Huobi Review | Is Huobi Exchange Reliable? A Complete Analysis of Regulatory Compliance, Trading Conditions, Security, and User Reviews

1. Platform Background and Development History

Huobi , founded in 2013 and originally headquartered in Beijing, China, was considered one of China's "Big Three" exchanges, along with OKCoin and BTCC. Following China's blanket ban on cryptocurrency trading in 2017, Huobi relocated out of mainland China and gradually established its headquarters in Singapore and the Seychelles.

Development highlights:

• 2013 : Huobi goes online and quickly becomes the largest exchange in China.

• 2017 : Affected by Chinese regulations, the company closed its domestic business and turned to overseas operations.

• 2019 : Become one of the top five trading platforms in the world.

• 2022 : Completed acquisition by a consortium associated with Tron founder Justin Sun.

• 2023-2024 : Renamed to "HTX" in an attempt to upgrade the brand, but the market still widely calls it Huobi.

👉 Official website: https://www.huobi.com

📌 Features: Huobi was once one of the most influential exchanges in Asia, but in recent years it has been plagued by controversy due to compliance issues and acquisitions.

2. Trading Account and Trading Conditions

Huobi offers a comprehensive range of trading products, including spot, contract, leverage, and wealth management.

Highlights:

• Rich in currencies, covering most popular tokens.

• Contract trading has strong depth and flexible leverage.

• Holding the platform token HT can enjoy a fee discount.

insufficient:

• Some currencies lack liquidity.

• Some new users complained about withdrawal delays.

III. Supervision and Compliance

Huobi's compliance situation is highly controversial:

📌 Summary: Huobi lacks core licenses from top-tier markets and relies primarily on offshore registration operations.

IV. Relationship with Justin Sun (Tron)

• Acquisition background : In 2022, Huobi was acquired by a consortium related to Tron founder Justin Sun.

• Ecological binding : Huobi has launched a large number of TRX ecological tokens.

• Market doubts : Some users are worried about the cross-risk between Huobi funds and the Tron Foundation.

📌 Risk: The market generally questions the financial security and transparency of Huobi and Justin Sun.

V. Product and Market Coverage

• Spot trading : 500+ currencies, wide coverage.

• Contract trading : strong depth and leverage.

• Margin trading : suitable for mid-to-advanced users.

• Huobi Earn : staking, wealth management, and dual-currency products.

• Prime : New coin incubation.

📊 Comparison: Huobi's product richness is similar to OKX and Binance, but its compliance is insufficient.

6. Trading Execution and Technical Performance

• Matching engine : millions of TPS.

• Liquidity : Mainstream currencies have strong liquidity, while small currencies have poor liquidity.

• APP experience : intuitive interface.

• API : Suitable for quantitative and institutional trading.

📌 User feedback: The contract experience is good, but the withdrawal review is strict.

VII. Fund Security and Risk Control Measures

• After 2014 : No major hacking incidents.

• Fund management : separation of hot and cold wallets.

• PoR Proof of Reserve : Partially published, but lacks transparency.

• Insurance Fund : Not specified.

📌 Risk: Fund transparency is lower than Coinbase and Kraken.

8. Deposit and Withdrawal

• Deposit : Supports multiple cryptocurrencies, and some regions support fiat currency.

• Withdrawals : Cryptocurrency withdrawals typically take 30 minutes to 2 hours.

• KYC Policy : Some users may conduct small transactions without completing KYC.

📌 User complaint: Some withdrawals are delayed or subject to additional review.

IX. Customer Service and Support

• Supported languages : 20+ languages, including Chinese, English, and Spanish.

• Customer service channels : work tickets, online customer service, and email.

• Response speed : User feedback is slow.

• Educational Content : Limited.

10. Media and User Reviews

International media

• Bloomberg: Reported its acquisition is related to Justin Sun.

• CoinDesk: Huobi is "in a period of transformation and its compliance is questionable."

User reputation

• Positive reviews : Wide range of currencies and good contract trading experience.

• Negative reviews : Withdrawal delays, insufficient compliance, and poor fund transparency.

11. Risk Warning

• Regulatory risks : Lack of mainstream licenses and the risk of being banned.

• Funding risk : The relationship with Tron’s funding is complex.

• Market risk : Some new currencies are highly volatile and the contract leverage risk is high.

12. Multi-dimensional scoring (out of 10 points)

• Regulation and Security : 5/10 — Insufficient compliance and poor transparency of funds.

• Trading Conditions : 8/10 — Wide range of currencies and good contract depth.

• Product richness : 8/10 - covering spot, contracts, and wealth management.

• Technology and Liquidity : 8/10 — Strong matching performance and good liquidity.

• Customer Service & Service : 6/10 – Slow customer service response and limited educational content.

📊Overall rating: 7.0/10
Huobi is still among the top ten exchanges in the world, but it faces greater risks in terms of compliance and fund transparency.

13. Conclusion

As an established platform, Huobi still has a large user base and rich products, but:

• Advantages : Rich trading categories, good contract experience, and high market visibility.

• Disadvantages : Lack of compliance, withdrawal disputes, and concerns about its connection with Justin Sun.

👉 Official website: https://www.huobi.com

⚠️ Investment advice:

• Suitable for short-term transactions and active users.

• Be cautious when storing long-term funds.