TRON (TRX) founder and HTX (formerly Huobi) global advisor Justin Sun explained the reason behind the exchange’s rebranding.
Justin Sun held in Singapore Token2049 In his speech at the event, he said that the reason why Huobi changed to HTX was with global adoption He said it was related. Sun, HTX also outside asia He stated that they aim to expand.
According to Sun’s statements, Huobi, English speaking user base He wants to address. But in Chinese “fire” And “coin” The word Huobi, meaning It doesn’t suggest anything. Sun introduced the word Huobi for western users. hard to pronounce defined as.
Justin Sun is also available Lithuania, Dubai, Australia, Argentina And Brazil including Latin America He pointed out that they are working with their governments to initiate activities in compliance with regulations in these regions.
To globalize in the past two major campaigns what they do but as expected not successful Stating that Sun, another Chinese stock exchange, Binance good branding He stated that he achieved great success in globalization thanks to this.
Sun also founded HTX from 2013 any since did not encounter any negativity While emphasizing, we are very careful about token listing. selective He said they behaved. Another statement by Sun regarding the token listing is that it will interact more with the users in selecting the tokens to be listed with the HTX brand. democratize They got what they wanted.
In a statement made yesterday, HTX Huobi, TRON and meaning stock market Exchange announced that it was rebranded with its new name derived from the words.