Huobi HTX Reveals Q3 Report Card: Surging Against the Trend, Continuously Leading the Global Crypto Market
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Huobi HTX Reveals Q3 Report Card: Surging Against the Trend, Continuously Leading the Global Crypto Market
This article presents Huobi HTX's outstanding performance in the third quarter, comprehensively showcasing and sharing numerous achievements and advancements made by Huobi HTX during Q3.
Navigating Web3 tides with focused insightsIn the second half of 2024, the global crypto market experienced significant fluctuations. As Bitcoin and Ethereum demonstrated strong performance, the market gradually recovered, and the shadows of the crypto winter began to dissipate. Huobi HTX defied the trend in Q3, leveraging its stable product lineup and efficient operational strategies to not only maintain continuous growth in trading volume but also steadily expand its influence across key global markets.
This article presents Huobi HTX’s outstanding Q3 performance report, comprehensively showcasing and sharing its numerous achievements and advancements in areas including trading volume and user growth, new token listings, global influence and HTX DAO ecosystem development, product features, HTX Ventures investment outcomes, security and customer service metrics, and reserve fund protection.
Q3 Trading Volume and User Growth Surge Against the Trend; MEME Zone for New Tokens Shines
In Q3 2024, Huobi HTX saw a remarkable 42% increase in average daily active traders compared to the previous quarter. This growth reflects Huobi HTX’s success in attracting users globally through reliable products and high-quality services, demonstrating sustained user trust and reliance on the platform.
Additionally, Huobi HTX’s monthly trading volume increased by 11.3% month-on-month in July, reaching second place globally on July 24 with a 24-hour trading volume of $2.8 billion. This marked the third time in 2024 that Huobi HTX ranked among the top two global exchanges, underscoring its steady development and robust market strength.
During Q3, Huobi HTX listed 43 new tokens, with the SUNPUMP and MEME zones emerging as focal points. At the onset of the SUNPUMP craze, Huobi HTX was the first to fully support the listing of SUNPUMP series tokens. Among them, SUNDOT achieved an extraordinary price surge of up to 37x after listing, highlighting immense market potential. Other popular tokens such as SUNWUKONG and SUNCAT also received strong support from Huobi HTX.
Huobi HTX also led the industry in supporting Ethereum-based MEME tokens, becoming the first exchange to list lowercase Neiro ($NEIROCTO). After its listing on Huobi HTX, this token surged up to 137x, creating substantial wealth opportunities for users. Furthermore, in September, when it came to SOLANA MEME tokens, Huobi HTX was among the earliest exchanges to list MOODENG—$MOODENG rose fourfold within just two days of listing, earning high praise from the community and users alike.
Strong Growth in Global Markets, Especially Russia; HTX DAO Debuts at TOKEN2049 and Other Industry Events
Huobi HTX maintained strong momentum in Asian and European markets while achieving notable breakthroughs in the Russian market. By September, Huobi HTX had captured 13.15% of the Russian market share, ranking third in the country. This figure clearly demonstrates its expansion capabilities in Russia and the trust Russian users place in Huobi HTX, particularly regarding security, liquidity, and innovation. Moreover, Huobi HTX increased its exchange traffic market share by 2% each in India and Japan.
In Q3, HTX DAO completed its second liquidity donation of 2024 and hosted the HTX DAO x TRON TOKEN2049 Afterparty in Singapore on September 18. Sun Yuchen, global advisor of Huobi HTX, stated during the event that collaboration between TRON and Huobi HTX will be further strengthened, creating a complete Web3 ecosystem through a “dual-engine” effect.
On September 25, HTX DAO exclusively sponsored the registration area of Crypto Summit 2024 and appeared as a commercial partner. This initiative provided HTX DAO with a valuable opportunity to showcase its unique decentralized governance model, further expanding its market presence and influence in the CIS region, attracting more members from the crypto community, developers, partners, and users into its ecosystem—thereby strengthening its global community and enhancing decentralization.
Enhancing Internals and Externals: Product Upgrades Improve User Experience; HTX Ventures Accelerates Investment in Innovative Projects
From a product perspective, Huobi HTX rolled out multiple upgrades in Q3 aimed at improving user trading experience and asset security. These enhancements covered eight major areas: Fireblocks custody account integration, Futures Copy Trading 4.0, futures feature optimizations, asset page redesign, wealth management product improvements, among others—comprehensively enhancing user experience and account security.
On September 6, Huobi HTX officially launched its new HTX Telegram Mini App, the first Telegram mini-program to offer C2C trading functionality, designed to provide users with a more convenient peer-to-peer trading experience. Since launch, over 40,000 users have linked their accounts via the new bot.
On the investment front, HTX Ventures continued to accelerate its strategic investments in innovative projects during Q3. In July, HTX Ventures announced investments in Lombard and Redstone and participated in EthCC in Brussels, where it shared insights on "restaking development" and "how to successfully launch a Web3 ecosystem." In August, HTX Ventures made strategic investments in Corn and Nexio. In September, HTX Ventures announced investments in Vanilla Finance and BSX, and released a research report titled "Exploring the BTCFI Rabbit Hole from the Perspective of Bitcoin's Programmability", systematically examining Bitcoin’s potential and challenges in decentralized finance (BTCFI) through the feasibility and evolution of Bitcoin programmability.
Security Enhanced Again, User Satisfaction Rises, Reserve Ratio Maintained Above 100%
In Q3, Huobi HTX significantly strengthened account, transaction, and fund security, achieving remarkable results. The platform issued a total of 831,744 warnings to users and took down 16 counterfeit websites. Additionally, Huobi HTX successfully intercepted nine withdrawal transactions to scam addresses, recovering losses amounting to 127,531 USDT. It added 9,990 new blacklisted addresses and blocked illegal deposits worth 1,249,876 USDT. Meanwhile, customer service satisfaction reached 82%, further reflecting Huobi HTX’s commitment to addressing user needs.
At the same time, Huobi HTX maintained sufficient reserves throughout Q3. Merkle tree proof-of-reserves data updated on September 1 showed reserve ratios consistently above 100%. Specific figures were: USDT 100%, BTC 100%, ETH 101%, HTX 105%, TRX 105%. Users can view related reports via the official audit page, where Huobi HTX conducts regular audits to verify asset adequacy.
In Q3 2024, Huobi HTX demonstrated strong momentum across user growth, new token listings, and global market expansion. Moving forward, Huobi HTX will continue striving to deliver higher-quality products and services, creating greater value for its users.
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