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Learning & News => News related to Crypto => Topic started by: newshunter on October 10, 2020, 01:01:34 AM

Title: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: newshunter on October 10, 2020, 01:01:34 AM
Binance overtakes Huobi, OKEx as biggest derivatives exchange

Overall trading volume was down on derivatives exchanges, but one day set a new yearly high.


Source: Binance overtakes Huobi, OKEx as biggest derivatives exchange (https://cointelegraph.com/news/binance-overtakes-huobi-okex-as-biggest-derivatives-exchange)

Would appreciate your opinion about this
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: cryptopediabd on October 13, 2020, 11:55:03 PM
CryptoCompare looked at the trading volume of the top-tier exchanges and determined that Binance had seen around $8 billion more volume than its closest competitors, Huobi at $156.3B, and OKEx at $155.7B. BitMEX came in fourth with $56.4 billion in monthly volume for September.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: pornflixandchill on October 14, 2020, 02:47:40 PM
Binance will overtake all exchanges to have the biggest volume... no doubt about that.

The rest of exchanges are just dead, no updates at all.

Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: hair on October 14, 2020, 06:21:15 PM
Binance will become the No. 1 exchange, I believe Binance continues to grow and its performance is getting better. Binance is the best exchange
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: Jamie07 on October 15, 2020, 08:02:43 AM
Good for Binance team management. They are doing what the consumer wants, providing the users their needed tools, equipments and guides for effective, effecient and most importantly profitable investments opportunities. Though, a competitive market is much more favourable for the consumers as every one of these Dervatives players will find a way to outdone each other to gain the trust and investment of the target market. I hope Huobi and Okex can come out on top next time to make the derivatives field more livelier.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: Galaxy on October 15, 2020, 06:25:06 PM
Binance Exchange is much better. So investors are able to benefit by investing there. There are many benefits to investing and the best management is out there. Everyone out there works for investors. There are people from different countries of the world. There are plenty of benefits out there. So investors are constantly investing there. Most of the coins are being listed there with good plans. So I think everyone should visit at least once to benefit there. However, there is disagreement on this issue. However, not everyone likes the exchange. There are coins to keep and security.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: tonymillions84 on October 15, 2020, 06:57:18 PM
The owner of Binance will not stop at anything that will prevent his platform for gaining the Number one spot. C.Z has been known for his a monopolist. Been the first exchange to hit the top spot in Coinmarketcap, he will do everything possible to see his derivative exchange regain the top spot just like the centralized exchange. did you notice how projects are migrating fast into the Binance smart chain to settle the issue of ethereum transaction.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: MrSpasybo on October 15, 2020, 08:27:12 PM
I am not at all surprised by the strong growth of Binance since it was launched and the price of BNB tokens has continuously increased over the past time. Binance's trading volume and indices appeal to all traders around the world as well as crypto users. The only thing that Binance has yet to do is compete with Uniswap in the DEX sector.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: Riya143 on October 15, 2020, 09:36:25 PM
At present Binans is going a long way. The reason for moving forward is that the CEO of Binance is very active and the improvement of his exchange is certainly possible. Because its exchange has maximum benefits. The fee is less to transfer any coin. It takes less fee to withdraw. Benefit exchange with various facilities. So I think we'll move on. Because investors benefit by making different types of investments. Most investors are there because of the low cost. Investors are improving using binance and people are flocking here. Usually if you are with Bitcoin Withdrawal. Then you will see that the fee is much less than other exchanges.
Title: Re: Binance overtakes Huobi, OKEx as biggest derivatives exchange
Post by: bigcash2011 on October 16, 2020, 02:30:42 PM
So that means huobi had more volume than binance? Well that is something new to me because i always thought binance has the most volume in each category but it is nice to see huobi and okex doing good as well.