HTX review

HTX is one of crypto's oldest names under a new identity. Founded in China in 2013 as Huobi, it rebranded to HTX in September 2023, the letters standing for Huobi, TRON and Exchange. It remains a large global venue, claiming more than 40 million users and several billion dollars in daily spot volume, with deep liquidity on major pairs.

The platform is closely associated with Justin Sun, the founder of the TRON blockchain, who became its de facto owner in 2022 and serves as a global advisor. That connection brings reach and aggressive marketing, but also ties the exchange's fortunes to one high-profile and sometimes controversial figure, which is part of any honest risk assessment.

Fees are tiered and competitive, with a 0.2% base spot rate that falls with HT-token holdings and trading volume. The trade-off is a mixed safety record: HTX suffered a hot-wallet breach and a roughly 100 million dollar exploit of an associated bridge in 2023, both of which it covered, but which dented confidence. It is based in Seychelles and does not serve US customers.

The honest read: HTX offers liquidity, a broad catalogue and low fees, but it sits lower on trust than fully regulated, publicly accountable exchanges, given its ownership concentration and incident history. It suits experienced, non-US traders who understand and accept that profile, not beginners seeking the safest possible venue.