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Huobi outperforms BINANCE in Bitcoin reserves
Glassnode figures reveal that Huobi surpasses Binance as the second exchange with the largest Bitcoin reserves in the world.
It's hard to think of a market with competition as wild as the cryptocurrency market. Well, there is not only fierce competition between the different crypto assets. But also among the companies that make life in the crypto world, and especially among exchanges like Binance and Huobi. Which explains why Huobi Vice President Ciara Sun celebrates Huobi outperforming Binance in Bitcoin reserves per exchange, in today's Tweet .
The confrontation of Huobi and Binance
Although there is no doubt that Binance is the main company in the crypto world , due to the size of the ecosystem that it has built around its platform. The truth is that the first exchange position in the market is still open for the main exchange companies in the world.
And among them, probably no competition is as fierce as that maintained by Binance and Huobi. The two main international cryptocurrency exchanges, which are constantly trying to demonstrate that they offer the best features for their users. Focusing Binance in the western world and Huobi in the Asian market.
Huobi outperforms Binance in Bitcoin reserves. Source: Glassnode
Thus, all the rankings become part of this competition between the two giants. Including that of the exchanges with the largest Bitcoin reserves in the world. A list that, although it is led by the American exchange Coinbase, due to the wallet service it offers its users. It has in second and third place to Huobi and Binance. Data that highlights the Vice President of the Asian exchange, Ciara Sun:
" Huobi now has the 2nd largest #BTC balance among all exchanges according to @glassnode. Extreme growth since the 2017 rally! We look forward to a great second half of 2020! "
Thus, Ciara Sun not only emphasizes Huobi's position in the crypto market, but also mentions the growth it has had in recent years. And that has allowed the exchange to rank second for the amount of Bitcoin in reserve, even ahead of its great rival, Binance.
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