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HTX Releases October Performance Report: Spot Liquidity Significantly Enhanced, APY Boosts Help Users Through a Warm Winter

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HTX Releases October Performance Report: Spot Liquidity Significantly Enhanced, APY Boosts Help Users Through a Warm Winter

Since the start of Q4, the crypto market has continued to weaken amid volatility. Major asset prices have pulled back from their highs, and market participants have become more cautious. As the market cools, HTX has focused its efforts on solidifying its trading fundamentals and offering diverse yield generation pathways. In October, HTX saw a significant overall improvement in the market depth of its core spot trading pairs, with the 0.05% depth for the BTC/USDT pair increasing by 78%. Meanwhile, the platform’s total count of stock trading assets grew to 307, with cumulative TradFi trading volume surpassing 7.5 billion USDT. At the end of October, HTX Earn launched the APY Boost Promotion as part of the HTX Winter Campaign, delivering stable yield options for users amid fluctuating market conditions. Overall Spot Depth Enhancement, Ensuring Smoother Execution for Large-Volume Trades In October, HTX continued to strengthen its collaboration with professional market makers, improving market-making support, order book depth, and the overall trading environment, which contributed to an overall improvement in the market depth of its core spot trading pairs. Taking BTC/USDT as an example, the pair’s 0.01% depth increased by 42% in October, while its 0.05% depth jumped by 78%. Deeper market depth ensures that orders of the same size have a smaller price impact, allowing large-volume trades to be executed closer to market price. For core assets like BTC, this means users can easily execute trades even during periods of severe market volatility. Centered around the two core assets of BTC and ETH, HTX also rolled out a series of trading rewards in October, including trading challenges, fee rebates, trading lucky draws, and iPhone Duo theme activities, with the flagship trading challenge attracting over 10,000 participants.

Key Takeaways

  1. Since the start of Q4, the crypto market has continued to weaken amid volatility.
  2. Major asset prices have pulled back from their highs, and market participants have become more cautious.
  3. As the market cools, HTX has focused its efforts on solidifying its trading fundamentals and offering diverse yield generation pathways.
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Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.

HTX Releases October Performance Report: Spot Liquidity Significantly Enhanced, APY Boosts Help Users Through a Warm Winter | IndiCrypto