About HTX
Brief Description
Initially, the platform was known as Huobi; in September 2023 it was rebranded to HTX. This crypto exchange operates in over 100 countries and attracts traders with profitable financial products, processing a volume of trading of over $4 billion daily.
As a robust and versatile service, HTX stands out by integrating diverse tools for efficient and profitable trading. Catering to a broad spectrum of users, from beginners to seasoned traders, HTX provides all the necessary resources to facilitate successful trading in the dynamic digital landscape. This commitment to inclusivity positions HTX as a comprehensive solution for crypto enthusiasts worldwide.
History
Huobi, a world-famous cryptocurrency exchange, was founded in 2013 in China by Leon Li. Its inception came at a time when the digital currency market was still in its early stage of development, and it quickly grew to one of the largest and most trusted exchanges in the world. Initially focused on the Chinese market, Huobi expanded its services globally following China's increased regulation of crypto exchanges. It established offices in various countries and regions to comply with local regulations while offering a wide range of digital assets for trading. Known for its robust security measures, user-friendly platform, and diverse range of trading pairs, Huobi has played a central role in the development and growth of the global cryptocurrency market, contributing to its accessibility and popularity among retail and institutional investors.
Tools
The HTX ecosystem stands as a versatile platform, featuring an array of convenient instruments to meet the requirements of different users. These encompass spot and margin trading, futures, loans, staking, and a host of other financial products. In addition, the exchange facilitates Over-the-Counter (OTC) trading for traders seeking personalized and off-market transactions.
Recognizing the varying needs of its user base, HTX goes beyond the basics, providing sophisticated tools for advanced traders. The commitment to ensuring a broad spectrum of features and services positions HTX as a holistic exchange, accommodating both beginner and advanced users.
Assets Supported
HTX allows for ICOs on its platform, so there is a rich variety of digital assets, including new and promising projects. In total, there are over 500 assets and 300 pairs. To safeguard clients' assets, the exchange implements insurance coverage, as well as round-the-clock client support through multiple communication channels. So users may address managers on any issues. Pairs with fiat currencies are also available on HTX. It makes it convenient for customers to make deposits and convert their local currencies to crypto.
Creators
Leon Li, HTX's founder and CEO, was a pioneer in the crypto space. After completing his studies at Tsinghua University and working at Oracle, he established HTX in 2013 in Beijing. HTX, headquartered in the Seychelles, extends its presence in Hong Kong, the USA, Japan, and South Korea.
Are There Any Restrictions in Access?
There are some geographical restrictions, spreading to China, the USA, Canada, Japan, Cuba, and other countries. Operation with derivatives is prohibited in several regions, including mainland China, Hong Kong, Israel, and others. However, the company still plans to return to the US market.
Fees
The fee structure multi-tiered. The commission is calculated based on user volume of trading. The basic fee of 0.2% for makers and takers decreases as trading volume grows. Huobi Token (HT) holders enjoy discounts and reduced transaction costs. Generally, commissions start at 0.0362% for makers and 0.0462% for takers.
Is Margin Available?
Users have access to margin trading. They may take leverage of up to 3X for cross-margin, along with futures trading for BTC and ETH contracts featuring up to 200X leverage. It provides traders with flexible options to enhance the potential return on their investments.
HTX stands out as a prominent global cryptocurrency exchange, providing diverse financial services to users spanning over 100 countries with some exceptions. Offering tiered commissions and the ability for margin trading, HTX facilitates the implementation of flexible trading strategies. Despite facing geographical limitations in certain regions, the company is strategically planning to broaden its geographical reach and enter the US market again, showcasing its adaptability to the evolving global digital asset landscape.
Founder and CEO HTX