HTX was named "P2P Platform of the Year" at the Blockchain Forum 2026, highlighting its growth and innovation in the cryptocurrency market.
HTX, a cryptocurrency exchange, has earned the title of "P2P Platform of the Year" at the Blockchain Forum 2026, held from April 14-15 in Moscow, which attracted over 20,000 attendees.
Wendy Wang, who leads HTX's operations in the CIS region, took part in a panel discussion focusing on global expansion strategies in differing markets. She emphasized that the crypto industry is transitioning from a global to a regional focus, with emerging markets, especially within the CIS, poised to drive future growth.
"In the CIS, cryptocurrency serves not only as an investment but also as a vital tool for cross-border transactions and preserving value, showing significant demand," Wang stated.
Wang also noted the evolution of exchanges beyond mere trading platforms, indicating a shift towards Web3 finance that incorporates asset management, yield generation, and community governance. She suggested that platforms prioritizing localization and ease of access for fiat transactions will have a competitive advantage.
In 2025, HTX reported a 20% increase in net commission income from the CIS and a remarkable 94% rise in net capital inflow, totaling $240 million, with 670,000 new users joining from the region.
Regulatory Changes in the Russian Market
Tigran Akhunc, head of the P2P division for HTX in the CIS, addressed regulatory developments affecting cryptocurrency exchanges during a discussion on the Russian market. He highlighted the government's requirement for exchanges to convert cryptocurrency to rubles via entities registered with the Central Bank.
Akhunc pointed out that the era of unregulated P2P growth is concluding, leading to a demand for more structured and compliant frameworks. He mentioned that HTX is adapting its strategies to align with these new regulations.
"While market entry may become more challenging, these changes will create a more secure trading environment and reduce the risks of account freezes," Akhunc noted.
HTX has also decided to maintain zero fees for P2P makers on ruble transactions, even as competitors introduce their own fees.
