Huobi drives memes with HTX rebranding
Huobi has re brand ed to HTX, raising public scrutiny due to alleged similarities to the failed FTX exchange. Crypto exchange Huobi has set the crypto world abuzz by announcing its shift to a new identity, HTX. This move coincides with the platform’s tenth anniversary. But the switch hasn’t been without its detractors. Market players and social media users are drawing uneasy parallels between HTX and the bankrupt FTX exchange, whose founder, Sam Bankman-Fried, is embroiled in numerous legal disputes related to fraudulent activities. pic.twitter.com/VAPPNq12rp — S. Goodman (@saulgoodz) September 14, 2023 What does HTX mean? HTX’s renaming carries layered meanings that reflect the organization’s vision. Each letter is an acronym for various aspects of the company’s operations and collaborations. ‘H’ symbolizes Huobi, preserving the legacy of its original name. ‘T’ signifies a partnership with Justin Sun’s blo...