Huobi, a China-based bitcoin exchange platform overtakes Bitfinex as the leading USD exchange for Bitcoin trading in the past 24 hours.
Bitfinex, one of the most advanced cryptocurrencies exchange was the market leader when it came to USD trading volume till yesterday when Huobi took over it. As per the estimate given by cryptocompare.com and with respect to BTC/USD volume by exchange, at the time of writing, Huobi has gone up to 43.70% while Bitfinex was 21.72%.
The interesting trend is that, it is the first time Local bitcoins is officially listed in the top ten of trading platforms in quite some time. Themerkle.com reported that Huobi was responsible for more than one in three trades on the BTC/USD trading market. Bitfinex, on the other hand, only completed one in four trades in this segment.
Although convenience is a driving factor among all platforms, Huobi seems to be attracting more USD/BTC traders than ever before. According to the estimate, OKCoin stands third with 7.59% indicating a large gap between Bitfinex and OKCoin. LocalBitcoins nestled itself between Gemini and itBit for the time being.
On 1st June, the overall BTC/USD trading volume has dipped slightly to 100,000 bitcoin. While during the current 24-hour trend, it is seen that the volume has increased above 102,200 BTC once again. Due to this trend, it appears that more consumers are becoming aware of the Bitcoin price.
