Crypto Exchange Huobi’s Market Share Declines

Cryptocurrency exchange Huobi’s market share has declined in recent weeks, according to data from CoinMarketCap. This is likely due to increased competition from other exchanges, as well as a drop in the number of active users. Huobi’s market share fell from 12.3% in April to 9.7% in May, the lowest level since March 2018. Other exchanges have seen increases, with Binance’s share rising from 7.6% to 9.7% in the same period. This is a sign that the crypto market is becoming more competitive, with more exchanges entering the space and offering different services. It also shows that the industry is maturing and becoming more stable, as users have more options when it comes to trading.