HTX, formerly known as Huobi, has surpassed Coinbase in 24-hour spot trading volume, reaching $2.15 billion. This significant milestone places HTX in fourth place, behind Binance, Bybit, and OKX.
HTX’s rapid growth highlights its expanding influence in the cryptocurrency market. Binance remains the leader with a spot trading volume of $9.27 billion, while Coinbase slips to fifth place with $2.05 billion.
In September 2023, Huobi rebranded to HTX, underscoring its commitment to innovation and growth. This rebranding is part of HTX’s strategic transformation, which also included the burning of 41 million HT tokens in January 2024 to create a new asset, HTX.
HTX’s leap in spot trading volume showcases its growing presence and competitive edge. Although it has surpassed Coinbase, it continues to aim for higher ranks to compete with Binance, Bybit, and OKX.
HTX’s progress signifies its potential to shape the future of cryptocurrency exchanges.
