Huobi rebrands to HTX, the ‘Huobi Tron Exchange’ in celebration of tenth anniversary

cryptoslatePublished on 2023-09-13Last updated on 2023-09-14

Abstract

HTX saw its spot market share jump to 6.3% last month.

Crypto exchange Huobi rebranded to HTX to celebrate its tenth anniversary, according to a Sept. 13 statement from the platform.

Part of the statement reads:

“‘H’ stands for Huobi, ‘T’ represents TRON with a commitment to being all in TRON, and ‘X’ stands for the exchange. Looking at HTX through the combination of HT and X, HT represents the native token of the platform while X symbolizes the exchange. Hence, HTX is an exchange with its native token of HT…There is also a brand new slogan – ‘HTX, Just Trade It.'”

The exchange’s official English-language X (formerly Twitter) account has undergone the name change, with several of its products now reflecting this updated name.

HTX added that its “new mission is to build a metaverse free port with a vision to achieve financial freedom for 8 billion people on earth.”

Meanwhile, some market observers have pointed out similarities between Huobi’s new name and the now-defunct FTX crypto exchange. Additionally, some have drawn comparisons to the placeholder name previously used by the crypto claims trading platform OPNX, “GTX.”

Last month, HTX saw its spot market share jump to its highest point since October 2021 after its trading volume surged by 46.5% to $28.9 billion. The increase is more notable, considering the platform faced scrutiny about its stablecoin reserves and denied any reports that its executives were arrested in China.

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Welcome to HTX.com! We've made purchasing TRON (TRX) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy TRON (TRX) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your TRON (TRX)After purchasing your TRON (TRX), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade TRON (TRX)Easily trade TRON (TRX) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

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