1 year ago
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The post Huobi Exchange Faces $64 Million in Outflows over the Weekend! appeared first on Coinpedia Fintech News
Huobi, one of the largest cryptocurrency exchanges, faced a tremendous outflow of $64 million, contributing to the long-term decrease in its total value. According to DeFiLlama, the exchange’s TVL has dropped from $3 billion to $2.5 billion in just a month. This is a significant blow to Huobi, which has been facing regulatory issues in China and struggles to maintain its market share. Many cryptocurrency investors are concerned about the safety of their assets on Huobi and are moving their funds to other platforms.
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