New information is being uncovered about the crisis facing crypto exchange Huobi.
After the announcement of the layoff campaign that will affect 20% of the entire staff, now it turns out that during 2022 the exchange lost significant market share.
Huobi’s market share
According to some data recently published by Kaiko, in 2022 Huobi’s market share among crypto exchanges dropped to 4%, while in 2021 it was 16% and in 2020 even 22%.
Kaiko’s analysis takes trading volume on the world’s major crypto exchanges as a reference, revealing how Binance continues to dominate with an extraordinary 57% market share. In 2020 it was 37%, and by 2021 it had already risen to 48%.
However, it is worth mentioning that FTX, which is one of the top five crypto exchanges in the world, closed in November 2022, and this may have favored Binance more than any other.
Coinbase‘s market share is stable at 9%, while OKX’s has dropped from 21% in 2020 to 9% in 2022.
It is possible that the
We współpracy z: https://en.cryptonomist.ch/2023/01/10/huobis-2022-market-share-collapsed/
