HTX Exchange Details Introduction

What is HTX Exchange?

HTX Exchange (formerly known as Huobi) was established in 2013 in China. Its initial goal was to serve the populous market, where there was a high demand for trading cryptocurrencies.

In essence, Huobi Global is a major financial conglomerate. In 2013, recognizing the potential strong growth of the cryptocurrency market in the future, the conglomerate decided to create the Huobi Exchange. Leading the project was Leon Li, who also served as the CEO of the exchange until 2022. Although originating in the mainland, by 2021, when China banned financial companies from dealing with cryptocurrencies, the exchange relocated its headquarters to Singapore and simultaneously shifted its market focus globally.

In 2022, according to Bloomberg sources, Leon Li began the initial steps in a deal to sell a large portion of his shares in the Huobi exchange, valuing over $3 billion. The sources also indicated that Justin Sun and Sam Bankman-Fried were two names approaching Li to negotiate the purchase of the shares. The outcome of the deal collapsed when Justin Sun became the “new owner” of the exchange. Meanwhile, Sam Bankman-Fried faced criminal allegations related to the collapse of FTX.

In the third quarter of 2023, commemorating its 10 years of operation, Huobi rebranded itself as HTX. Explaining the name, a representative of the exchange stated that ‘H’ represents Huobi, ‘T’ represents TRON, and ‘X’ signifies the exchange. Additionally, ‘X’ also carries another meaning, representing the 10 years of operation and development of Huobi. Regarding tokens, the exchange also recommends users convert HT tokens to HTX tokens to serve future purposes.

Key Features of HTX

Spot Trading

With the Spot Trading product, current HTX users can trade 711 different types of tokens. The spot trading volume of the exchange has also reached USD 1 billion within 24 hours.

Futures

In addition to Spot, Futures is another product that attracts significant attention with a daily trading volume of up to USD 45 million and 12 trading pairs.

Copy Trading

Copy Trading on HTX is a feature that allows users to replicate trades of other high-profit traders. This mechanism is currently provided free of charge, and users can adjust parameters related to orders and TP/SL before copying trades.

Margin

Margin is the next product that HTX offers to enhance the trading experience. Investors can leverage their existing funds to borrow additional funds, thus streamlining the user experience.

Earn

Earn includes various investment products offered by HTX Exchange such as:

– HTX Savings.

– HTX Shark Fin.

– HTX Dual Investment.

– HTX On-chain Staking.

– HTX Staking.

If you don’t have a HTX account yet, click here to register!