Huobi Global Ranked First For Highest Deposit of USDT (Tether)

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Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Huobi Global is the top performer among all major exchanges
  • Huobi Global was ranked first for the highest deposit of USDT (Tether) accounting to $1.5B USDT
  • Huobi Global recorded 284,494 users exceeding the previous records

Huobi Global was ranked first for the highest deposit of USDT (Tether) accounting to $1.5B USDT in an official report by @CryptoDiffer twitter handle. Binance and OKEx shared second and third ranks respectively.

The Twitter handle @CryptoDiffer posted the final edition on 21st

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of March named ‘Exchange Wallet monitoring Report’.

In the summary of the report it was shown that only five of the top exchanges depicted net positive deposit amounts which were Huobi global, Binance, OKEx, Bitfinex and Gate IO.

The top performers had differed in the exchange deposit volume where Huobi Global stood at first with $1,485 Million USD in terms of exchange volume while the second rank was held by Binance with figures of $931 Million USD in exchange volume while the third position was held by OKEx with figures of $506 Million USD in terms of exchange volume.

Huobi Global Loses Rank in Average Deposit

In the last info graphic analytics submitted by @CryptoDiffer, it showed average deposit made by the user, Binance held the top position with average deposit of $26.8K USD by each user, the second place was owned by OKEx with average deposits by individual users accounting at $21.2K USD.

It was a surprise that Huobi Global outperformed in this category compared to others and in this it took third position with average deposit of $20.8K USD.

The Net Deposit by individual exchange platforms was held by the same top competitors namely Huobi Global with +$118 Million USD in figures while Binance came next at +$96 Million USD and third place was owned by OKEx with +$14 Million USD.

The numbers of active users on each were exceeding the previous records, Huobi Global recorded 284,494 users while Binance recorded 88,588 users next position with OKEx recording 40,413 users and at the fourth place Bitfinex showing active users of 12,435 making deposits.

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