HTX Exchange — Know Your Platform
HTX (formerly Huobi Global) is a long-standing cryptocurrency exchange that has evolved through a rebrand and global expansion strategy. This guide breaks down what HTX offers, its history, services, security practices and what you should consider as a user.
What is HTX?
Founded in 2013 under the name Huobi, the exchange rebranded to HTX in September 2023 to mark its 10th anniversary, global ambitions and a renewed strategy. :contentReference[oaicite:2]{index=2}
HTX serves users in many jurisdictions, offering spot trading, derivatives, wealth management, staking and ecosystem services. :contentReference[oaicite:3]{index=3}
Key Features & Services
- A large selection of cryptocurrencies and trading pairs (spot, futures, margin) for active traders. :contentReference[oaicite:4]{index=4}
- Wealth-management style products: staking, loans, flexible earn programs. :contentReference[oaicite:5]{index=5}
- Global expansion focus: HTX emphasizes markets in Asia, Europe and beyond. :contentReference[oaicite:6]{index=6}
Rebranding: Huobi → HTX
The name change from Huobi to HTX was announced in September 2023. According to the firm: “H” stands for Huobi, “T” for TRON (reflecting an ecosystem focus), and “X” stands for the exchange or a new era. :contentReference[oaicite:7]{index=7}
The rebrand underscores a shift toward ecosystem integration, innovation and global compliance. :contentReference[oaicite:8]{index=8}
Security & Transparency
HTX has made efforts to strengthen security and transparency. It publishes periodic proof-of-reserves data via Merkle tree disclosure and emphasises cold storage for most user assets. :contentReference[oaicite:9]{index=9}
That said, the platform has experienced security incidents in the past—users should remain aware and apply personal security practices. :contentReference[oaicite:10]{index=10}
User Considerations & Risks
When using HTX (or any exchange), you must understand the custodial nature of funds: the exchange holds private keys on behalf of users. While convenient for trading, this means you do not have self-custody of your crypto. You should evaluate:
- Regulatory status in your jurisdiction
- Exchange’s transparency and reserve coverage
- Your personal security practices: 2FA, withdrawal whitelists, strong passwords
Frequently Asked Questions
Q1: Is HTX safe to use?
HTX invests in security and transparency, but like all centralized exchanges, risk remains. Always enable two-factor authentication, use withdrawal whitelists, and consider moving long-term holdings to self-custody.
Q2: How does HTX compare to other exchanges?
HTX offers a broad range of services and global reach. However, you should compare fee structure, regulatory compliance and reputation with other platforms.
Q3: What happened during the rebrand?
The platform formerly known as Huobi adopted the new name HTX in 2023 to signal a new era and ecosystem focus. :contentReference[oaicite:11]{index=11}
Q4: Should I store all my crypto on HTX?
Storing trading funds on an exchange is common. But for long-term holdings, self-custody in a hardware wallet gives you exclusive control. Exchanges carry custodial risk.
Disclaimer
This guide is for educational purposes only and does not constitute financial or investment advice. Cryptocurrencies and exchanges like HTX carry risks, including regulatory changes, security incidents and custodial risk. Always conduct your own research and consult professionals where appropriate.