{"id":166656,"date":"2024-05-28T12:52:40","date_gmt":"2024-05-28T12:52:40","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166656"},"modified":"2024-05-28T12:52:43","modified_gmt":"2024-05-28T12:52:43","slug":"htx-surpasses-coinbase-in-spot-trading-volume-announces-justin-sun","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/htx-surpasses-coinbase-in-spot-trading-volume-announces-justin-sun\/","title":{"rendered":"HTX Surpasses Coinbase in Spot Trading Volume, Announces Justin Sun"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">HTX\u2019s Milestone<\/span><\/strong><span data-preserver-spaces=\"true\">: HTX, previously Huobi, has surpassed Coinbase with a daily spot trading volume of approximately $2.4 billion, becoming the fourth-largest crypto exchange globally.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Justin Sun\u2019s Role<\/span><\/strong><span data-preserver-spaces=\"true\">: Tron founder Justin Sun, serving as an advisor to HTX, announced the milestone and hinted at more growth to come for the exchange.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Coinbase\u2019s Challenges<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: While HTX celebrates its success, Coinbase is dealing with legal issues in the U.S., including an unresolved SEC lawsuit, which may be affecting its trading volume performance.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">HTX,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0the platform formerly known as Huobi,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has eclipsed Coinbase in daily spot\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-cryptocurrency-trading\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">trading\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">volumes.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">This shift signals a new era in the competitive landscape of cryptocurrency exchanges.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">For the first time, <a href=\"https:\/\/twitter.com\/HTX_Global?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@HTX_Global<\/a> has more spot trading volume than <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@coinbase<\/a>. This is just the beginning, and we are just getting started. \ud83e\udee1 <a href=\"https:\/\/t.co\/VeYHFCviHy\" target=\"_blank\">pic.twitter.com\/VeYHFCviHy<\/a><\/p>\n<p>&mdash; H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1795120598831583287?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Justin Sun\u2019s Announcement<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Justin Sun, the influential founder of Tron and an advisor to HTX, took to social media on May 27 to celebrate HTX\u2019s achievement.\u00a0<\/span><strong><em><span data-preserver-spaces=\"true\">\u201cThis is just the beginning, and we are just getting started,\u201d<\/span><\/em><\/strong><span data-preserver-spaces=\"true\">\u00a0Sun proclaimed, highlighting the significance of this milestone for HTX.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">HTX\u2019s Trading Volume Triumph<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/exchanges\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Data\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">from CoinGecko reveals that HTX\u2019s daily spot trading volume has soared to approximately $2.4 billion<\/span><\/strong><span data-preserver-spaces=\"true\">, positioning it as the fourth-largest crypto exchange globally.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This places HTX ahead of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/coinbase-review\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Coinbase<\/span><\/a><span data-preserver-spaces=\"true\">,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">which trails with around $2 billion in spot trading volumes.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-166661\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/HTXExchange.jpg\" alt=\"HTX Surpasses Coinbase in Spot Trading Volume, Announces Justin Sun\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/HTXExchange.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/HTXExchange-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/HTXExchange-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Legal Woes of Coinbase<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Coinbase, once a dominant force, now grapples with legal challenges in the United States.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The SEC\u2019s securities violation lawsuit against Coinbase<\/span><\/strong><span data-preserver-spaces=\"true\">, initiated in June 2023,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">is still unresolved.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">In March 2024, a U.S. court allowed the SEC to continue its lawsuit, alleging that Coinbase operates without proper registration.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">HTX\u2019s Decade of Evolution<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Celebrating its 10th anniversary in September 2023,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">HTX marked the occasion by rebranding from Huobi.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">The new name, combining \u2018H\u2019 for Huobi, \u2018T\u2019 for Tron, and \u2018X\u2019 for exchange, has sparked controversy and drawn comparisons to the defunct FTX exchange.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Rise of HTX Global<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Sun\u2019s announcement also highlighted HTX Global\u2019s impressive $2.05 billion in 24-hour spot trading volume,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">surpassing Coinbase\u2019s $1.5 billion. This surge reflects HTX\u2019s growing prominence and the success of its recent initiatives, including philanthropic efforts and trading fee incentives.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Coinbase\u2019s Regulatory Struggles<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Coinbase faces a series of regulatory hurdles. The SEC\u2019s ongoing lawsuit and a recent Supreme Court ruling against the exchange have cast a shadow over its operations. These developments have likely influenced Coinbase\u2019s spot trading volume, which has seen only a marginal increase.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">HTX\u2019s ascent to the top of the spot trading volume charts is a testament to its strategic growth and the dynamic nature of the cryptocurrency market. As HTX continues to innovate and expand, it sets a new benchmark for other exchanges to follow.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR HTX\u2019s Milestone: HTX, previously Huobi, has surpassed Coinbase with a daily spot trading volume of approximately $2.4 billion, becoming the fourth-largest crypto exchange globally. Justin Sun\u2019s Role: Tron founder Justin Sun, serving as an advisor to HTX, announced the milestone and hinted at more growth to come for the exchange. Coinbase\u2019s Challenges: While HTX &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"HTX Surpasses Coinbase in Spot Trading Volume, Announces Justin Sun\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/htx-surpasses-coinbase-in-spot-trading-volume-announces-justin-sun\/#more-166656\" aria-label=\"More on HTX Surpasses Coinbase in Spot Trading Volume, Announces Justin Sun\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":166662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4642,5536,5463,5179,9819],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166656"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166656"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166656\/revisions"}],"predecessor-version":[{"id":166665,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166656\/revisions\/166665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166662"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}