HTX Exchange, under the leadership of Tron founder Justin Sun, has reached a historic milestone by ranking second in global spot trading.

HTX Secures Perfect Trust Score

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

One of the best cryptocurrency exchanges in terms of trustworthiness is HTX Global, formerly Huobi, according to research by CoinGecko.

Among the 219 cryptocurrency exchanges listed are renowned brands like Binance, OKEx, KuCoin, Coinbase, Kraken, Bitget, Bitfinex, and Upbit. Second place went to HTX, which had a trust score of 10 out of 10 and $2.7 billion in 24-hour trading volume.

This is a first for the exchange, according to Sun, founder of the Tron Network, per Coingape.

With over $13.1 billion in trading volume, Binance topped the charts, while HTX followed suit. Along with Binance U.S., OKX, Coinbase, Kraken, and Kucoin were other top-tier cryptocurrency exchanges. A trust score between nine and one tenth is assigned to each of the other exchanges on the list.

This victory adds to HTX's long list of accomplishments this year. May was the month that Sun noted that HTX Global's spot trading volume had soared to new heights, surpassing even Coinbase. In comparison to Coinbase's $1.5 billion in trading volume, HTX's $2.05 billion in spot trading volume in a single day was significantly higher.

Historic Achievement for HTX

It was the first time the exchange run by Justin Sun has ever beaten Coinbase. Top Crypto Exchanges Ranked by Trust Score is back for the second time on record, according to the current survey.

The launch of Ethereum ETFs occurred around the same time as HTX's new rating, which is indicative of a general trend in the cryptocurrency market. The spot Ethereum ETF didn't waste any time getting to market after receiving the green light from the SEC.

Significant trading volume of over $1 billion and net inflows of $107 million were recorded by the spot Ethereum ETFs on the first trading day.