{"id":351300,"date":"2024-07-24T21:37:11","date_gmt":"2024-07-24T16:07:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=351300"},"modified":"2024-07-24T21:37:11","modified_gmt":"2024-07-24T16:07:11","slug":"htx-just-outshined-coinbase-exchange-again-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/htx-just-outshined-coinbase-exchange-again-crypto-news\/","title":{"rendered":"HTX just outshined Coinbase exchange again – Crypto News"},"content":{"rendered":"

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Justin Sun\u2019 HTX Exchange hit a major milestone after as it ranked second globally in spot trading.<\/p>\n

HTX Outranks Coinbase Again<\/h2>\n

According to data from CoinGecko, HTX Global<\/a> (formerly Huobi) featured on the list of Top Crypto Exchanges Ranked by Trust Score.<\/p>\n

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The list contains the names of 219 cryptocurrency exchanges including Binance, OKX, KuCoin, Coinbase, Kraken, Bitget, Bitfinex, and Upbit amongst others. HTX ranked second with a trust score of 10\/10 and a 24-hour trading volume of $2.7 billion.<\/p>\n

The Tron Network founder Sun acknowledged this as the first time the exchange will hit such a rank.<\/p>\n

HTX followed Binance which ranked first with a trading volume of more than $13.1 billion. Other crypto exchanges that fell into the 10\/10 category in order of appearance are OKX, Coinbase, Kraken, Kucoin, and Binance U.S. Every other exchange on the list has a trust score ranging from 9\/10 to 1\/10.<\/p>\n

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For the first time, HTX @HTX_Global<\/a> is ranked second \ud83e\udd48 globally in spot trading. This is just the beginning! We will continue to work hard! \ud83d\udcaa pic.twitter.com\/mdfzBxdhyG<\/a><\/p>\n

\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) July 24, 2024<\/a><\/p>\n<\/blockquote>\n

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This is one of the many wins that HTX has recorded this year. In May, Sun identified HTX Global\u2019s meteoric rise in spot trading volume<\/a>, stating that it surpassed that of Coinbase. While Coinbase exchange saw $1.5 billion in trading volume, HTX outranked it by claiming $2.05 billion in spot trading volume in 24 hours.<\/p>\n

This became the Justin Sun-led exchange\u2019s first time to outperform Coinbase. The latest report on Top Crypto Exchanges Ranked by Trust Score marks the second time on record.<\/p>\n

First Trading Day For Spot Ethereum ETFs<\/h2>\n

HTX new ranking coincides with the time that the broader crypto industry saw the launch of Ethereum ETFs. After the United States Securities and Exchange Commission (SEC) approved the spot Ethereum ETF<\/a> offering for trading, it hit the market immediately.<\/p>\n

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On the first trading day, the spot Ethereum ETFs saw notable trading volume of over $1 billion in addition to net inflows of $107 million. BlackRock\u2019s ETF<\/a> led the pack with $265 million in total inflows, while the Grayscale Ethereum Trust (ETHE) had a less favorable impact. This hardly comes as a surprise considering how Grayscale Bitcoin Trust (GBTC) performed after the ETF launched in January.<\/p>\n

Bitwise Ethereum ETF (ETHW) recorded more than $200 million worth of inflows. Fidelity Ethereum ETF (FETH) saw over $70 million in total inflows. The other players like Invesco, 21Shares, VanEck, and Franklin recorded inflows to the tune of anywhere between $5-$15 million.<\/p>\n

Read More: Russia Duma Passes Bill To Legalize Bitcoin Mining & Crypto Payments<\/a><\/strong><\/p>\n

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Justin Sun\u2019 HTX Exchange hit a major milestone after as it ranked second globally in spot trading. HTX Outranks Coinbase Again According to data from CoinGecko, HTX Global (formerly Huobi) featured on the list of Top Crypto Exchanges Ranked by Trust Score. The list contains the names of 219 cryptocurrency exchanges including Binance, OKX, KuCoin, […]<\/p>\n","protected":false},"author":2,"featured_media":170119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-351300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=351300"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351300\/revisions"}],"predecessor-version":[{"id":351307,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351300\/revisions\/351307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/170119"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=351300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=351300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=351300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}