HTXs Liquidity Ranks Fourth in the Industry Striving to Become a Synonym for Quality Assets

Recently, the encryption data company Kaiko released its second-quarter exchange liquidity report for 2024. Among the 43 mainstream centralized exchanges it surveyed, HTX was rated as AA, ranking tied for fourth in liquidity, with an average trading volume of up to $605 billion.
The report evaluates exchanges based on five liquidity indicators: trading volume, trading volume contribution, +/-1 market depth, coefficient of variation (CV) dispersion, and market quality. In response, HTX stated that it will always adhere to safety and compliance, focus on global markets, and provide comprehensive, secure, and convenient cryptocurrency trading services for more users.
First Half of 2024: HTX’s Remarkable Performance
Looking back over the past six months, HTX has shown remarkable performance.
HTX adheres to the principle of “user first” in listing new assets, highlighting the core competitiveness of the “people’s exchange” with a huge wealth effect. In terms of the discovery and issuance of new assets, it focuses on potential currencies and high-quality assets in different fields such as Meme, AI, public chains, and L2. In Q1 of 2024 alone, HTX listed 59 new token projects, with nearly 50% having historical maximum gains of over a thousand percent. The top gainer on the list is WIF, a Meme project from Solana, with an increase of up to 12,039%.
Furthermore, as of June 1, 2024, HTX has updated the Merkle Tree asset audit report 20 times. The latest reserve ratios for HTX are: USDT 100% ($610,174,986 in HTX wallet assets), BTC 100% ($25,735 in HTX wallet assets), ETH 101% ($92,631 in HTX wallet assets), HTX 105% ($360,938,524,569,165 in HTX wallet assets), TRX 105% ($9,754,300,787 in HTX wallet assets). The data for USDT and ETH already includes assets such as stUSDT and stETH.
Another important development to note is the establishment of the HTX DAO People’s Committee. Established for over a month, the HTX DAO People’s Committee has now become a strong force in the community, focusing on the long-term interests of the community and promoting and implementing HTX’s decentralized exploration and democratic governance.
Based on these achievements, Sun Yuchen, a member of the HTX Global Advisory Committee, recently posted on social media: 1. HTX’s new listings are doing well, with tenfold coins every week. 2. Funds on the platform have been net inflowing for six consecutive months, proving that users are satisfied with HTX’s services. 3. The platform’s profit level has significantly increased (over 100%), and HTX will conduct buybacks.
HTX Aiming to Become Synonymous with Quality Assets
HTX’s business leader and senior investment analyst Liu Ye stated that Kaiko’s report is a reward for HTX’s hard climb in the past period, giving them confidence for the road ahead.
Liu Ye explained that in the future, HTX will continue to strive in the following directions:
1. Introducing high-quality assets. HTX has strict requirements for listing new assets and has a very professional project screening team, with Sun Yuchen, a member of the HTX Global Advisory Committee. HTX aims to become synonymous with a platform for quality assets.
2. Optimizing product details. HTX has listened to many user feedback and improved various product experiences, such as resolving issues with cumbersome withdrawal processes. HTX’s product design for activities has also been optimized towards a user-friendly direction.
3. Continuously improving liquidity to attract more high-quality market makers and brokerage teams, providing users with a smooth trading experience.
4. Security is the platform’s lifeblood. After last year’s hacking incident, HTX has made a series of improvements. In terms of hardware, they have partnered with the top international security company FearOff to focus on security; in terms of software, they have promised 100% fund protection for users.
Liu Ye concluded: “HTX is making efforts in the right direction overall, and time will provide the answers. Please trust HTX.”
Indeed, exchanges are one of the most profitable businesses in the cryptocurrency industry, and also one of the most fiercely competitive arenas. From the birth of the first cryptocurrency exchange to date, the format of exchanges has been constantly changing, with success and decline happening in a blink of an eye. While Coinbase and Binance hold the leading positions, the landscape of exchanges remains uncertain.
HTX, a veteran who has been through nearly 11 years of storms with the cryptocurrency market, has witnessed numerous ups and downs and changes. It is no longer just a trading platform but a legend, carrying the dreams and memories of countless investors. HTX believes that true value lies not in short-term fluctuations but in long-term development and contributions. In the future, HTX will continue to work with global partners to promote the development of cryptocurrency and blockchain technology, create more value for users, and embrace a more open, inclusive, and vibrant new world of cryptocurrency.
*Disclaimer: This corporate press release is not an official statement from Gyro Technologies, and any legal issues are unrelated to Gyro Technologies.