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HTX Ranks Third Globally in Spot Volume: Mission Completed?

HTX Ranks Third Globally in Spot Volume: Mission Completed?

Source: Cointime

The crypto exchange HTX, formerly known as Huobi, enjoyed a meteoric rise to prominence during its first decade, establishing itself as the undisputed leader in the industry, surpassing rivals like Binance and OKX. However, the exchange’s trajectory took a sharp turn following its withdrawal from key markets, a decision that significantly impacted its trading volume. This shift led to a decline in its market share, ultimately relegating the once-dominant platform to third-tier status prior to its recent acquisition.

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HTX Ranks Third Globally in Spot Volume: Mission Completed?

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In an extremely positive week for crypto assets, BTC hit a 39-day high of $68,560, rebounding over 29 percent from the local low on July 5th. The recent movement has been marked by five consecutive green daily closes from July 12th to 16th, indicating strong bullish momentum.

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