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SINGAPORE – Cryptocurrency exchange Huobi has officially started depository services for its new HTX token from today, and also announced the replacement of its native coin HT with this new token.
Starting today, Huobi account holders have the option to deposit HTX tokens into their accounts. Additionally, on Monday, users will have the option to convert their existing HT tokens to HTX. Those who opt for early conversion will benefit from favorable rates, which will promote a rapid transition to the new token.
Until February 2, 2024, Huobi is preparing to introduce a series of benefits for HTX holders. These benefits include discounts on trading fees, which could potentially attract a larger user base and increase trading volumes on the exchange. The platform’s efforts to improve user experience and value through these initiatives demonstrate a strategic move to strengthen its position in the market.
Additionally, Huobi outlined a long-term plan for HTX, including establishing an HTX DAO listing and other enhancements to the platform’s offerings. These updates are part of Huobi’s broader strategy to improve its ecosystem and provide more governance power to its users.
Users interested in converting HT to HTX have considerable time to make their decision, since the exchange has set a deadline of January 20, 2025 for the completion of this process.
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