Huobi HTX: Exchange competition shifting from traffic to trust, long-term value

Molly, an official spokesperson for Huobi HTX and an HTX DAO ambassador, said at the Macau Beyond Expo that the cryptocurrency industry is moving past its fast-growth stage. She argued that competition among exchanges is shifting from a focus on traffic to one based on trust, and from the pursuit of short-term gains to the creation of long-term value. According to Molly, as the crypto market evolves from being speculation-driven to an asset management market, users are placing greater importance on asset safety, reserve transparency, and long-term profitability. She added that Huobi HTX has published its Merkle-tree-based proof of reserves for 43 consecutive months and maintains a reserve ratio of over 100% for its major assets. Molly also emphasized that the future of competition among trading platforms is not about being a better exchange but about becoming better financial infrastructure, stressing that the company will continue its focus on long-term value creation. She previously called for a joint industry response after the UK government added Huobi Global S.A., an HTX-affiliated firm, to its Russia sanctions list, arguing that the move was harming numerous victims.