HTX (formerly Huobi Global, rebranded to HTX in 2023) is one of the oldest cryptocurrency exchanges, founded in Beijing in 2013 and once the dominant exchange in the Chinese market. After China banned crypto trading in 2021, Huobi relocated operations offshore and eventually rebranded as HTX after founder Leon Li sold the majority stake to About Capital, with Justin Sun (TRON founder) becoming a key strategic advisor. HTX offers spot trading, futures, options, OTC, and the HTX Eco Chain (a BNB Chain-compatible Layer 1). The HT (Huobi Token) was the native token; post-rebrand, HTX integrates deeply with the TRON ecosystem. HTX maintains a strong presence among Asian traders who established accounts during Huobi prime years (2017-2021) and have remained loyal to the familiar platform. The exchange has faced significant outflows and reduced market share since the 2021 China ban and subsequent rebranding, but remains in the global top 10 by volume. HTX conducts proof-of-reserves verification. The exchange Launchpad has hosted numerous project launches targeting the Asian crypto investment community.
Example: Example: A Chinese crypto trader who used Huobi extensively before the 2021 ban maintains their HTX account (now operated offshore). They trade USDT-paired perpetuals and access new token launches on HTX Launchpad, maintaining their established trading workflow with the familiar interface despite the exchange regulatory challenges, China exit, and rebranding from Huobi to HTX.
Learn more: HTX Exchange
