Cryptocurrency exchanges are constantly emerging and disappearing. Only a few, however, have managed to maintain a long-term position on the global market. One of them is Huobi, now operating under the name HTX. Founded in 2013, the platform has undergone significant changes—from regulatory pressure in China to a global rebranding effort. How does it perform today, and is it worth using?
What is Huobi (HTX) and how does it work
Huobi is a centralized cryptocurrency exchange that allows users to buy, sell, and trade digital assets. Users can trade dozens to hundreds of cryptocurrencies, both on the spot market and through derivatives or with leverage.
According to Finex, the exchange offers a wide range of services—from standard trading to staking, as well as its native HT token, which provides users with certain benefits when using the platform.
Read also: BITmarkets.com – Crypto Exchange Review
Range of cryptocurrencies and features
One of Huobi’s main attractions is the breadth of its offering. According to available reviews, the platform supports hundreds of cryptocurrencies and trading pairs, placing it among exchanges with one of the widest portfolios on the market.
Traders Union reports that HTX offers more than 700 cryptocurrencies and operates in over 160 countries worldwide, with a user base exceeding tens of millions.
In addition to standard trading, the platform also enables:
leveraged trading
futures contracts
use of trading bots
staking and other passive income strategies
Fees and user-friendliness
In terms of fees, Huobi ranks among competitive exchanges. The fee structure varies depending on the type of trading and user activity, while holding the native HT token can further reduce costs.
According to most reviews, the platform is suitable for both beginners and advanced traders. It offers a relatively intuitive interface while also providing advanced tools for active trading.
Security and reputation: a weak point?
While Huobi is strong in terms of functionality, questions about security and reputation frequently appear in reviews.
For example, Webopedia highlights mixed user experiences and historical concerns related to platform security and regulation. Some negative reviews mention issues with withdrawals or customer support.
Discussions on Reddit show divided opinions—some users praise the platform for its simplicity and accessibility, while others point to lower trustworthiness compared to the largest exchanges.
Regulation and changes in recent years
Huobi was originally strongly tied to the Chinese market, but it had to withdraw due to tightening regulations. It subsequently moved its operations abroad and began building a global brand.
A key step was the rebranding to HTX in 2023, which was meant to symbolize a new phase of the platform and a move away from its past.
Read also: Licensed crypto services provider crypto4me simplifies cryptocurrency purchasing
Pros and cons of Huobi (HTX)
Strengths of the platform include a wide range of cryptocurrencies, advanced trading tools, competitive fees, and global availability.
Weaknesses highlighted in reviews include mixed reputation and trust, regulatory uncertainty, and in some cases poorer user experiences.
Is Huobi worth using?
Huobi (HTX) today represents a comprehensive trading platform that may be particularly attractive for active traders seeking a wide range of altcoins and advanced tools.
On the other hand, it is not a risk-free choice. Reviews consistently point out that alongside its strong features, it is necessary to consider historical controversies and regulatory uncertainty.
For the average investor, Huobi may be an interesting alternative—but rather as a complement to major, more regulated exchanges than as the sole platform for managing cryptocurrency assets.
