Crypto trade Huobi rebranded to HTX to have fun its tenth anniversary, in line with a Sept. 13 statement from the platform.
A part of the assertion reads:
“‘H’ stands for Huobi, ‘T’ represents TRON with a dedication to being all in TRON, and ‘X’ stands for the trade. Taking a look at HTX via the mix of HT and X, HT represents the native token of the platform whereas X symbolizes the trade. Therefore, HTX is an trade with its native token of HT…There’s additionally a model new slogan – ‘HTX, Simply Commerce It.’”
The trade’s official English-language X (previously Twitter) account has undergone the identify change, with a number of of its merchandise now reflecting this up to date identify.
HTX added that its “new mission is to construct a metaverse free port with a imaginative and prescient to attain monetary freedom for 8 billion individuals on earth.”
In the meantime, some market observers have pointed out similarities between Huobi’s new identify and the now-defunct FTX crypto trade. Moreover, some have drawn comparisons to the placeholder name beforehand utilized by the crypto claims buying and selling platform OPNX, “GTX.”
Final month, HTX noticed its spot market share jump to its highest level since October 2021 after its buying and selling quantity surged by 46.5% to $28.9 billion. The rise is extra notable, contemplating the platform confronted scrutiny about its stablecoin reserves and denied any experiences that its executives have been arrested in China.
The publish Huobi rebrands to HTX, the ‘Huobi Tron Exchange’ in celebration of tenth anniversary appeared first on CryptoSlate.
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