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Cryptocurrency exchange HTX has reported strong growth in the first half of 2025, with its user base reaching over 50 million following a 92% increase in new registrations compared to the previous six months, whilst platform assets rose 14% to surpass $6.4 billion.
The exchange, which rebranded globally in 2022, saw total trading volume grow 17% year-on-year with active traders increasing 11% from the previous half-year period, according to its mid-year report released this week.
The performance comes as the cryptocurrency market experienced significant volatility, with Bitcoin surging past $120,000 to hit a new all-time high during a period marked by regulatory uncertainty and technological developments.
HTX climbed two positions to rank eighth globally among 45 major exchanges in Kaiko's second quarter 2025 spot exchange ranking, making it the most improved exchange within the top 10. The platform also recorded its highest-ever monthly organic traffic in March, with visits soaring 127% year-on-year.
The exchange has focused heavily on listing trending assets ahead of competitors, with several new listings experiencing substantial gains shortly after launch. TRUMP, which debuted exclusively on HTX, rose from 10 USDT to 95 USDT, marking an 850% increase. Other notable performers included AVAAI, which surged 570%, PIPPIN up 484%, and LAYER gaining 467%.
HTX has also expanded its stablecoin offerings, launching six new stablecoins since May including USD1, EURR, USDR, EURQ, USDQ, and AETHUSDT. The platform became the first global exchange to list USD1, issued by World Liberty Financial, a cryptocurrency project backed by the Trump family.
The exchange's governance mechanism through HTX DAO has evolved, with the introduction of token-weighted voting tools in April allowing holders to submit and vote on governance proposals. In July, listing governance commenced, enabling token holders to vote on recommended projects.
HTX DAO completed its second quarter 2025 token burn on 15 July, destroying approximately 11.79 trillion HTX tokens. Total burns for the first half of 2025 reached around 23 trillion HTX tokens, valued at roughly $41.36 million at current prices.
Strategic partnerships have expanded with custody providers Fireblocks and BitGo, enabling comprehensive upgrades in asset security and institutional services. These integrations have equipped HTX with industry-leading technical capabilities for trading security and regulatory compliance.
Product enhancements during the first half included the introduction of multi-assets collateral mode for futures trading, a "zero-cost futures position" feature, and custodial sub-accounts. The platform also launched one-to-one USDT/USDD conversion to boost stablecoin utilisation.
On the security front, HTX blocked 15 withdrawal attempts to scam addresses, helping recover losses of over $100,000, and assisted in freezing $1.42 million in compromised funds whilst adding over 20,000 malicious wallet addresses to its blacklist.
The exchange has maintained its Merkle Tree Proof of Reserves for 33 consecutive months, with its overall reserve ratio remaining above 100%. As of 1 July 2025, user-held USDT assets totalled 1.8 billion whilst platform reserves exceeded 1.82 billion.
HTX hosted 16 offline brand events across key markets including Hong Kong, Dubai, Moscow, Istanbul, and Las Vegas, achieving a total media reach of 274 million and providing services for over 3,300 clients. The platform also conducted eight themed campaigns that attracted over 20,000 participants on average and generated nearly $25 billion USDT in combined spot and futures trading volume.
Customer support served over 1.36 million users and resolved nearly 590,000 high-priority issues with an overall satisfaction rate exceeding 82%. The platform's Learn & Earn campaign gained over 1.6 million visits and attracted more than 330,000 participants.
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive blockchain ecosystem encompassing digital asset trading, financial derivatives, research, investments, and incubation services.
