HTX Exchange: A Comprehensive Review of the Cryptocurrency Platform

HTX, formerly known as Huobi, is a well-established cryptocurrency exchange that has cemented its place among the leaders in the digital asset trading industry. With its broad range of services, global reach, and focus on innovation, HTX caters to millions of crypto enthusiasts worldwide. This article explores its history, features, and why it continues to attract users globally.

History of Creation

HTX was launched in 2013 by Leon Li, a former Oracle engineer, under the name Huobi. The platform was created to provide a secure and professional environment for Bitcoin trading during the early stages of cryptocurrency adoption in Asia. Over the years, HTX has grown significantly, achieving major milestones:

  • 2013: Launch in China and rapid growth in user base.
  • 2017: Expansion into international markets following regulatory restrictions in China.
  • 2022: Acquisition by About Capital and a strategic rebranding to HTX.
  • 2023: Focus on becoming a leader in Web3 and DeFi services.

Main Characteristics

HTX is distinguished by several core features:

  • Comprehensive Platform: Supports spot, futures, and margin trading.
  • User-Friendly Design: Offers a seamless experience for both beginners and experienced traders.
  • High Liquidity: Ensures fast order execution with minimal slippage.
  • Diverse Services: Includes staking, crypto loans, and NFT trading.
  • Robust Security: Utilizes cold wallets and multi-signature protocols to protect user assets.

Exchange Rating

HTX consistently ranks in the top 10 cryptocurrency exchanges by trading volume. It is highly regarded for its liquidity, security, and wide range of supported assets.

Number of Coins

HTX supports over 1,000 cryptocurrencies, offering a mix of major coins like Bitcoin (BTC) and Ethereum (ETH), along with emerging altcoins and stablecoins.

Depositing and Withdrawing Money

  • Deposit Methods:
    • Crypto deposits are free.
    • Fiat deposits are available through third-party payment providers.
  • Withdrawal Fees:
    • Crypto: Varies by asset, depending on network fees.
    • Fiat: Depends on the payment provider and currency.
  • Processing Times:
    • Crypto withdrawals: Typically within minutes.
    • Fiat transactions: 1–3 business days.

Popular Currency Pairs

The platform hosts a variety of popular trading pairs, including:

  • BTC/USDT
  • ETH/USDT
  • HT/USDT
  • XRP/USDT
  • SOL/USDT

Advantages and Disadvantages

Advantages:

  • Extensive range of supported assets.
  • Competitive trading fees, especially for HT token holders.
  • Advanced trading tools and charting features.
  • High liquidity ensures fast transactions.

Disadvantages:

  • Limited availability in some regions due to regulatory restrictions.
  • Complex features may not be beginner-friendly.

Registration Process

To register on HTX:

  1. Visit the website or download the app.
  2. Enter an email or phone number and create a password.
  3. Complete KYC verification by uploading an ID.
  4. Enable two-factor authentication (2FA) for added security.

Active Users

HTX has over 10 million active users globally, with significant growth due to its focus on emerging markets and innovative offerings.

Mobile Applications

HTX offers a highly-rated mobile app for iOS and Android:

  • Features:
    • Spot and futures trading.
    • Portfolio management.
    • Real-time price alerts.
  • Ratings:
    • App Store: 4.7/5.
    • Google Play: 4.5/5.

Customer Support

HTX provides 24/7 customer support through:

  • Live chat.
  • Email support.
  • Comprehensive FAQ section.Support is available in multiple languages, including English, Chinese, and Spanish.

P2P Trading

HTX supports peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with fiat currencies. The platform ensures security through an escrow service.

Geography

HTX operates in over 100 countries, with a strong presence in Asia, Europe, and Latin America. However, it is restricted in some regions, including the United States.

Languages Available

The platform supports 20+ languages, such as:

  • English
  • Chinese
  • Korean
  • Spanish
  • Russian

Device Usage

HTX users access the platform through:

  • Mobile devices: 65%.
  • Desktop: 35%.

Additional Instruments

HTX provides a range of trading and investment tools:

  • Futures and Options: High-leverage trading for advanced users.
  • Staking: Earn passive income on crypto holdings.
  • Crypto Loans: Borrow against your crypto assets.
  • NFT Marketplace: A platform to buy, sell, and trade NFTs.

Corporate Accounts

HTX supports institutional accounts with features like:

  • Lower trading fees.
  • Enhanced API access.
  • Dedicated account management.

Trading Fees

HTX offers a competitive fee structure:

  • Maker Fee: 0.02%–0.2%.
  • Taker Fee: 0.04%–0.2%.HT token holders enjoy additional discounts.

Fiat Money

HTX supports fiat deposits and withdrawals in currencies like USD, EUR, and GBP through third-party providers.

Investors and Ownership

HTX is owned by About Capital, with its operations based in the Seychelles. The platform has a strong focus on compliance and security.

Team Information

HTX employs over 1,000 professionals, including experts in blockchain technology, finance, and cybersecurity.

Exchange Token

The native HT token powers the HTX ecosystem:

  • Reduces trading fees.
  • Offers staking rewards.
  • Provides governance rights.

Trading Volumes

HTX handles daily trading volumes exceeding $1.5 billion, making it one of the most liquid platforms globally.

NFT Support

HTX operates a dedicated NFT Marketplace, where users can explore and trade digital art, collectibles, and more.

Affiliate Program

The affiliate program offers:

  • Up to 50% commission on trading fees from referrals.
  • Special bonuses for high-performing affiliates.

Traffic Data

HTX receives over 30 million monthly visits, with the majority of traffic from Asia, Europe, and South America.

Registration Methods

Users can register via:

  • Email and password.
  • Social media accounts like Google or Apple.

Types of Orders

HTX supports various order types, including:

  • Market orders.
  • Limit orders.
  • Stop-loss orders.
  • Grid trading.

Bonuses

  • Welcome bonuses for new users.
  • Trading competitions with lucrative rewards.

Interesting Facts

  • HTX was one of the first exchanges to launch an exchange token (HT).
  • The platform has invested heavily in blockchain education and research.
  • HTX regularly hosts community events and token listing votes.

HTX is a comprehensive and innovative cryptocurrency exchange that offers something for everyone—from beginners to advanced traders. With its wide range of assets, competitive fees, and focus on security, HTX continues to be a top choice in the cryptocurrency market.