in the prices of Bitcoin after the market crashed in May. 

Other cryptocurrency exchange platforms were considered in Finbold’s reports, such as Coinbase growing by 31 per cent in October with 91 million and PancakeSwap coming in third with 25 million visitors.

In its top ten exchange platform ranking, ByBit recorded a drop of eight per cent to 24 million visitors, FTX came in fifth place with 22 million visitors, growing by 10 per cent since September. In sixth place, KuCoin held at 20 million visits, Gate.io grew by 41 per cent to 19 million, and Indodax, UPbit and Kraken recorded 17 million visitors, 14m million visitors  and 13 million visitors respectively.