HTX Climbs to Second Place Globally in 24-Hour Trading Volume, Releases July Performance Report
August 6th, 2024 6:19 PM
By: Newsworthy Staff
Cryptocurrency exchange HTX has released its July performance report, highlighting significant growth in trading volume and global rankings, as well as advancements in asset listings, investments, and security measures.

Cryptocurrency exchange HTX has released its July performance report, showcasing substantial growth and achievements across various aspects of its operations. The report highlights the platform's rise to second place globally in 24-hour trading volume, expansion of asset offerings, and continued commitment to user security and service quality.
According to the report, HTX experienced an 11.3% increase in trading volume compared to the previous month, despite market volatility. On July 24, the platform's 24-hour trading volume reached $2.8 billion, securing the second position globally based on CoinGecko data. This marks the third time this year that HTX has achieved a top-two ranking, demonstrating consistent progress in the competitive cryptocurrency exchange landscape.
In July, HTX expanded its asset offerings by listing 15 new cryptocurrencies, including PIXFI, A8, LRDS, and AVAIL. The platform synchronized these listings with other major exchanges like Coinbase, highlighting its commitment to providing users with access to emerging digital assets. Notably, following its listing on HTX, AVAIL's price surged by 90%, while FIGHT experienced a 60% increase, indicating strong market interest in these new offerings.
HTX Ventures, the investment arm of the platform, announced investments in two projects: Lombard and Redstone. The investment team also participated in EthCC events in Brussels, sharing insights on restaking development and successful Web3 ecosystem launches. Additionally, HTX Ventures published an industry research paper across various media platforms, demonstrating its commitment to advancing the cryptocurrency ecosystem.
As part of its 11th anniversary celebrations, HTX launched the Battle of Glory for KOLs event, offering participants the chance to compete for a 200,000 USDT prize pool. The platform also introduced an Anniversary Appreciation Plan for existing users, which includes a refund of account management fees totaling tens of millions of dollars.
Security remains a top priority for HTX, with the platform sending 292,937 security alerts to users and combating 5 phishing websites and fake app download sites in July. The security team intercepted 4 transactions to scam addresses, recovering 100,000 USDT in lost funds, and helped users freeze over 130,000 USDT in stolen funds from external sources. Additionally, HTX blacklisted 7,118 new addresses, intercepting 35 deposits amounting to approximately 650,000 USDT.
HTX DAO announced the completion of its Q2 2024 Liquidity Pledge, with a total of $30.5 million pledged and burned during this period. The DAO received ecosystem liquidity pledges totaling $21.5 million in Q2 2024, bringing the cumulative amount to $42.5 million.
The platform also fulfilled its commitment to users affected by the pGALA incident, completing $10 million in compensation through payouts, platform benefits, and Gala nodes. This action underscores HTX's dedication to protecting user interests and maintaining trust within its community.
Throughout July, HTX's customer service team assisted 38,800 users and addressed 61,646 inquiries and support tickets, primarily related to account security and P2P trading issues. The platform reported that over 83% of users expressed positive feedback on the support received.
As HTX approaches its 11th anniversary, the platform reaffirms its commitment to transparency and user-centric services.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,
