Huobi Reportedly Raked in $483 Million in Commissions Last Year
According to a recent report by South Korean media outlet Sporbiz, which cites Hwaseong Jae Kyung, a commodity specialist in the Chinese virtual money market, Huobi earned 545.2 billion won ($483.9 million) in commission income last year, surpassing both Binance ($463.9 million) and OKEx ($293.4 million).
Although unconfirmed, the figures seem plausible based on data shared with us by Huobi about its new derivatives market (Huobi DM), which recently saw its trading volume surpass $20 billion after launching at the end of last year. Huobi DM currently offers long and short positions for Bitcoin (BTC), Ethereum (ETH) and EOS (EOS).
#Huobi Global will support #BTT #airdrop to #TRON (TRX) Holders. #Deposit your #TRX tokens before block height 6,600,000 on the #TRON blockchain (estimated to occur on 11 Feb) to receive your BTT airdrop!
For more information visit: https://t.co/4sWiQX7Xx9 pic.twitter.com/CNsKBzWEv4
— Huobi Global (@HuobiGlobal) January 22, 2019
Huobi and Binance did not immediately respond when reached out to confirm the details of this report.
Photo: Hektor Ehring Jeppesen / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.