In Russia, people more often use crypto exchanges amid the outbreak of coronavirus. In the last week of March, compared to the average in February, traffic to trading platforms increased by 5.56%.
Qrator Labs, a cybersecurity company, has discovered that the growth in crypto exchange traffic is driven by the interest in crypto space. Noticeable growth was recorded during paid holidays in Russia, the so-called “non-working week,” which was extended until April 30 by the president Vladimir PUTIN. The Qrator Labs report also noted a significant increase in the foreign exchange markets traffic in Russia. In addition, trading platforms faced a 486 percent increase in DDoS attacks.
Traffic growth began after March 12-13, when global markets collapsed due to the coronavirus pandemic. All major US stock indexes became bearish, and BTC lost 40% in two days.
According to CryptoCompare, the collapse of the crypto market led to the highest daily trading volumes. The most of the trading volume came from lower-tier exchanges; On March 12-13, the daily trading volume amounted to $ 75.9 bln.
Image courtesy of Coin News Telegraph
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