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- According to the Bitcoin 2019 Annual Data List, crypto trading platforms have renewed their positions with Binance.
- Binance, a cryptocurrency exchange provides trading facilities in more than 100 cryptocurrencies.
- Huobi, on the other hand, is a Singapore based bitcoin exchange and following the Chinese government ban of bitcoin transactions.
According to the Bitcoin 2019 Annual Data List, crypto trading platforms have renewed their positions with Binance in the top rank with 281,900 addresses at an annual growth rate of 17.9% and followed by Huobi with 225,100 addresses with a yearly growth rate of 57.81%.
Binance, a cryptocurrency exchange provides trading facilities in more than 100 cryptocurrencies. Currently the biggest cryptocurrency exchange in the world. The company was initially founded in China and later moved its headquarter into japan before the Chinese government ban on digital assets in September 2017.
Binance signed a Memorandum of Understanding (MoU) with the Bermuda Government and with the Malta Stock Exchange as part of its trading security tokens.
Recently, on May 7, 2019, Binance was subjected to a large scale security breach in which 7000 Bitcoin worth over the U.S $40million at the time hacked.
This led to sudden halts in its deposits and withdrawals. Binance recovered from the issue quite fast and pledged to reimburse users through its reliable asset fund.
Huobi, on the other hand, is a Singapore based bitcoin exchange and following the Chinese government ban of bitcoin transactions, Huobi stopped Bitcoin withdrawals.
In response, Huobi adjusted its organizational structure and its business operations for its global expansion. Huobi has funded a lot of research programs under the field of Blockchain and cryptocurrency.
They have been continually looking out for the latest innovations in the field of Blockchain and digital currency. Though the Chinese ban was indeed a harsh blow for the exchange, it quickly picked up with its operations and has expanded to many developed countries.
Following Binance and Huobi, the next largest on the data list is Singapore based trading platform Kraken with 136,300 new addresses and an annual growth rate of 28.6%.
OKEx is in the fourth position with 101446 new addresses with a yearly growth rate of 77.92%. ZB exchange platform ranked the fifth position with 65200 addresses and an annual growth rate of 81.52%.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
