Crypto alternate Huobi rebranded to HTX to rejoice its tenth anniversary, in keeping with a Sept. 13 assertion 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 alternate. Taking a look at HTX by the mix of HT and X, HT represents the native token of the platform whereas X symbolizes the alternate. Therefore, HTX is an alternate with its native token of HT…There’s additionally a model new slogan – ‘HTX, Simply Commerce It.’”
The alternate’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 folks on earth.”
In the meantime, some market observers have identified similarities between Huobi’s new identify and the now-defunct FTX crypto alternate. Moreover, some have drawn comparisons to the placeholder identify beforehand utilized by the crypto claims buying and selling platform OPNX, “GTX.”
Final month, HTX noticed its spot market share leap 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.
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