HTX, the cryptocurrency trading platform formerly known as Huobi, has outperformed Coinbase, a US-based exchange, in terms of spot trading volumes.
Justin Sun, the founder of Tron who serves as an advisor for HTX and has significant assets on the exchange, announced on X on May 27 that HTX has surpassed Coinbase for the first time in spot trading volume.
Sun stated that this is just the beginning and referred to the data on CoinGecko, a crypto data aggregator.
According to CoinGecko, HTX currently has a daily spot trading volume of $2.4 billion and is ranked as the fourth largest crypto exchange in the world behind Binance, Bybit, OKX, and Gate.io.
In comparison, Coinbase has a spot trading volume of approximately $2 billion and is behind HTX and Bitrue. This data is consistent with that of another cryptocurrency website, CoinMarketCap.
