HTX Exchange Ranks Second Globally in Spot Trading, Securing Perfect Trust Score

A significant milestone was achieved by Justin Sun's HTX Exchange when it was ranked second internationally in spot trading.

HTX Exchange, led by Tron founder Justin Sun, has achieved a historic milestone by being ranked second in global spot trading.

According to a recent ranking by CoinGecko, HTX Global, formerly known as Huobi, is now recognized as one of the most trusted cryptocurrency exchanges. Among the 219 crypto exchanges listed are Binance, OKEx, KuCoin, Coinbase, Kraken, Bitget, Bitfinex, and Upbit. HTX secured the second spot with a trust score of 10 out of 10 and a 24-hour trading volume of $2.7 billion.

This marks a first for the exchange, as highlighted by Sun, the founder of Tron Network, via Coingape. Binance led the chart with over $13.1 billion in trading volume, followed by HTX. Other top crypto exchanges include Binance U.S., OKX, Coinbase, Kraken, and Kucoin, each with a trust score ranging from nine to one-tenth.

This achievement adds to HTX's string of milestones this year. In May, Sun highlighted that HTX Global's spot trading volume had hit new heights, surpassing even Coinbase for a single day. HTX's spot trading volume reached $2.05 billion on one day, compared to Coinbase's $1.5 billion in trading volume.

It marked the first time an exchange led by Justin Sun had outperformed Coinbase. This ranking by trust score is also only the second time on record, according to the current survey.

The new ranking for HTX comes around the same time as the launch of Ethereum ETFs, indicating a broader trend in the crypto market. Following the SEC's approval, the spot Ethereum ETF wasted no time in hitting the market.

On their first trading day, the spot Ethereum ETFs saw massive trading volume, crossing $1 billion, and net inflows reaching $107 million.

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