Which one has the largest trading volume, Binance or Huobi? Which one has more users?

Abstract: Binance and Huobi are currently the most popular digital currency trading platforms in the market. Both have their own characteristics and advantages. So, which one has the largest trading volume, Binance or Huobi? Which one has more users? This is a question that many digital currency investors are concerned about. This article will conduct an in-depth analysis and comparison of the differences and advantages between Binance and Huobi in terms of transaction volume and number of users.

1. Trading volume of Binance and Huobi

Binance was established in 2017 and has now become one of the most well-known digital currency trading platforms in the industry. As one of the largest digital currency exchanges in the world, Binance has a huge daily trading volume. According to CoinMarketCap statistics, Binance’s current average 24-hour trading volume is US$2.24 billion, ranking among the top three in global trading volume. Binance’s performance in terms of trading volume shows that it is very competitive in the digital currency exchange market.

Huobi was established in 2013 and is headquartered in Singapore. Huobi is currently one of the largest digital currency trading platforms in the world. Huobi Global is also very good in terms of trading volume. Its average 24-hour trading volume is approximately US$1.43 billion, ranking among the top five in global trading volume. Although Huobi’s trading volume is slightly lower than that of Binance, it is enough to prove Huobi’s status and strength in the digital currency trading market.

2. The number of users of Binance and Huobi

In addition to transaction volume, the number of users of a digital currency trading platform is also an important criterion for measuring its strength and influence.

According to statistics, as of March 2021, the Binance trading platform has more than 35 million registered users worldwide, of which more than 10 million are active users. Binance not only performs strongly in terms of user registrations and activity, but the number of users in specific regions is also considerable. For example, Binance has more than 1 million users in Indonesia and is one of the most commonly used digital currency trading platforms in Indonesia, according to data.

The number of users of Huobi is also focused in many regions around the world. According to statistics, the number of registered users of Huobi Global Station currently exceeds 20 million, of which the number of active users exceeds 1 million. In addition, Huobi has a greater influence in China. According to statistics, it has nearly 10 million registered users in China.

3. Differences and advantages between Binance and Huobi

Although Binance and Huobi have similar status and influence in the digital currency trading market, there are still some differences and advantages between the two.

In terms of trading varieties, both Binance and Huobi provide a wealth of digital currency trading pairs, but Binance has more trading pairs for emerging digital currencies. In addition, Binance has also added some futures, contracts and other trading products to allow traders to conduct digital currency transactions more conveniently.

In terms of user experience, Binance is relatively more concise and clear, with simple transaction process and easy-to-operate interface. The interface design of Huobi is more complex and the functions involved are richer. Therefore, for professional traders, Huobi is more suitable for their digital currency trading operations and strategy development.

In summary, both Binance and Huobi perform well in terms of transaction volume and user number, and both have their own pros and cons. Investors can choose between the two knowing their needs.

Conclusion:

The selection of a digital currency trading platform is very important for digital currency investors, because it is related to whether they can obtain high returns and protect the safety of their assets. Binance and Huobi are both excellent digital currency trading platforms, but their respective features and advantages are related to user needs. Therefore, when choosing a digital currency trading platform, you should choose based on your own needs.

The above is the detailed content of Which one has the largest trading volume, Binance or Huobi? Which one has more users?. For more information, please follow other related articles on the PHP Chinese website!