The cryptocurrency market kicked off 2024 with unprecedented momentum. From the approval of Bitcoin spot ETFs to BTC soaring past $64,000, from the explosive rise of Crypto+AI narratives to Ethereum’s highly anticipated Cancun upgrade — the stage is set for a transformative bull cycle. Layer2 ecosystems are gaining traction, and macro tailwinds like rate cuts and halving events are fueling optimism across the industry.
At the heart of this evolution stands HTX, a leading global digital asset exchange that not only witnessed but actively shaped key developments throughout 2023. As it transitions into 2024 by joining the HTX DAO as an ecosystem builder, HTX is redefining what a centralized exchange can become — a community-driven, transparent, and user-first "People’s Exchange."
This comprehensive review dives into HTX’s milestones across user growth, product innovation, security, compliance, and ecosystem expansion — setting the foundation for its bold vision in 2025 and beyond.
📊 Platform Growth: Scaling New Heights in 2023
HTX solidified its position as a top-tier exchange through robust performance metrics across user acquisition, trading volume, and financial accessibility.
🔹 User Base Expansion
HTX surpassed 46 million cumulative registered users, adding 5 million new users in 2023 alone. The platform recorded nearly 54.3 billion dual-platform visits, reflecting strong engagement across both mobile and web interfaces.
🔹 Trading Volume Surge
Total trading volume reached $1.3 trillion in 2023**, with spot trading contributing approximately **$600 billion (46.1%). According to The Block, HTX's monthly spot trading volume grew by 324.4% from January to December 2023 — a testament to consistent demand and platform reliability.
🔹 P2P Liquidity Momentum
HTX’s peer-to-peer (P2P) trading arm saw significant traction, with transaction volume approaching $7.2 billion in 2023. Monthly P2P volume increased by 178% year-over-year, highlighting growing trust in its secure, localized fiat on-ramps.
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🚀 Asset Innovation: Leading Market Trends with Strategic Listings
HTX maintained its edge by proactively listing high-potential assets across emerging sectors, delivering outsized returns for early adopters.
🔹 123 New Assets Launched
In 2023, HTX added 123 new cryptocurrencies and launched 134 spot trading pairs, spanning:
- New L1s: SUI, SEI, TIA, ARB
- Meme Coins: PEPE, BONK
- BRC-20 Tokens: SATS, ORDI
- AI & Solana Ecosystems
Notable price performances include:
- SUI: Up 206x post-listing
- SEI: Gained 178x
- TIA: Peaked at 6x on modular blockchain hype
- PEPE: Surged nearly 2,000x after early listing
- ORDI: Led BRC-20 rally with 53x gains
HTX was among the first major exchanges to list SATS and ORDI — ahead of even Binance and OKX — capturing early market attention during the Bitcoin inscription boom.
🔹 PrimeVote: Community-Driven Token Selection
HTX hosted 9 PrimeVote rounds in 2023, with over 500 projects applying and more than 9 million votes cast. Winners included ORDI (the first BRC-20 token selected via community vote), TOMI, and CA — all delivering strong post-listing performance.
Over $2.3 million in USDT rewards were distributed to participants, reinforcing decentralized governance principles.
🔹 PrimePool: Fair Launch Staking Rewards
Through 11 PrimePool campaigns, HTX distributed over $2.2 million in incentives. Notably, a TRX staking event attracted over 10,000 users — showcasing strong demand for accessible yield opportunities.
📈 Derivatives & Earn Products: Powering Advanced Trading and Passive Income
HTX strengthened its offerings in derivatives and yield-generating services, catering to both active traders and passive investors.
🔹 Futures Trading Growth
- Total futures volume: $650 billion in 2023
- Q4 volume up over 40% QoQ
- Supported over 140 contract pairs by early 2024
- Listed 75 new assets, with 90%+ gaining over 200%
Key product upgrades:
- Copy Trading 2.0: Now supports isolated margin adjustments, limit orders, and trailing stops
- Over 500% growth in professional traders offering signals since 2023
- Real-time funding rate settlement improved price anchoring
🔹 Huobi Earn: Flexible Yield Solutions
HTX’s earn suite helped users generate over $10 million in interest, serving users across 200+ countries.
Offerings include:
- Simple Earn: Flexible and fixed-term options for 50+ coins
Structured Products:
- Dual Currency: Ideal for sideways markets — earn premium by agreeing to buy low or sell high
- Shark Fin: Delivered over $100 million GMV within weeks of launch; ideal for directional markets
- On-chain Staking: ETH2.0, multi-network node staking, and Restaking initiatives with a $50 million incentive pool
🔧 Product Upgrades: Enhancing User Experience Across Platforms
HTX invested heavily in UX improvements across its app and web platforms.
🔹 Mobile App Optimization
- Simplified login: Added passkey support, third-party logins, and OTP access
- Login efficiency improved by 14% YoY
- Redesigned homepage: Reduced bottom navigation from 6 to 5 tabs; personalized content modules increased distribution efficiency by 27%
🔹 Content & KOL Empowerment
- Enhanced visibility for KOLs across news feeds and discovery pages
- Introduced tools like live stream trading cards, community follow widgets, and external sharing features
- Daily engagement from KOLs and users: ~5,000 posts with >7% interaction rate
🔹 Web Platform Parity
All major features — including PrimeVote, PrimePool, trading competitions, and rewards centers — are now fully accessible on desktop.
