The Origins and Development of HTX (formerly HTX)
HTX, formerly known as HTX (Huobi), was founded in China in September 2013 by Li Lin and was initially one of the country’s leading digital asset trading platforms.However, as the Chinese government tightened its regulatory policies on cryptocurrency trading in 2017, HTX suspended withdrawal services from Bitcoin in mainland China and began shifting its operational focus entirely to the international market. During this process, its headquarters were also relocated to places such as the Seychelles to accommodate the needs of its global expansion.
In the years that followed, HTX underwent several rebranding initiatives.In November 2022, its Chinese brand name was changed to “Huobi,” while its English name remained “Huobi.” By September 2023, the platform announced another rebranding, officially adopting “HTX” as its global brand name to further enhance its international influence.
Global Operations and Service Coverage
As a global digital asset trading platform, HTX currently claims to provide services in over 160 countries and regions worldwide. As of this writing, HTX claims to have over 20 million global users, with some data even citing a figure exceeding 40 million.The platform supports spot and derivatives trading for more than 700 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tether (USDT).
Regarding its ownership structure, in October 2022, About Capital Management acquired the shares held by Li Lin, founder of HTX. Subsequently, Justin Sun, founder of TRON and TRON, joined the platform as a member of the advisory board, forming the core team alongside Ted Chen, founder of About Capital Management, and Du Jun, co-founder of HTX.
Overview of Cryptocurrency Trading Apps
For users looking to trade cryptocurrencies, the official apps provided by trading platforms are one of the primary avenues. HTX also offers its official cryptocurrency trading app, which is typically available for download on iOS (via the App Store) and Android (via Google Play or other official channels).
Mainstream cryptocurrency trading apps typically feature the following core functions:
- Multi-currency Trading: Supports trading of multiple cryptocurrencies, including spot, futures, and leveraged trading.
- Real-Time Market Data: Provides real-time market data, candlestick charts, and order book depth charts to help users analyze market trends.
- Asset Management: Allows users to view and manage their crypto assets on the platform, including operations such as deposits and withdrawals.
- Security Measures: Implements multiple security measures, such as cold wallet storage, multi-signature authentication, and two-factor authentication (2FA), to protect user assets. HTX claims to have maintained a zero-security-incident record for consecutive years since its founding in 2013.
- Fiat Deposits and Withdrawals: Supports various payment methods, including debit and credit cards, allowing users to purchase cryptocurrencies using dozens of fiat currencies such as the U.S. dollar and the euro.
Important Note: When downloading and using any cryptocurrency trading app, be sure to do so through the official website or a legitimate app store to guard against fraud and malware. Additionally, please note that some countries and regions may impose strict regulatory restrictions on cryptocurrency trading or even prohibit such activities.For example, HTX’s services are unavailable in certain regions, including mainland China, the United States, Hong Kong, Singapore, and all European Union member states; users must strictly comply with local laws and regulations.
