Crypto Exchange HTX Reports 25.6% Volume Growth
The cryptocurrency exchange HTX released its performance report for January 2026, showing a 25.6% increase in trading volume. The company also announced it had reached a milestone of 58 million registered users by the end of the month and added over 20 new fiat on/off-ramps.
- The exchange, formerly known as Huobi, rebranded to HTX in September 2023 to mark its 10th anniversary. The "H" represents Huobi, the "T" signifies the Tron blockchain, and the "X" denotes the exchange itself. - HTX is part of a broader crypto empire controlled by Justin Sun, which also includes the Tron blockchain, Poloniex exchange, and BitTorrent. Sun, a prominent and sometimes controversial figure in the crypto space, acquired HTX (then Huobi) in 2022. - For the full year of 2025, HTX reported a total trading volume of approximately $3.3 trillion, which was a 39% increase from 2024. The platform added 6 million new users in 2025, bringing its global registered user base to over 55 million. - The growth in January 2026 comes amid a generally sluggish start to the year for the broader cryptocurrency market, which saw a 51.2% year-over-year decrease in total trading volume across exchanges. - The exchange has recently faced legal challenges from the UK's Financial Conduct Authority (FCA), which initiated legal proceedings in February 2026 against HTX for allegedly promoting crypto services illegally to UK consumers. - HTX's strategy in 2025 involved listing 166 new assets, focusing on identifying trends in sectors like AI, memecoins, and Layer 1/Layer 2 protocols early. One of the top-performing new assets, PIPPIN, reportedly saw a peak increase of 9,500%. - The exchange's owner, Justin Sun, and his companies have been under investigation by the U.S. Securities and Exchange Commission (SEC). However, in February 2025, the SEC requested a pause in its case against Sun, who has since become a significant financial supporter of crypto ventures linked to Donald Trump.
