Recently, Kaiko, a crypto data company, released the exchange liquidity report for the second quarter of 2024. Among the 43 mainstream centralized exchanges it counted, Huobi HTX was rated AA, ranked fourth in liquidity, and had an average trading volume of $60.5 billion.
* Image source: Kaiko 2024 Q2 Exchange Liquidity Report
It is reported that the report scores five exchange liquidity indicators: trading volume, trading volume contribution, +/-1 market depth, coefficient of variation (CV) dispersion and market quality. Huobi HTX responded that it will always adhere to safety and compliance, focus on the global market, and provide more users with comprehensive, safe and convenient cryptocurrency trading services.
2024 1H: Huobi HTX achieves remarkable results
Looking back over the past 6 months, Huobi HTX has achieved remarkable results.
* The picture is the statistical data from 2024.5.27 to 2024.6.3, for reference only
Huobi HTX adheres to the user first principle of listing coins, highlighting the core competitiveness of the Peoples Exchange with its huge wealth effect. In terms of the discovery and issuance of new assets, it has been deeply involved in potential currencies and high-quality assets in different tracks such as Meme, AI, public chains, and L2. According to incomplete statistics, in Q1 2024 alone, Huobi HTX has listed 59 new project tokens, of which nearly 50% have a historical maximum increase of more than 1,000. The one with the highest increase is WIF, a Meme project from the Solana chain, with an increase of 12039%.
* Image from: Huobi HTX official website - Asset Audit Page
In addition, as of June 1, 2024, Huobi HTX has updated the Merkle Tree asset audit report 20 times. The latest reserve ratio of Huobi HTX is: 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 data already include assets such as stUSDT and stETH.
Another thing that deserves the attention of the market and the community is the establishment of the HTX DAO Peoples Committee. More than a month after its establishment, the HTX DAO Peoples Committee has now become the backbone of the community, focusing on the long-term interests of the community, and promoting and implementing the decentralized exploration and democratic autonomy of Huobi HTX.
Based on these achievements, Justin Sun, a member of Huobi HTX Global Advisory Committee, also recently posted on social media: 1. Huobi HTX has a good performance in new listings, with ten times the value of coins every week. 2. The funds in the platform have been net inflows for six consecutive months, proving that users are satisfied with Huobi HTXs services. 3. The platforms profitability has increased significantly (over 100%), and Huobi HTX will do a good job of repurchasing.
Huobi HTX hopes to become synonymous with high-quality assets
Huobi HTX Business Director and Senior Investment Analyst Liu Ye said that Kaiko’s report was a beautiful reward for Huobi HTX after its difficult climb over the past period of time. It made it full of confidence and awe for the journey ahead.
According to Liu Ye, Huobi HTX will continue to work towards the following directions in the future:
1. New high-quality assets. Huobi HTX has strict requirements for the listing of new assets and has a very professional project screening team. Justin Sun, a member of the Huobi HTX Global Advisory Committee, is one of them. Huobi HTXs goal is to become a synonym for a high-quality asset platform.
2. Product details optimization. Huobi HTX has listened to many users and strengthened improvements in various product experiences. For example, the cumbersome withdrawal process has now been properly resolved. The event product design of Huobi HTX has also changed from the previous complexity to optimization in the direction of user-friendliness.
3. Continue to improve depth, attract more high-quality market makers and broker teams, and provide users with a smooth trading experience.
4. Security is the foundation of the platform. After the hacker incident last year, Huobi HTX made a series of improvements. In terms of hardware: cooperate with the world-class security company FearOff to make great efforts in security; in terms of software: make a commitment to 100% fund protection for users.
Liu Ye concluded: Huobi HTX is working towards a better direction as a whole. Let time give the answer. Please believe in Huobi HTX.
Indeed, exchanges are one of the most profitable businesses in the crypto industry, and they are also the most competitive track. Since the birth of the first crypto exchange, the exchange industry has been changing rapidly, with rise and fall in a blink of an eye. Although Coinbase and Binance occupy the leading position, the exchange industry structure is still uncertain.
Huobi HTX, a veteran that has been with the crypto market for nearly 11 years, has witnessed countless ups and downs and changes. Today, it is not only a trading platform, but also a legend, carrying the dreams and memories of countless investors. Huobi HTX firmly believes that the true value lies not in short-term ups and downs, but in long-term development and contribution. In the future, Huobi HTX will continue to work with global partners to jointly promote the development of cryptocurrency and blockchain technology, create more value for users, and usher in a more open, inclusive, and vibrant new world of crypto.
