HTX Maintains 100% Reserve Ratio Amid 150% USDT Surge, Gains 2.06% Market Share in 2025

HTX, the world-leading digital asset exchange, has announced its 2025 Proof of Reserves (PoR) Annual Report, reaffirming its commitment to financial transparency and user asset security. The report, released on December 24, 2025, highlights that HTX has maintained a 100% reserve ratio for all core assets for 38 consecutive months. All historical data is fully verifiable on-chain via Merkle Tree audits, reinforcing the platform's reputation for accountability.

The 2025 data also reflects a year of explosive growth, particularly in USDT holdings. User USDT holdings surged from approximately 695 million in January to 1.765 billion by December, marking a 150% increase. This surge underscores the platform's growing role as a hub for liquidity and user confidence in its stability.

Dominant market performance further distinguished HTX in 2025. The exchange outperformed the broader market in terms of adoption, with market share growing by 2.06% through November 2025. This growth positioned HTX as the top-performing major centralized exchange (CEX) in market share expansion, according to research from CoinDesk.

Why the Growth Matters

The significant increase in USDT deposits highlights HTX's ability to attract and retain user capital amid a volatile crypto market. The platform's expansion of PoR reporting to include high-demand assets like WLFI and USDC in 2025 further enhances transparency and liquidity visibility. These measures are critical for building trust in an industry where transparency has been a long-standing concern.

HTX's "100% Redemption" guarantee ensures that all user assets are available for withdrawal at any time. By providing a verifiable and audited environment, the exchange sets a benchmark for security and transparency in the digital asset industry. This approach aligns with HTX's long-term vision of fostering a secure and reliable ecosystem for global users.

What This Means for Investors

For investors, the report offers reassurance that HTX continues to operate under strict financial discipline. The ability to verify reserves on-chain provides an additional layer of security that can mitigate risks associated with asset mismanagement or theft. HTX's 38-month track record of consistent PoR disclosures is seen as a strong signal of its operational integrity.

Moreover, HTX's strategic focus on global expansion and ecosystem development positions it as a key player in the Web3 space. Founded in 2013, HTX has evolved from a virtual asset exchange to a comprehensive blockchain ecosystem that includes trading, derivatives, research, and incubation. This diversification strengthens its ability to weather market fluctuations and maintain long-term user trust.

The report also highlights HTX's commitment to transparency as a core value. By allowing users to verify reserves at any time via the PoR page on its official site, HTX emphasizes its dedication to a trustless system where users can independently validate the security of their assets. This approach may encourage more institutional and retail investors to consider HTX as a preferred platform for digital asset transactions.

Risks to the Outlook

Despite the positive developments, the crypto market remains subject to regulatory uncertainties and macroeconomic shifts. For instance, delays in the U.S. Clarity Act have already led to significant outflows from crypto investment products, including ETPs, with Ether and Bitcoin funds seeing the largest declines. These outflows could indirectly affect platforms like HTX if broader sentiment in the market continues to sour.

Additionally, the recent thinning of liquidity in crypto markets has raised concerns among traders. QCP Capital's report noted a significant drop in BTC perpetual open interest across major exchanges, suggesting that traders are closing positions ahead of the holidays. While this does not directly impact HTX's financials, it reflects a broader trend of risk aversion that could influence user behavior.

HTX, however, appears to be insulated from some of these market-wide risks due to its strong asset backing and steady user growth. The platform's ability to maintain a 100% reserve ratio amid rising USDT deposits demonstrates a robust balance sheet that can support continued expansion and investor confidence.

Conclusion

HTX's 2025 Proof of Reserves Annual Report reaffirms its leadership in the digital asset space and its commitment to transparency and user asset security. The explosive growth in USDT holdings and expanded PoR reporting reflect a platform that is not only adapting to market demands but also setting new standards for the industry. As the crypto market navigates regulatory and economic challenges, HTX's consistent financial practices and global expansion strategy position it as a trusted partner for users seeking secure and reliable digital asset services.