[Exchanges](https://revain.org/exchanges/) › HTX

# HTX: licences, security, fees and reviews

Centralized exchange

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2013
- **Country of registration**: Seychelles
- **Formerly**: Huobi
- **Official site**: [huobi.com](https://www.huobi.com)

Data: CoinGecko, 2026-10-27. Only exchanges that operate today with a CoinGecko trust score of 6/10 or higher are listed.

## What is HTX

HTX, formerly Huobi, is a centralised crypto exchange founded in 2013 that rebranded in September 2023. It offers spot trading, fiat and P2P trading, derivatives, HTX Earn, staking and loan services, and has its own token, HTX.

## Services

| Parameter | Details |
|---|---|
| Spot trading | Spot trading since September 2013, with cross margin mode added in November 2019. |
| Derivatives | Coin-margined and USDT-margined perpetual and delivery futures. |
| Margin | Cross margin mode for spot trading. |
| Copy trading | Futures copy trading since September 2022. |
| Staking / Earn | HTX Earn (flexible and fixed products), recurring investment, staking and loans. |
| Fiat deposits | Fiat and P2P trading since May 2018. |
| Own token | HTX token; pledged and burned tokens exceed 11% of supply per HTX. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Pakistan | — | No-objection certificate (NOC) from the Pakistan Virtual Assets Regulatory Authority, making HTX eligible to apply for licensing (2025) | [Pakistan Virtual Assets Regulatory Authority (PVARA)](https://www.htx.com/about/) |

## Proof of reserves as of 1 August 2025

| Asset | Reserve ratio |
|---|---|
| BTC | 101.0% |
| ETH | 100.0% |
| TRX | 105.0% |
| USDT | 101.0% |

Method: Monthly Merkle tree proof of reserves published in the Proof of Reserves section of the HTX website. [↗](https://www.newsfilecorp.com/release/262326)

## Security and audits

- HTX integrated Fireblocks Off Exchange in May 2024.
- HTX introduced Merkle tree proof of reserves in December 2022 and publishes it monthly.

## Who can use it

- Verification: Services are available after registration and identity verification.
- Prohibited for users from mainland China, the United States, the United Kingdom, all EU member states, Hong Kong, Singapore, Russia, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Myanmar and occupied regions of Ukraine.

## History

| Date | Event |
|---|---|
| September 2013 | Launched with spot trading as Huobi. |
| December 2022 | Introduced proof of reserves. |
| 22 May 2023 | The Securities Commission Malaysia publicly reprimanded Huobi Global Limited and its CEO Leon Li for operating a digital asset exchange in Malaysia without registration and ordered it to stop operating there. |
| September 2023 | Rebranded from Huobi to HTX on its 10th anniversary. |
| January 2024 | HTX DAO established. |

## Risks and caveats

- The user agreement does not name a single operating company; the operators may include DAOs or unincorporated teams and may change.
- Not available in the United States, the United Kingdom, the EU, mainland China, Hong Kong, Singapore and other listed jurisdictions.
- Malaysia's Securities Commission ordered Huobi Global to stop operating in Malaysia on 22 May 2023.

## About the company

- **Legal entity**: "HTX Operators" — the parties running the platform, which may include companies, DAOs and unincorporated teams
- **Founded**: 2013
- **Formerly**: Huobi (rebranded September 2023)
- **Own token**: HTX

## Official links

- Website: [www.htx.com](https://www.htx.com/)
- Fees: [www.htx.com/fee](https://www.htx.com/fee/)
- Terms of use: [www.htx.com/support/en-us/detail/360000298561](https://www.htx.com/support/en-us/detail/360000298561)

## Questions and answers

**Is HTX regulated?**

HTX lists a 2025 no-objection certificate from Pakistan's Virtual Assets Regulatory Authority; no other licences are listed on its website. Malaysia's Securities Commission took enforcement action against Huobi Global in May 2023.

**Does HTX publish proof of reserves?**

Yes, a monthly Merkle tree proof of reserves. The report dated 1 August 2025 showed BTC at 101%, ETH at 100% and USDT at 101%.

**Who owns HTX?**

The user agreement refers to "HTX Operators", which may include companies, DAOs and unincorporated teams, rather than naming one owner.

**Is HTX available in the US or EU?**

No. Users from the United States, the United Kingdom and all EU member states are prohibited from using all services.

## Sources

- [CoinGecko — HTX](https://www.coingecko.com/en/exchanges/huobi)
- [HTX — About Us](https://www.htx.com/about/)
- [HTX — Platform User Agreement](https://www.htx.com/support/en-us/detail/360000298561)
- [HTX press release — Proof of Reserves report (13 August 2025)](https://www.newsfilecorp.com/release/262326)
- [Securities Commission Malaysia — Enforcement action against Huobi Global (22 May 2023)](https://www.sc.com.my/resources/media/media-release/sc-takes-enforcement-action-against-huobi-global-for-illegally-operating-dax-in-malaysia)

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Page updated: 2026-10-29

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Source: https://revain.org/exchanges/huobi/