Huobi (HT): What It Is, Uses and Risks

Huobi Token (HT) is the native token of Huobi, a cryptocurrency exchange that the project description calls the third-largest in the world. Huobi announced the token on January 22, 2018, and the data lists its launch date as January 31, 2018. The token was created as a loyalty instrument. Holders can receive lower trading fees on the exchange, and HT also trades against other popular cryptocurrencies. Huobi described the token sale as not an ICO, because buyers were purchasing a service package that included HT rather than funding a development round. Some of the search material refers to the same platform as HTX. Exchange tokens like this are closely tied to the platform that issues them, so their value depends heavily on how much people use that exchange and how it is run.

The most established use of HT is a discount on trading fees on the Huobi platform, which one search result describes as up to 50 percent. Holders can also join the exchange's loyalty program, which offers a range of discounts, and the data mentions margin discounts and access to some platform features. HT can be traded against other cryptocurrencies, which gives it a market price separate from its fee benefits. The search material also describes the wider Huobi ecosystem as including derivatives, spot trading, crypto loans and staking, but it does not confirm which of those services HT itself is used for. Readers should check the exchange's current terms for the exact benefits, since perks of this kind can change.

The data shows a circulating supply of about 109.4 million HT, with the total supply listed as the same figure and a maximum supply of 500 million. In early 2018, Huobi distributed 300 million HT, which the project description says was 60 percent of the total supply, to pro users who bought a discounted service package. That distribution ran from January 24 to February 7, 2018. As of 2026-11-05, the data gives a price of about $0.133 per HT, a market capitalization of about $14.6 million, and a 24-hour trading volume of about $1,128 at the time of writing. The token ranked 1015 by market capitalization. Its all-time high was about $39.66 on May 12, 2021, and its all-time low was about $0.076 on July 2, 2026. Over one year the price fell by roughly 54 percent.

HT is listed as the native token of the Heco chain. The data also lists it as issued on Ethereum, Harmony and Near, which means versions of the token exist on those networks as well. One search result says HT operates on the Ethereum platform. Because the same token name can exist on several chains, a version of HT on one network is not the same asset as another version without moving through a supported bridge or exchange process. Before sending or receiving HT, check which network the token is on and whether the wallet or exchange supports it. Sending HT on the wrong network is a common cause of lost funds.

HT carries several risks that new readers should understand. Its value is tied to one exchange, so changes in that company's operations, legal position or user numbers can affect the token directly. The data shows very low 24-hour trading volume, which means small trades can move the price sharply. Regulatory changes have also affected the platform before: the project description says Chinese rules cut trading volume on Huobi by 95 percent in late 2017. Storage deserves care. Tokens held on an exchange depend on that exchange's security, while self-custody puts the burden of keys and seed phrases on the holder. Watch for fake token contracts and phishing sites, and verify any contract address from the project's own communication before interacting with it.