Market share doesn’t move by accident.
It moves when capital, liquidity, and trader behavior shift at the same time.
According to CoinDesk data, HTX has recorded the largest year-to-date market share increase among major exchanges, up 2.06%, ranking first across all platforms included in the analysis.
The comparison is telling. Other exchanges posting gains trail behind:
Gate at +1.78%, KuCoin at +1.64%, followed by Bit2Me and Bullish.
Meanwhile, several well-known platforms saw net market share declines, with losses ranging from roughly -2% to nearly -5%.
This divergence matters. Market share growth at this scale typically reflects real trading migration, not short-term incentives. When paired with rising derivatives open interest and sustained capital inflows, the picture becomes clearer: users are allocating liquidity where depth, execution, and infrastructure are holding up under pressure.
In a competitive cycle where many exchanges are losing ground, HTX’s relative expansion signals structural strength rather than temporary momentum. The data aligns across volume behavior, positioning, and capital movement.
When metrics, capital flows, and user behavior point in the same direction, market share becomes a trend - not noise.
