Huobi HTX ranks fourth in industry liquidity, striving to become synonymous with high-quality assets
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Huobi HTX ranks fourth in industry liquidity, striving to become synonymous with high-quality assets
Kaiko, a crypto data firm, released its Q2 2024 Exchange Liquidity Report. Among the 43 major centralized exchanges it tracked, Huobi HTX received an AA rating.
Navigating Web3 tides with focused insightsRecently, cryptocurrency data firm Kaiko released its Q2 2024 Exchange Liquidity Report. Among the 43 major centralized exchanges it tracked, Huobi HTX received an AA rating and ranked fourth in liquidity, with an average trading volume as high as $60.5 billion.
* Source: Kaiko Q2 2024 Exchange Liquidity Report
The report evaluated exchanges based on five liquidity metrics: trading volume, volume contribution, +/-1% market depth, coefficient of variation (CV) dispersion, and overall market quality. In response, Huobi HTX stated that it will continue to prioritize security and compliance, focus on global markets, and provide users worldwide with comprehensive, secure, and convenient cryptocurrency trading services.
First Half of 2024: Huobi HTX Achieves Remarkable Results
Looking back over the past six months, Huobi HTX has delivered outstanding performance.
* Data from May 27, 2024 to June 3, 2024; for reference only
Adhering to a "user-first" token listing principle, Huobi HTX has demonstrated strong wealth creation potential, reinforcing its identity as the "People's Exchange." In discovering and launching new assets, it has深耕 across emerging sectors such as Meme coins, AI, public blockchains, and Layer 2 projects. According to incomplete statistics, during Q1 2024 alone, Huobi HTX listed 59 new project tokens, nearly half of which achieved historical peak gains exceeding 1,000%. The top performer was WIF—a Solana-based Meme coin—with an astonishing increase of 12,039%.
* Screenshot from: Huobi HTX official website – Asset Audit page
Additionally, as of June 1, 2024, Huobi HTX has published its Merkle Tree asset audit report 20 times. Its latest reserve ratios are: USDT 100% (Huobi wallet assets: 610,174,986), BTC 100% (Huobi wallet assets: 25,735), ETH 101% (Huobi wallet assets: 92,631), HTX 105% (Huobi wallet assets: 360,938,524,569,165), TRX 105% (Huobi wallet assets: 9,754,300,787). The USDT and ETH figures include stUSDT and stETH assets respectively.
Another development attracting attention from the market and community is the formation of the HTX DAO People’s Committee. Having existed for over a month, the committee now serves as a core force within the community, focusing on long-term interests and advancing Huobi HTX’s exploration into decentralization and democratic self-governance.
Based on these achievements, Justin Sun, member of the Huobi HTX Global Advisory Committee, recently posted on social media: 1. Huobi HTX has shown strong performance in new listings, delivering multiple 10x tokens weekly. 2. Platform funds have seen net inflows for six consecutive months, indicating user satisfaction with Huobi HTX’s services. 3. Profitability has significantly improved (over 100%), and Huobi HTX will continue buybacks.
Huobi HTX Aims to Become Synonymous with High-Quality Assets
Liu Ye, Head of Business at Huobi HTX and a senior investment analyst, said that Kaiko’s report is a rewarding recognition after a period of difficult climb for Huobi HTX—one that inspires both confidence and humility about the journey ahead.
According to Liu Ye, Huobi HTX will continue striving in the following directions:
1. Launching high-quality assets. Huobi HTX maintains strict standards for new listings, backed by a highly professional project evaluation team. Justin Sun, member of the Huobi HTX Global Advisory Committee, is one of them. Huobi HTX aims to become synonymous with a premier platform for high-quality digital assets.
2. Optimizing product details. Huobi HTX has listened closely to user feedback and improved various aspects of the user experience. For example, the previously cumbersome withdrawal process has now been properly resolved. Event and promotional product designs have also shifted from being complex to more user-friendly.
3. Continuously enhancing market depth by attracting more high-quality market makers and brokerage teams to deliver seamless trading experiences.
4. Security remains the foundation of the platform. Following last year’s hacking incident, Huobi HTX implemented a series of improvements. On the hardware side, it partnered with world-class cybersecurity firm FearOff to strengthen defenses. On the software side, it has committed to providing 100% financial protection for users.
Liu Ye concluded: “Everything at Huobi HTX is moving in a positive direction. Let time be the judge. Please believe in Huobi HTX.”
Indeed, exchanges remain among the most profitable businesses in the crypto industry—and also one of the most fiercely competitive. Since the first cryptocurrency exchange emerged, the landscape has undergone constant transformation, with rises and falls happening in the blink of an eye. While Coinbase and Binance currently lead the market, the overall exchange landscape is still far from settled.
Huobi HTX, a veteran that has weathered nearly 11 years of ups and downs in the crypto market, has witnessed countless shifts and changes. Today, it is no longer just a trading platform—it is a legend, carrying the dreams and memories of countless investors. Huobi HTX firmly believes that true value lies not in short-term price fluctuations, but in long-term growth and contributions. Going forward, Huobi HTX will continue working alongside global partners to advance cryptocurrency and blockchain technology, creating greater value for users and welcoming a more open, inclusive, and vibrant crypto future.
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