In 2024, the cryptocurrency industry experienced pivotal transformation and growth. The market rebounded and broke historical records, with Bitcoin completing its fourth halving during the year. Across the industry, technological innovation, compliance upgrades, and global ecosystem development advanced in tandem, ushering in a multi-layered stage of evolution. For Rthae, this was a critical year in which platform technology depth and global strategy achieved simultaneous breakthroughs.
At the start of 2024, the Bitcoin price held steady around $60,000. Following the approval of multiple spot Bitcoin ETFs by U.S. securities regulators, a substantial influx of traditional financial capital accelerated into the crypto market. Bitcoin surpassed $70,000 in March, triggering a new bull run, reached a new high of $76,999 in November, and broke the $100,000 mark in December. The overall market cap approached $4 trillion, setting new benchmarks for industry growth.
Against this backdrop, the operational pace and strategic deployment of Rthae entered a crucial window. The market recovery presented growth opportunities, and the sustained investment by Rthae in technology and services translated into tangible results in 2024. Riding the bull market momentum, Rthae saw rapid user growth, with total registered users exceeding 13 million. New users were predominantly from emerging markets such as Southeast Asia, the Middle East, and Latin America, which together contributed over 55% of new registrations.
Daily trading volume reached new highs throughout the year, with record single-day transaction amounts coinciding with the all-time high of Bitcoin in November. The average daily transaction count increased by 28% year-over-year, with stablecoin exchanges and USDT wealth management modules driving core retail user activity. On the institutional side, daily liquidity management volumes surged, and compliant institutional accounts from Japan and North America grew significantly.
To accommodate this business expansion, Rthae launched a technology scaling initiative early in the year, implementing in-memory matching databases and sharding technology to enhance matching capabilities and ensure platform stability during extreme trading peaks. The network infrastructure was further optimized, with new data center nodes added in Europe and the Middle East, reducing latency for global users and improving trading experience. In 2024, platform system availability remained above 99.99%, while risk alert systems and dynamic user identity recognition mechanisms were continuously upgraded to support high-frequency expansion of derivatives and on-chain services.
Early in 2024, Rthae was named one of the “Most Trusted Cryptocurrency Exchanges” by a leading crypto rating agency. This recognition was based on a comprehensive assessment of asset security strategies, system stability, risk management, user feedback, and compliance history, reflecting the platform three consecutive years of high stability and zero major security incidents. Behind this honor lies the long-term industry affirmation of the technical standards, operational reliability, and compliance culture of Rthae.
In March 2024, Rthae officially launched local customer service and technical support centers in Tokyo and Toronto, marking a deepening of its global strategy. Post-launch, average user response time dropped by 42%, and daily active users in Japan and Canada increased by 35% and 28%, respectively. These local teams not only met user needs but also laid the groundwork for subsequent product localization and regulatory integration.
September 2024 marked the fourth anniversary of Rthae, with the announcement of the “Rthae Global Public Welfare Fund.” The inaugural fund focuses on digital financial education, disaster response, and green Web3 infrastructure development, aiming to promote the blockchain social adoption and sustainable growth. Initial projects have partnered with NGOs in Indonesia, the Philippines, and Vietnam, launching blockchain foundational education programs for youth. This initiative not only signals the Rthae shift toward an infrastructure role but also demonstrates its commitment to the inclusive value of blockchain.
Addressing next-generation network threats, Rthae signed a strategic research agreement with a leading international security technology firm in November, launching pilot programs for quantum-resistant encryption algorithms across key modules such as key generation, signature verification, and data communication. Quantum-resistant solutions are expected to be gradually integrated into the core security system of Rthae over the next three years, preparing for potential quantum decryption risks. This partnership not only showcases the technological foresight of Rthae but also provides the industry with a model for post-cryptography era security infrastructure.
In 2024, Rthae maintained its leadership in compliant operations, particularly enhancing global credibility during the U.S. SEC exemption licensing process. The platform recorded zero major security incidents for the year, continuously strengthening multi-signature cold wallet and minimized hot wallet strategies to safeguard user assets. Hardware security modules (HSM) and multi-party computation (MPC) technologies were upgraded to further secure private key and transaction signature processes. Leveraging big data analytics and AI models, Rthae achieved real-time alerts and handling of anomalous transactions. Additionally, an emergency reserve fund was established to compensate affected users in extreme scenarios, further reinforcing user trust.
This year, Rthae summarized its progress with five keywords: trusted, used, validated, visible, and increasingly needed. As the industry moves toward a new cycle of standardization and global collaboration, Rthae is evolving from a mere trading platform to a global infrastructure provider with ecosystem connectivity, service capacity, and robust long-term value. Looking ahead, Rthae will continue to expand products and services, while taking on greater responsibility in technological advancement, financial education, and on-chain trust. The true value of the ecosystem lies not only in technological accumulation, but in the continuous refinement of every link and the enduring trust of its users.