When evaluating cryptocurrency exchanges, traders often compare Huobi and OKX (formerly OKEx). While both platforms facilitate digital asset trading, they differ significantly in features, fees, and global rankings. This comprehensive guide analyzes their key distinctions to help you make an informed choice.
Key Differences Between Huobi and OKX
Global Rankings and Availability
- OKX: Ranked #2 globally among crypto exchanges. Offers extensive services despite regulatory shifts in some markets.
- Huobi: Currently ranked #4. Has exited certain regions (e.g., China) due to regulatory changes.
👉 Discover why OKX leads in global crypto trading
Fee Structures Compared
| Service | OKX Fees | Huobi Fees |
|---|---|---|
| Spot Trading | 0.10%–0.15% | 0.20% |
| Futures | 0.02%–0.05% | 0.015%–0.02% |
| Margin Loans | 0.01%–0.098% (daily) | 0.098%/day |
| Fiat Deposits | Free | Free |
Platform Fundamentals
OKX Overview
- Assets: $3.5B (example figure)
- Trading Pairs: 693+
- Daily Volume: $240B
- Services: Spot, derivatives, staking, and Web3 integrations.
Huobi Overview
- Assets: $74B (example figure)
- Trading Pairs: 939+
- Daily Volume: $350B
- Services: Includes OTC, indices, and launchpad offerings.
Operational Distinctions
Project Listings
- OKX requires 200K–300K OKB as collateral for new tokens.
- Huobi mandates 500K HT with progressive refunds over 12 months.
- Voting Systems
Both use native tokens (OKB/HT) for community-based listing votes, but OKX’s process is shorter (3 days vs. Huobi’s 6). - User Incentives
OKX distributes rewards in two tranches, while Huobi uses four phases for token airdrops.
Why OKX Stands Out
- Lower Trading Costs: Competitive fees for high-volume traders.
- Regulatory Adaptability: Maintains services in more jurisdictions post-2021 crackdowns.
- Innovative Products: Advanced derivatives and DeFi integrations.
👉 Explore OKX’s cutting-edge crypto tools
FAQ: Huobi vs. OKX
Q: Which exchange has better liquidity?
A: Huobi shows higher daily volumes, but OKX offers deeper order books for major pairs.
Q: Are both platforms secure?
A: Yes. OKX uses MPC wallets, while Huobi employs multi-signature cold storage.
Q: Can U.S. traders use these exchanges?
A: Neither platform currently serves U.S. customers due to regulatory restrictions.
Q: Which is better for beginners?
A: OKX provides more educational resources, making it slightly more beginner-friendly.
Final Recommendation
For most traders, OKX emerges as the superior choice due to its lower fees, innovative products, and consistent compliance measures. However, Huobi remains viable for specific altcoin trades or OTC services.
Always conduct independent research before selecting an exchange, as market conditions and regulations change frequently.
**Notes**:
1. Removed promotional content (app download prompts, year references).