Huobi HTX's 13th Anniversary: External Storms and Internal Heat Waves

If we only look at the recent crypto discourse, Huobi HTX is probably one of the most discussed trading platforms.

Regulation, sanctions, and fund security, various voices are mixed together.

But if you really open Huobi HTX, you will see a somewhat contrasting picture.

The Huobi HTX 13th Anniversary Carnival Month has entered its second half. So far, over 120,000 rewards have been distributed.

Every day at 13:13, some people are waiting for the anniversary red envelope; some are busy lighting up 9, 11, or 13 future gems; some have drawn $HTX real gold rewards and immediately shared pictures on social media.

The market has also begun to show some warmth. Along with the changes in mainstream assets like BTC, the activity in spot and contract trading on the platform has rebounded.

And the activities for the 13th anniversary are far more than just a carnival month.

Contract users have trading peak competitions, spot users have new hot asset trading parties, and those who do not want to trade frequently have a national coin earning day. In addition, a series of activities around $HTX, invitations, C2C, leverage, and other businesses are also being promoted.

For users, whether the anniversary celebration is lively or not is actually not that complicated.

The size of the prize pool is a promotional metric, but how much is actually distributed is what users feel.

Now, 120,000 rewards have already reached the users.

And this anniversary celebration has just passed the halfway mark.

01｜How were 120,000 rewards distributed?

This year, Huobi HTX designed a very crypto-friendly way to celebrate the 13th anniversary.

13 "future gems," corresponding to 13 tasks.

Users do not need to complete all challenges at once but can start from the simplest tasks, progressing one gem at a time.

Sending a 13th anniversary blessing, completing learning to earn coins, buying $HTX worth 50 USDT, are relatively easy tasks; as you go further, you gradually enter real business scenarios like spot, contracts, earning coins, deposits, leverage, and TradFi.

What’s really interesting is the second half.

After collecting 9 gems, you can start drawing real gold, with a maximum of 130 USDT worth of $HTX; after 11 gems, you can grab anniversary red envelopes every day at 13:13; collecting all 13 gems gives you a chance to win up to 1,300 USDT worth of $HTX and continue to unlock the ultimate prize.

02｜But this year’s 13th anniversary is somewhat special

This year’s Huobi HTX 13th anniversary coincides with a special time window.

The voices outside are loud.

Like other exchanges, Huobi HTX also faces public opinion and scrutiny surrounding regulation and compliance issues. But instead of just looking at the debates on social media, it’s better to see what is happening in real business.

According to recent operational data provided by Huobi HTX, since the 23rd, the platform has maintained an average of tens of thousands of recharge and withdrawal orders daily. Huobi HTX stated that spot, contract, and major businesses like recharge and withdrawal are all operating normally.

In the face of market tests, Huobi HTX has conveyed confidence to the outside world with an open and transparent attitude and welcomes users to continue observing the platform's operational status. At least so far, this round of external turbulence has not pressed the pause button on the platform's business. Users are still trading, funds are still flowing in and out, and the anniversary activities are still ongoing. This may be more worth observing than any response.

03｜For exchanges, money is more honest than tweets

A week ago, Huobi HTX global advisor Sun Yuchen responded to the outside world with four words:

"Everything is fine."

This aligns well with his way of expression.

But whether a trading platform that holds users' assets is really "everything is fine" cannot be determined by a single tweet.

Money is more honest than tweets.

Are users still recharging? Can they still withdraw normally? Has trading stopped? Is there any abnormal liquidity? When market opportunities reappear, can the business still handle it?—these are the real pressure tests for trading platforms.

It is at this moment that looking back at Huobi HTX's theme for this year's 13th anniversary, "Resilience to See the Future," starts to feel a bit different.

If it weren't for the recent events, "resilience" could easily just be a brand slogan for the anniversary.

13 years, several bull and bear cycles, crossing periods, long-termism—these expressions have been said many times in the crypto industry.

But the resilience of an exchange is not that mysterious.

When the market fluctuates violently, the system should not stop; when the wind blows outside, users' funds should still flow in and out normally; if problems arise, someone should handle them; when the market returns, the business should still be able to handle it.

True resilience is not about having no problems, but about not losing speed after problems arise.

Of course, a few days of normal deposits and withdrawals and 120,000 activity rewards cannot prove that an exchange is free of risks, nor can they replace the resolution of regulatory issues themselves.

Huobi HTX still needs to face relevant controversies and continuously provide information that can be verified by users and the market.

Resilience can help a company weather the storm, but it cannot be an excuse to avoid problems.

At least for now, this storm has not stopped it.