Singapore based crypto trading platform has bypassed the top cryptocurrency exchange, Binance. While the market participants are targeting total marketcap to hit $1 trillion, it is still bobbing within billion dollars.
More precisely, Huobi makes a bullish run, looking at the top of market cap after OKEX. Consequently, OKEX stands as the largest cryptocurrency exchange with marketcap $372,890,951, followed by Huobi with $328,759,519 and Binance with total volume $321,620,418 consequently.
At press time, Huobi global sees 14.07% growth during 24hrs as compared to the negative mark of 7.79% on OKEx and 20.88% towards Binance Exchange. Though the year 2018 has seen the extreme bull and bear phases, the year was quite good for few cryptocurrency exchanges like Huobi, OKEx and few Altcoins like XRP and Tether.
At press time, XRP appears with total marketcap of $11,894,051,149 and Tether with $1,868,158,574. Though bitcoin looks green with 0.04% growth during 24hrs it is still trading within the range of $3300.
Huobi and OKEx have been performing well since the launch of new derivatives on their platforms. The former launches its Derivative Market in late November 2018 and the latter hit Derivative feature, called Perpetual Swap in early December 2018.
Huobi Exchange continued to roll new updates which also include ‘the launch of communist party branch, the creation of stablecoin solution project, called HUSD and to offer services beyond the nature of cryptocurrency in Russia.
What do you think about Huobi’s current stand on top second position? Will it retain in near future? Lets discuss