sludgefeed.com
Huobi Global, owner of the third-largest crypto exchange by trading volume, reportedly raked in $483 million from trading commissions in 2018.
According to a recent report by South Korean media outlet Sporbiz, which cites Hwaseong Jae Kyung, a commodity specialist in the Chinese virtual money market, Huobi earned 545.2 billion won ($483.9 million) in commission income last year, surpassing both Binance ($463.9 million) and OKEx ($293.4 million).
Although unconfirmed, the figures seem plausible based on data shared with us by Huobi about its new derivatives market (Huobi DM), which recently saw its trading volume surpass $20 billion after launching at the end of last year. Huobi DM currently offers long and short positions for Bitcoin (BTC), Ethereum (ETH) and EOS (EOS).
The popular exchange also recently announced that it will be supporting the BitTorrent Token (BTT) airdrop for Tron (TRX) holders next month.
#Huobi Global will support #BTT #airdrop to #TRON (TRX) Holders. #Deposit your #TRX tokens before block height 6,600,000 on the #TRON blockchain (estimated to occur on 11 Feb) to receive your BTT airdrop!
For more information visit: https://t.co/4sWiQX7Xx9 pic.twitter.com/CNsKBzWEv4— Huobi Global (@HuobiGlobal) January 22, 2019
Huobi Token (HT) is currently trading flat on the day to $1.04, giving the exchange token a $52 million market cap and making it the sixth largest constituent in the AltDex Exchange Index (ALTEXC).
Huobi and Binance did not immediately respond when reached out to confirm the details of this report.