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Huobi was, nevertheless, the largest derivatives exchange last month, trading a total of $133 billion throughout it. Its volume dropped 10.5% since March. The runner-up was OKEx, which traded a total of $113 billion last month, enduring a 31.4% drop compared to the month of March. On April 30, as the price of bitcoin dropped below the $9,000 mark, Binance represented the majority of the BTC/USDT market’s trading volume, trading a total of $15 million at 11 am BST, CryptoCompare adds. At this moment, it represented around 50% of the trading volume among seven of the largest top-tier exchanges in the cryptocurrency space.
In terms of total trading volume, Binance and OKEx were the top players when compared to other top tier exchanges. On April 30, Binance and OKEx traded a total of $3.6 billion and $2.5 billion respectively, while the next largest trading platform, Coinbase, traded $800 million. Binance, as CryptoGlobe reported, raised eyebrows last month after confirming the acquisition of cryptoassets tracking platform CoinMarketCap. The exchange also saw the Brave browser roll out support for its widget on the desktop version of the browser, allowing users to trade directly from their new tab pages. Most Brave users, however, don’t use its cryptocurrency features, according to its CEO Brendan Eich.
Article Produced By
Francisco Memoria
News Reporter
Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies
