HTX Reports Strong Q3 2024 Growth Despite Market Volatility, Expands Global Presence
Singapore, Singapore, September 30th, 2024, Chainwire
Product Enhancements and New Innovations
In Q3 2024, HTX upgraded several core features, including custodial account updates via Fireblocks, the latest version of Copy Trading (4.0), and futures service optimizations. The redesigned Assets page and updates to Earn products also contributed to an improved user experience.
One of the most notable launches was the HTX Telegram Mini App, the first Telegram app featuring peer-to-peer (P2P) trading. This innovation led to an influx of over 40,000 new accounts linked to the HTX Bot, streamlining the P2P trading experience for users.
HTX Ventures Expands Investment in Web3 and Blockchain Projects
HTX Ventures continued to expand its portfolio of investments throughout Q3, focusing on innovative blockchain projects. In July, the firm invested in Lombard and Redstone, followed by strategic investments in Corn and Nexio in August, and Vanilla Finance and BSX in September. The team also released a research report examining the potential of Bitcoin decentralized finance (BTCFI), exploring Bitcoin’s programmability and the opportunities within this evolving field.
Enhanced Security and Proof of Reserves
Security remained a top priority for HTX in Q3, with the platform issuing over 831,744 security alerts and preventing substantial losses by intercepting phishing attempts and fraudulent transactions. HTX also blacklisted 9,990 addresses and blocked deposits totaling 1,249,876 USDT.
HTX’s commitment to transparency was reflected in its updated Proof of Reserves (PoR) report for September 2024, which confirmed a reserve ratio consistently above 100%. The latest figures show 100% reserves for USDT and BTC, 101% for ETH, and 105% for both $HTX and TRX.
Looking Ahead
HTX’s performance in Q3 2024 highlights the platform’s capacity for growth and adaptation amid challenging market conditions. Moving forward, HTX remains dedicated to enhancing its products and services, ensuring it continues to create value for users and strengthen its position within the global cryptocurrency market.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.
Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
