On September 13th, the Huobi exchange announced a name change to “HTX,” which will be their new official global brand. This change has already been reflected on social media platforms like Twitter and Telegram.
According to Huobi, the new name has multiple meanings. “H” stands for Huobi, “T” represents Tron, and “X” signifies Exchange. Another interpretation is that “HT” refers to the platform’s token, and “X” represents trading this token.
Additionally, “X” is the Roman numeral for 10, commemorating HTX’s 10th anniversary. This marks a new era for the platform, combining the strengths of HTX, TRON, and Poloniex. They have also introduced a new slogan, ‘HTX, Just Trade It.’
Interestingly, some in the community have noticed similarities between the new name “HTX” and the now-bankrupt cryptocurrency exchange “FTX.” Furthermore, some have drawn comparisons to the previous name used by the OPNX trading platform, “GTX,” as all three letters F, G, and H are adjacent in the alphabet.
Along with the rebranding, HTX has a new mission: to expand globally, build a prosperous ecosystem, ensure security and compliance, and enter promising markets in various countries and regions while maintaining balanced growth.
With a primary focus on growth and profitability, HTX offers users worldwide a diverse range of services and products, including PrimeVote, Flexi Max, Shark Fin, and more.
Notably, the announcement of Huobi’s name change to HTX also includes strategic partnerships with public chains like Tron, cross-chain protocols like BitTorrent, and stablecoin projects like TrueUSD. This further solidifies previous speculations about Justin Sun’s ownership of TUSD.
At the time of writing, HTX is the 10th largest exchange by overall volume and ranks 3rd globally. Meanwhile, the price of the HT token appears to have experienced minimal fluctuations following the news of Huobi’s rebranding to HTX.