Overview of Huobi (HTX)
Huobi, now rebranded as HTX, is a leading global cryptocurrency exchange founded in September 2013 by Leon Li. Originally headquartered in China, the platform has expanded its operations internationally, with offices in Hong Kong, South Korea, Japan, and the United States.
Key Details:
- Founded: September 2013
- Founders: Leon Li, Du Jun, Tony
- Headquarters: Seychelles
- Slogan: "Make financial more efficient and more freedom to wealth"
- Industry: Digital asset trading
👉 Explore HTX's trading platform
Evolution and Milestones
Early Growth (2013–2017)
- Launched Bitcoin/Litecoin trading in 2014.
- Secured investments from Sequoia Capital and ZhenFund.
- Expanded to Japan (2016) and South Korea (2017).
Global Expansion (2018–2022)
- Acquired a Gibraltar DLT license (2018).
- Listed on Hong Kong Stock Exchange via reverse merger (2018).
- Rebranded to "Huobi" (2022) and later to HTX (2023).
Recent Developments (2023)
- Focused on Southeast Asia, Europe, and Caribbean markets.
- Launched Huobi Venture ($100M fund for DeFi/NFT projects).
Services and Features
Trading Options
- Spot trading
- Futures and derivatives
- Staking and yield products
Security Measures
- Multi-signature wallets
- Cold storage for assets
- Two-factor authentication (2FA)
Controversies and Challenges
Operational Issues
- 2014: Accidental transfer of 920 BTC; resolved with user reimbursements.
- 2020: Server outages during market volatility led to user complaints.
Regulatory Adjustments
- Exited China in 2021 due to cryptocurrency bans.
- Pivoted to compliant markets like Gibraltar and Malaysia.
Recent Concerns
- 2023: Rebranding aimed at distancing from past reputational challenges.
FAQs
1. Is HTX safe for trading?
Yes, HTX employs industry-standard security protocols, including cold storage and 2FA. However, users should enable all available security features.
2. Why did Huobi rebrand to HTX?
The rebrand reflects a strategic shift toward global markets and distancing from its earlier Chinese operations.
3. What countries does HTX support?
HTX serves users worldwide, excluding prohibited jurisdictions like mainland China and the U.S. (for certain services).
4. How does HTX handle customer support?
Support is available 24/7 via ticket system and live chat, with response times under 24 hours.
5. What are HTX’s trading fees?
Fees start at 0.2% for spot trading, with discounts for high-volume traders and HTX token holders.
Conclusion
HTX (formerly Huobi) remains a resilient player in the crypto exchange landscape, adapting to regulatory shifts and market demands. While its journey has included technical and reputational hurdles, its focus on global expansion and innovation positions it for continued relevance.
For traders prioritizing security and diverse asset offerings, HTX is a platform worth considering.
### Keywords:
1. Huobi
2. HTX
3. Cryptocurrency exchange
4. Bitcoin trading
5. Leon Li
6. Digital assets
7. DeFi