Recently, the encryption data company Kaiko released the second-quarter 2024 exchange liquidity report. Among the 43 mainstream centralized exchanges it surveyed, HTX was rated AA, ranking tied for fourth in liquidity, with an average trading volume of $605 billion.
The report evaluated five exchange 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 to more users.
HTX’s performance in the first half of 2024 was remarkable. Looking back over the past six months, HTX has excelled.
HTX adheres to the principle of “users first” in listing new assets, highlighting the core competitiveness of being a “people’s exchange” with a huge wealth effect. In terms of discovering and issuing new assets, HTX has focused on potential currencies and quality assets in different fields such as Meme, AI, public chains, and L2. In Q1 of 2024 alone, HTX listed 59 new project tokens, with nearly 50% of them having the highest historical increase of over a thousand percent. Topping the list of increases was WIF, a Meme project from the Solana network, with an increase of 12,039%.
Additionally, as of June 1, 2024, HTX has updated the Merkle Tree asset audit report 20 times. The latest reserve ratios for HTX are as follows: USDT 100% (HTX wallet assets $610,174,986), BTC 100% (HTX wallet assets $25,735), ETH 101% (HTX wallet assets $92,631), HTX 105% (HTX wallet assets $360,938,524,569,165), and TRX 105% (HTX wallet assets $9,754,300,787). The data for USDT and ETH include assets such as stUSDT and stETH.
Another point of interest for the market and community 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 advancing the decentralized exploration and democratic governance of HTX.
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 performing well, with tenfold coins every week. 2. The platform has seen continuous net inflows of funds for six months, proving that users are satisfied with HTX’s services. 3. Platform profitability has significantly increased (over 100%), and HTX will carry out repurchases.
HTX aims to become synonymous with quality assets. Liu Ye, HTX’s head of business and a senior investment analyst, stated that Kaiko’s report is a reward for HTX’s hard climb in recent times, instilling confidence for the journey ahead while maintaining a sense of awe.
According to Liu Ye, in the future, HTX will continue to strive in the following directions:
1. Introducing high-quality assets. HTX has strict requirements for new asset listings and a highly professional project screening team, with Sun Yuchen, a member of the HTX Global Advisory Committee, among them. HTX aims to be synonymous with a platform for quality assets.
2. Product detail optimization. HTX has listened to many user voices and enhanced improvements in various product experiences, including resolving issues with cumbersome withdrawal processes. HTX’s activity and product design have also been optimized towards user-friendly directions.
3. Continuing to improve liquidity to attract more high-quality market makers and brokerage teams, providing users with a smooth trading experience.
4. Security is the platform’s lifeline. After last year’s hacking incident, HTX made a series of improvements and enhancements. Hardware-wise, they partnered with the top international security company FearOff to focus on security. Software-wise, they made a commitment to provide 100% fund security for users.
In conclusion, Liu Ye stated, “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 sectors in the cryptocurrency industry and also one of the most fiercely competitive. Since the birth of the first cryptocurrency exchange, the landscape of exchanges has been ever-changing, with fortunes shifting in an instant. While Coinbase and Binance hold the leading positions, the structure of the exchange industry is still uncertain.
HTX, an old soldier who has been through nearly 11 years of ups and downs in the cryptocurrency market, has witnessed countless fluctuations 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 contribution. 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 world of cryptocurrencies.
*Disclaimer: This corporate announcement is not an official statement from Gyro Technologies, and all legal issues are unrelated to Gyro Technologies.
