HTX reported total trading volume of $2.4 trillion in 2024, representing a 100% year-over-year increase, while growing its user base to 49 million customers
The exchange listed 218 new assets in 2024, with 171 being initial listings, and saw user assets grow to $5 billion through a net capital inflow of $1 billion
HTX Ventures invested in 28 projects across sectors like BTCFi, ZK-rollups, and AI, while pursuing regulatory licenses in Europe, Dubai, and Bahrain
The platform maintained over 100% reserve ratios across eight assets through monthly Proof of Reserves verifications
HTX achieved 11% market share in the CIS region, ranking third, while hosting 19 brand events and receiving 4 industry awards globally
The exchange welcomed three million new registered users in 2024, bringing its total user base to over 49 million. User assets expanded through a net capital inflow of $1 billion, reaching a total of $5 billion – representing an 80% increase from early 2024.
HTX’s growth was supported by various user engagement initiatives including Launchpool, Trade to Earn, and Earn with Pending Orders programs. The platform also introduced Borrow & Earn and SmartEarn features, along with special events during its 11th anniversary celebration.
Community participation played a key role in HTX’s development through its DAO structure, which saw more than 350,000 votes cast throughout the year. The exchange implemented new “Multiple Staking Rewards” models based on governance proposals to enhance the value of its native $HTX token.
Data from the exchange shows that the number of users holding $HTX reached over 720,000. Large token holders, defined as those possessing over 100,000 USDT worth of tokens, increased by 110%. The amount held by these large holders grew by 268% during the year.
218 New Listings
In terms of asset listings, HTX added 218 new cryptocurrencies to its platform in 2024. Of these, 171 were initial listings, meaning HTX was the first major exchange to offer trading for these assets. Notable listings included WIF, BOME, ONDO, and ENA, covering sectors such as DePIN, RWA, and meme coins.
One of the platform’s most successful listings was SUNDOG, which saw its value increase 37-fold after being added to HTX. In response to user interest in discovering new opportunities, the exchange launched its Crypto Gem Hunt initiative.
On the regulatory front, HTX pursued compliance in multiple jurisdictions. The exchange applied for MiCA licenses in Europe and sought regulatory approvals in Dubai through VARA’s FMP license program. Additional licensing efforts were undertaken in Bahrain for custody, brokerage, and exchange operations.
HTX maintained transparency through monthly Proof of Reserves verifications using Merkle Tree Verification. The exchange kept reserve ratios above 100% for eight different cryptocurrencies throughout the year.
Through its investment arm, HTX Ventures, the company backed 28 projects in 2024. These investments spanned various sectors including BTCFi, ZK-rollups, modular infrastructure, AI, and SocialFi. The exchange also formed partnerships with venture capital firms Bankless and Figment.
HTX strengthened its market presence by participating in major industry events such as TOKEN2049 and Blockchain Life. The exchange organized 19 brand events and received four industry awards. At Crypto Summit 2024, it was revealed that HTX holds an 11% market share in the CIS region, where it ranks third among exchanges.
Future Plans
Looking ahead to 2025, HTX outlined plans to expand its premium listings and enhance product offerings. The exchange aims to strengthen security measures and support decentralized governance while growing its influence in key markets, particularly the CIS region.
The platform’s expansion aligns with anticipated changes in U.S. Federal Reserve interest rate policies and evolving global regulatory frameworks. HTX maintains its focus on providing trading services while working toward its stated goal of “Achieving Financial Freedom for 8 Billion People on Earth.”
HTX has evolved beyond its original role as a cryptocurrency exchange to encompass various blockchain-related businesses. These include financial derivatives, research, investments, and incubation services, positioning the company as a gateway to Web3 services.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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