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How 2018 Bear Market Didn't Trouble Huobi

2018 was best known for the heavy bear market, this is no secret. Through the year, cryptocurrencies across the board failed to maintain the incredible highs that they tipped during the 2017 bull run and thus, the markets dropped a huge amount of value. This has a knock on effect across the whole industry, meaning mining profitability is down, general interest in cryptocurrency is down and of course, trading is down. With trading reaching new lows, a number of cryptocurrency exchanges and wallets have had to make drastic changes in order to keep afloat given that they are no longer making significant profits through facilitating crypto trading. If nobody trades, exchanges cannot operate, it’s that simple.

Huobi on the other hand are one exchange that seems to have experienced the exact opposite effect through 2018, Huobi’s trading volume actually doubled.

According to new reports, Huobi experienced a surge in trading volume by 100% against the year prior, so, in 2018 Huobi…

Read Full Story : Crypto Daily™

2019-02-08 20:00:00

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