🔐 Security & Compliance: Building Trust Through Transparency
Trust remains central to HTX’s mission — backed by rigorous security protocols and global regulatory alignment.
🔹 Risk Management
- Tracked and resolved 85 blockchain incidents across 19 networks
- Developed proactive defenses against two critical types of on-chain threats
🔹 Global Licensing Progress
HTX holds operational licenses in:
- Australia
- Argentina, Chile, Paraguay, Uruguay (Latin America)
Upcoming milestones:
- Lithuania: Operating since 2023; preparing for MiCA compliance
- Dubai FMP License: Has received AIP from VARA; final submission underway (expected within 6 months)
- BVI VASP License: Among first applicants under new regulations; will expand services to include custodial wallets and fiat gateways
Notably, HTX already holds the world’s first BVI Derivatives Virtual Currency Trading License (granted in 2022).
🔹 Proof of Reserves
Full transparency via regular audits:
- Conducted 16 asset verifications by February 2024
Merkle Tree data shows reserve ratios above 100%:
- USDT: 101%
- BTC: 100%
- ETH: 102%
- TRX: 103%
These figures include staked derivatives like stUSDT and BETH.
🌍 Community & Ecosystem Development
HTX fostered one of the most active communities in crypto — blending education, engagement, and empowerment.
🔹 Community Growth (as of Feb 2024)
- Over 10 million active followers across channels
- ~200K users engaging daily on in-app forums
- Nearly 1 million users in internal trading groups (+29% YoY)
- Collaborated with 200+ KOLs, including Justin Sun, reaching hundreds of millions in exposure
Daily livestreams averaged 80 sessions, with thousands tuning in for market analysis.
🔹 HTX DAO: A Decentralized Future Begins
Launched on January 18, the HTX DAO aims to decentralize governance through its native token $HTX. Holders gain rights to vote on listings, propose changes, and shape platform direction.
Founding builders include:
- TRON, Poloniex, BitTorrent, JustLend DAO
- ANKR, Merkle3s Capital, TUSD, USDD
Revenue-sharing agreements ensure sustainable liquidity funding from partner platforms.
🔹 HTX Ventures: Fueling Web3 Innovation
Invested in 200+ projects across:
- Infrastructure | DeFi | RWA | L1/L2 | SocialFi | NFTs
Backed ecosystems on Ethereum, Solana, Arbitrum, Cosmos, Polygon, and Polkadot. Partnered with Princeton Blockchain Club for a landmark hackathon promoting academic-industry collaboration.
🏆 Brand Recognition & Global Presence
HTX elevated its brand through high-profile events and industry accolades.
Key Highlights:
- Rebranded from Huobi Global to HTX at TOKEN2049 Singapore (Sept 2023), hosting a 1,000-person anniversary party
- Won “Best Cryptocurrency Exchange 2023” at Blockchain Life Dubai
- Unveiled Justin Sun’s digital avatar at Australian Crypto Convention — symbolizing the fusion of real and virtual identities
- Hosted six editions of the “Mars Program” with nearly 200,000 participants, minting over 130,000 NFTs
- Presented the “Crypto Spring Festival” awards, honoring top contributors to the ecosystem
🧩 Frequently Asked Questions (FAQ)
Q: What is HTX DAO?
A: HTX DAO is a decentralized autonomous organization where $HTX token holders participate in governance decisions such as listing votes and protocol upgrades. It represents HTX’s shift toward community ownership.
Q: How does HTX ensure user fund safety?
A: Through multi-layered security systems, real-time threat monitoring, regular third-party audits, and proof-of-reserves showing over 100% backing for major assets.
Q: Is HTX compliant with international regulations?
A: Yes. HTX holds licenses in multiple jurisdictions and is actively pursuing key approvals including Dubai FMP and EU MiCA compliance.
Q: Can I earn passive income on HTX?
A: Absolutely. HTX offers Simple Earn (flexible/fixed deposits), Shark Fin (structured yields), Dual Currency products, and on-chain staking with competitive APYs.
Q: How does copy trading work on HTX?
A: Users can automatically mirror trades from verified professional traders. Customizable settings allow control over position size, risk limits, and specific pairs.
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🔮 Looking Ahead to 2025: The People’s Exchange Vision
As HTX enters a new era driven by decentralization and community governance, its roadmap includes:
- Expanding Layer2 and AI-focused asset listings post-Cancun upgrade
- Launching exclusive benefits for $HTX holders (fee discounts, higher APYs, early access)
- Strengthening global compliance with pending MiCA, Dubai FMP, and BVI VASP licenses
- Deepening integration between HTX DAO and product development teams
With a mission to build a “Metaverse Financial Free Port,” HTX continues advancing toward its vision: enabling financial freedom for all eight billion people on Earth.
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