HTX Exchange and Xapo Bank Report Remarkable Growth in Crypto Sector

HTX Exchange reported a 210% increase in net crypto deposits and a 116% rise in new users in Q1 2025, despite a bear market. A successful Launchpool program attracted 178,000 users. Xapo Bank also noted a strong performance, with a 14.2% rise in Bitcoin trading and significant EUR and USDC deposits, signalling confidence in Bitcoin’s long-term value.

HTX Exchange has exhibited remarkable resilience during the ongoing bear market, posting an unprecedented 210% increase in net crypto deposits in Q1 2025 compared to the previous quarter. This increase is attributed to the exchange’s initiatives to enhance user engagement and platform utility, as reflected in its Q1 report. A notable 116% rise in new users further highlights HTX’s growing popularity despite challenging market conditions.

March 2025 was particularly successful for HTX, achieving a 127% spike in natural traffic compared to February. This surge coincided with increased search volume and backlinks, largely credited to Justin Sun, HTX’s Global Advisor, who gained visibility by featuring on Forbes’ cover. Recognised as a prominent leader in the crypto industry, Sun’s influence is seen as pivotal for the exchange’s recent successes.

HTX’s growth is significantly driven by its integration of new tokens, especially in the AI sector, such as VIRTUAL, AVAAI, LUNA, and the memecoin TRUMP. DeFi tokens like GRIFFAIN and GRIFT have almost doubled in value, while Layer 2 tokens, including LAYER (+153%), XION (+116%), and KAITO (+99%), have demonstrated outstanding market performance.

The success of HTX is exemplified by its Launchpool program, attracting an impressive 178,000 users and enhancing its market stature. Sun’s public endorsement of HTX began in February 2024 with a social media post showcasing his HTX wallet holding $1.6 billion in Bitcoin (BTC), further boosting user confidence.

However, HTX faced challenges, including a significant hack in September 2023, resulting in the loss of 5,000 ETH, worth approximately $8 million. Justin Sun ensured users that the exchange had rectified the losses and operations resumed smoothly, also offering a $400,000 reward for the hacker if the funds were returned.

In comparison, Xapo Bank reported a 14.2% rise in Bitcoin trading volumes for Q1 2025, showing robust user confidence amid global uncertainties. The bank’s Digital Wealth Report highlighted strong deposits in EUR (up 50%) and USDC (up 19.8%), while USDT deposits declined by 13.4%, following Tether’s stablecoin withdrawal from exchanges.

Despite Bitcoin’s price dipping below $100,000 in February, Xapo Bank members increased their BTC purchase orders to 50.7%, up from 41% in the previous quarter, indicating a strong buying activity that persisted through March 2025.

Gadi Chait, Xapo Bank’s Chief Investment Officer, reaffirmed Bitcoin’s significance amidst market volatility, asserting the bank’s commitment as a Bitcoin-first institution. Founded in 2013, Xapo Bank integrates digital assets into the conventional financial system, with licensing norms being transferred to the UK, enhancing accessibility across Europe.

In summary, HTX Exchange and Xapo Bank are establishing a growing trend in cryptocurrency demand despite economic turmoil. Their innovative strategies and leadership position these platforms for sustained growth within the digital asset ecosystem.