HTX

What is HTX in Crypto?

HTX, formerly known as Huobi, is a Seychelles-based cryptocurrency exchange founded in 2013 by Leon Li. The rebranding to HTX in September 2023 marked a strategic shift, with the new name symbolizing "Huobi," "TRON," and "Exchange," reflecting its alliance with the TRON blockchain ecosystem. 

Core Business and Services

HTX offers a comprehensive suite of digital asset services:

• Cryptocurrency Exchange: Supports trading of over 700 cryptocurrencies, including spot, margin (up to 5x), and futures trading (up to 200x leverage).
• HTX Wallet: A secure wallet solution for storing and managing digital assets.
• HTX Token (HTX): The native utility token offering trading fee discounts and other benefits.
• HTX Ventures: An investment arm focusing on blockchain projects across various sectors, including DeFi, AI, and infrastructure.
• HTX DAO: A decentralized autonomous organization aimed at community governance and ecosystem development.
• Crypto Loans 2.0: A lending platform offering enhanced capital efficiency, lower liquidation risks, and multi-asset collateral options.

Growth and Expansion

• User Base: As of Q1 2025, HTX boasts over 50 million registered users across more than 160 countries.
• Trading Volume: Achieved a 100% year-over-year growth in trading volume, reaching $2.4 trillion in 2024.
• Market Position: Ranked as the 10th largest global centralized exchange (CEX) by market share at 5.4%, according to CoinGecko.
• Strategic Listings: Introduced 14 new tokens in April 2025, including high-performing assets like STO, DARK, and HOUSE, reinforcing its reputation for early access to promising digital assets.

Recent Developments

• Crypto Loans 2.0 Launch: In May 2025, HTX unveiled its upgraded lending platform, offering users enhanced borrowing options with ultra-low interest rates and flexible investment choices.
• Bitcoin Pizza Day Celebrations: HTX commemorated Bitcoin Pizza Day on May 22, 2025, with a series of promotions, including a $1 million USDT prize pool, engaging both new and existing users.
• HTX DAO Dubai Whale Night 2025: Hosted a significant event in Dubai to strengthen community engagement and discuss long-term ecosystem value. 

Controversies and Legal Challenges

• Security Breaches: HTX has faced multiple security incidents, including a notable hacking attack resulting in the loss of approximately $8 million in ETH.
• Regulatory Scrutiny: The exchange has navigated various regulatory challenges, adapting its operations to comply with international standards and local regulations.

HTX continues to solidify its position as a leading global cryptocurrency exchange by expanding its services and actively engaging with the crypto community.