Huobi's latest data revealed: 15 million users, 150,000 daily active users, 80% overseas users questioned, institutional contributions exceed 50%

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Wu Blockchain learned that in a report released by investment institution IOSG in cooperation with Huobi, Huobi officials rarely disclosed the latest business data.

The most important data disclosed in the report is: Huobi currently has more than 15 million users (more than 80% are overseas users), with the latest daily active users exceeding 180,000. At the same time, the number of Huobi institutional customers has increased by more than 100% from Q4 last year to Q1 this year. Currently, more than 50% of the platform's trading volume comes from contributions from institutional customers.

In contrast, Binance announced on December 31, 2019 that it had 15 million users. Huobi’s user data seems to be at the same level as Binance. Coinbase claims to have 35 million users. The comparison of daily active data is actually not very meaningful, because the currency circle is affected by the price fluctuations, and the daily active data will have a large difference.

The data on the number of users and daily active users may be similar to everyone's perception. Considering that most cryptocurrency users will register accounts on multiple exchanges, there should be tens of millions to 100 million cryptocurrency users in the world. However, Huobi's more than 80% overseas users have been questioned by some professionals. It is not known whether there are differences in statistical standards. The report released by OKEx in 2019 shows that more than 50% of the monthly active traffic of OKEx and Huobi comes from China.

In addition, Huobi's institutional clients are growing at an extremely fast rate. Binance has also revealed that compared with the fourth quarter of 2019, Binance has increased its institutional clients by 47.4% in the first quarter of 2020. This also shows from another perspective that the number of new retail investors and their activity in major exchanges have stagnated.

In addition, the report highlights several advantages of Huobi, such as:

1: In past trading platform attacks, Huobi has not experienced any major risk incidents.

2: Huobi’s current capital deposit exceeds 8.7 billion US dollars, exceeding Coinbase, OKEx and Binance.

3: Huobi ranked first with a futures trading volume of US$438 billion in Q1 2020.

Founded in 2017, IOSG Ventures is a USD fund focusing on blockchain and cryptocurrency. It is a developer partner and strategic investor of NEAR China, a strategic investor and advisor of Conflux, an investor and advisor of Reach middleware platform, and a validator partner of Polkadot, ETH2.0, NEAR, Cosmos, Kusama, Kava, ChainLink and other ecosystems.