Summary: Founded in 2013 by Leon Li as Huobi, HTX has consistently innovated to meet the evolving demands of the digital currency market, offering an array of services from diverse trading options to advanced DeFi integration. The cryptocurrency exchange’s commitment to security, regulatory compliance, and customer support, ensures a secure and user-centric trading environment.
What is HTX?
HTX, formerly known as Huobi, is a cryptocurrency exchange headquartered in the Seychelles. It was founded in 2013 in China by Leon Li, a Tsinghua University alumnus with a background as a computer engineer at Oracle. Initially, HTX made significant strides in the crypto exchange market, at one point handling about $1 billion in trades daily. The platform's growth trajectory was marked by several key developments, including angel investments from notable figures like Dai Zhikang and Zhen Fund and a $10 million venture capital investment from Sequoia Capital.
Huobi's rebranding to HTX in September 2023 signifies a strategic pivot aimed at embracing global expansion, especially after the Chinese government's 2017 ban on Bitcoin exchanges. HTX continues to innovate and expand its services worldwide, maintaining a strong presence in key markets like Hong Kong, South Korea, Japan, and the United States.
HTX Features
HTX, renowned as a pivotal platform in the cryptocurrency exchange domain, particularly after its transition from Huobi, presents a rich tapestry of features tailored to both novice enthusiasts and experienced traders in the digital currency space. With a staunch focus on impenetrable security protocols and adherence to international regulatory standards, it facilitates a broad spectrum of cryptocurrencies, fostering a vibrant and versatile trading ecosystem. Here's a nuanced exploration of the core offerings by HTX:
- Diverse Trading Options: HTX distinguishes itself with an eclectic mix of trading possibilities. The platform accommodates a multitude of tokens and pairings across varied markets, including spot, futures, and options trading.
- Copy Trading Services: The platform provides a copy trading service that allows users to mimic the trades of successful investors.
- Integration with DeFi and Web3: It seamlessly integrates with DeFi ecosystems and Web3 wallets, enabling users to effortlessly manage their decentralized portfolios and engage with leading decentralized applications, spanning finance and blockchain-based gaming.
- NFT Marketplace: Delving into the dynamic realm of NFTs, HTX enables the creation, purchase, and sale of NFTs, tapping into the growing fascination with digital collectibles and artwork.
- Staking Services: HTX offers avenues for asset growth through staking, yield farming, dual investment, shark fin and other innovative earning mechanisms within the platform.
- Advanced Analytical Tools: For the technically inclined, HTX's integration with sophisticated analytical platforms enriches the trading experience with advanced charting capabilities and strategic insights, reaffirming HTX's commitment to providing top-tier trading tools.
- Global Reach with Considerations: HTX caters to a global audience, though it's noteworthy that access might be restricted in certain regions due to regulatory constraints.
- Institutional-Grade Services: Catering to the needs of institutional clients, HTX offers a comprehensive array of services, including over-the-counter (OTC) trading, high-performance API connections, and efficient capital management solutions, underlining its versatility and scalability in the crypto exchange sphere.
Is HTX Regulated?
HTX adheres to regulatory standards across various regions to offer compliant trading solutions. The exchange is recognized under the regulatory frameworks of multiple jurisdictions, ensuring a secure and compliant trading environment for its global user base. HTX is dedicated to maintaining high compliance standards, including rigorous KYC and AML processes, aligning with international guidelines to safeguard its platform and users.
The exchange operates within a regulated framework in each market it serves, taking proactive measures to ensure the safety and compliance of its trading services. The platform employs robust security measures and user verification processes to protect against unauthorized activities. For detailed insights into their security practices, HTX encourages users to visit their dedicated security information section.
Supported Countries
HTX, known for its origins as Huobi, extends its services across over 180 regions, illustrating its commitment to offering a wide-reaching and inclusive platform for global users. Based in Seychelles, it has successfully established a significant presence in various international markets, except in certain areas due to regulatory limitations. In the regions it operates, HTX customizes its services to meet local requirements and regulatory standards, aiming to deliver a secure and user-friendly trading experience.
Fees Schedule
When it comes to fees, HTX has some of the lowest available. For spot trading, the fees begin at 0.2% and get as low as 0.07% the higher your monthly trading volume is. As for derivatives, the maker/taker rebate is 0.02%/0.05% and can get as low as 0.001%. When it comes to deposits and withdrawals, it is free to deposit but withdrawals are subject to gas (network transaction) fees. To see a full breakdown of the costs, we recommend visiting HTX’s fee schedule.
Customer Support
HTX offers 24/7 support via its live chat feature, online ticketing system, and email. The platform also has an extensive library of help and educational articles and tutorials on its HTX Learn platform. Additionally, the exchange has many online communities you can join for support, competitions, events, and updates, including Telegram, Twitter, Facebook, Instagram, TikTok, YouTube, Discord, and Medium.
Mobile App
HTX's mobile application is accessible on both Android and iOS devices, ensuring a wide reach. On the Apple App Store, the application is available for iPhone and iPad users, boasting a high rating of 4.4 stars from over 15,000 reviews, reflecting user satisfaction. The app mirrors the web platform's user interface and functionalities, allowing users to engage in trading, staking, and portfolio management seamlessly on the move, ensuring a consistent and intuitive user experience across devices.
Final Thoughts
To conclude, HTX, which evolved from Huobi, epitomizes a blend of innovation, security, and global outreach in the cryptocurrency exchange arena. Since its inception in 2013, HTX has continuously adapted and expanded, marking its presence strongly in the global market despite regulatory challenges in certain regions. With its comprehensive suite of services tailored for both individual and institutional investors, it stands as a testament to the dynamic and evolving nature of the digital currency ecosystem.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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