Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
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.
