Since the cryptocurrency exchange Huobi changed hands last year, a lot of controversy has erupted over the brand name alone. The Chinese name was first changed from "Huobi" to "Huobi" and then back to the original "Huobi". Now even the English name It also needs to be changed. From the well-known "Huobi" to "HTX", it is difficult not to think of the bankrupt exchange FTX.
Huobi Global Advisor Sun Yuchen announced at the TOKEN2049 post-meeting party yesterday (14th) that in order to celebrate the tenth anniversary of the platform, "Huobi International (English) brand has been officially upgraded to HTX."
According to the official announcement, "H" represents Huobi's H; "T" represents TRON, indicating the determination of All in TRON; "X" represents the exchange business. Judging from the combination of letters, "HT" is also the name of the Huobi platform token, so "HTX" can also be understood as the exchange that trades HT. In addition, the "X" that represents 10 in Roman numerals also pays tribute to the tenth anniversary of the platform's establishment. It also means that through the joint development of Huobi HTX, TRON, and Poloniex's collaborative ecosystem, they will jointly write a new chapter in the cryptocurrency industry.
So far, the exchange's social media account names have been changed to "HTX", and many of its product lines have also followed suit with new names, such as HTX Earn.
Although it is impossible to determine whether Huobi changed its name again on a whim or for other hidden reasons, Sun Yuchen had previously had a conflict with Li Lin, the founder of Huobi, over the Chinese name of the brand. The cause of the incident was that the platform failed to comply with the acquisition agreement and changed the name without authorization. The use of the words "Huobi" and "Huobi" made Li Lin so angry that he filed a lawsuit in the Hong Kong High Court against Huobi Global Limited for trademark infringement.
In this regard, Sun Yuchen issued an article after the meeting last night and pointed out: "The Chinese brand Huobi remains unchanged, and its full name is Huobi HTX."
This article "Huobi" officially changed its name to "HTX"! Justin Sun: The Chinese name will continue to be "Huobi" first appeared on Blockchain.
