Binance lags behind Huobi and OKEx in terms of estimated trading fee revenue

Leading cryptocurrency exchange, Binance’s estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for December multiplied by average trading fees listed on the websites of the exchanges.

The study which was conducted by CryptoDiffer revealed that the CZ-led platform was trailing behind the likes of Huobi and OKEx.

Dominating the chart was the Singapore-based cryptocurrency exchange, Huobi with an estimated trading fee revenue of $51.4 million for the same month. OKEx stood second with $35 million. This was followed by Binance and a lesser-known exchange MXC which recorded an estimated trading fee revenue of $18.7 million each, while Coinbase Pro was found to have $17.8 million. …

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