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Exploring Huobi and Huobi Token (HT)

In this article, we’re going to dive deep into the Huobi Global crypto ecosystem, including the Huobi Global crypto exchange, Huobi Eco Chain (HECO), and Huobi Token. Also, we’ll explore some of the most prominent Huobi Token competitors and discuss how to buy Huobi Token.

Huobi Global is a leading cryptocurrency exchange that offers hundreds of trading pairs and supports numerous local fiat currencies. It was the third highest-ranking crypto exchange according to CoinMarketCap in June 2021. Huobi Token (HT) is the native utility token of the exchange. It provides holders with trading fee reductions and aims to support the broader Huobi ecosystem, including the decentralized layer-2 network, Huobi Eco Chain (HECO). Also, HT token holders gain exclusive access to token launch events, airdrops, staking rewards, and community incentives. Plus, the platform serves individuals and financial institutions with a high net worth. So, if you want to learn more about the Huobi crypto exchange, Eco Chain (HECO), and how to buy Huobi Token (HT), read on! 

Moralis Academy is the ultimate Web3 and blockchain education platform online. If you’re new to the world of Web3 or want to know how to buy crypto assets such as Huobi Token, check out the Crypto for Beginners course at Moralis Academy. This course teaches students how to safely buy and sell crypto using a crypto exchange. Also, we teach students about the foundations of Web3, including smart contracts, consensus mechanisms, and much more. Join our community of over 30,000 students and kickstart your blockchain education with Moralis Academy!

What is Huobi?

Established in China in 2013, Huobi Group is a digital asset company that serves over 100 countries. The flagship Huobi Global crypto exchange has since moved operations to Seychelles for a more crypto-friendly regulatory environment. The platform has become a popular onramp for new users and provides access to various token launch events. 

Wondering how to buy Huobi Token? Check out Huobi Global!

Huobi Token (HT) was released in 2018 as an Ethereum-based ERC-20 exchange token to give exchange users exclusive perks and rewards. The company has expanded global operations and acquired other Web3 projects, including “Quick Wallet” – the multi-crypto wallet. Also, the firm is responsible for launching Huobi Eco Chain (HECO), an energy-efficient public blockchain network that uses the HT token as a base currency. HECO is home to an ecosystem of decentralized finance (DeFi) protocols and permissionless Web3 applications.

Huobi Group is committed to promoting globalization, professionalism, compliance, and diversification. Co-founder Leon Li is a former computer engineer at Oracle and an early Bitcoin enthusiast. Also, co-founders Jun Du and Herbert Rafael Sim have an extensive background in technology, media, and blockchain education.

Exchange Features

The exchange features multiple trading types, including spot, margin, long, short, and trading bots. Also, users benefit from a dedicated crypto wallet, an over-the-counter (OTC) brokerage, and various derivatives, including futures and swaps. In addition, users can participate in Polkadot parachain slot auctions, take out crypto loans, and earn a passive income from several staking and yield options. Plus, the “CandyDrop” airdrop feature gives users the chance to earn free crypto from emerging projects and giveaways. Users can observe their performance using the built-in profit/loss indicator. Moreover, “Primepool” enables users to lock up funds in order to participate in airdrops and competitions. 


As with most top crypto exchanges, Huobi offers a diverse range of trading options for beginners and professionals alike. The quick buy/sell feature enables users to access 348 crypto assets using 57 local currencies and 60 different payment methods. Also, users can select sellers with the best prices using the peer-to-peer (P2P) trading option. The spot trading option facilitates token-to-token exchanges with hundreds of token pairs. Plus, traders benefit from zero fees or slippage.

Chart illustrating the purchase of BTC/USDT which is similar to how to buy Huobi Token on Huobi Global.

Margin trading enables users to multiply their profits using leverage. Alternatively, users can automate their trading strategies using the built-in trading bot feature. In addition, the brokerage service provides over-the-counter (OTC) trading and lending facilities for high-net-worth individuals and financial institutions. 

The crypto exchange hosts a broad range of derivatives. Traders can go long, short, or participate in coin margined futures and swaps. Furthermore, investors can lock up selected crypto assets to earn staking rewards. This is an excellent opportunity for anyone looking to earn a passive income with crypto.

Huobi Wallet

Huobi Wallet is a non-custodial, multi-chain crypto wallet. It supports several major crypto assets and enables users to keep track of their portfolios from one convenient location. Also, Huobi Wallet enables users to interact with decentralized applications (dapps) and Web3 protocols on HECO.

Huobi Wallet

Institutional Services

Huobi offers a range of highly compliant tools and services for institutions, including professional trading, bespoke over-the-counter (OTC) lending and borrowing, and mining services. Clients benefit from 24/7 customer support and trading fee reductions. These services cater to crypto mining rig manufacturers, distributors, farms, mining pools, crypto investment firms, digital asset trading businesses, and blockchain projects. Furthermore, the platform offers custodial services and investment solutions to meet all levels of risk appetite.

Huobi Token (HT)

Huobi Token (HT) is an Ethereum-based, “blockchain-powered loyalty point system” that powers the Huobi ecosystem. Similar to Binance Coin (BNB), it provides discounts for Huobi exchange users and funds the various projects and products under the Huobi Global umbrella. Huobi Token holders gain access to discounted products and exclusive events. Also, they can use their tokens to vote on changes to services. Furthermore, HT token holders get VIP fee trading discounts. The token also generates revenue for advertising and community incentives.

Blog How to Buy Huobi Token (HT)

Just like BNB and other exchange tokens, the HT token uses a “buyback and burn” mechanism to reduce the circulating supply. At the time of writing, the HT token is trading at around $9.42. This is approximately 76% below its all-time high of $39.66 in May 2021. Also, the HT token has a market cap of $1.4 billion and a circulating supply of 155 million out of a maximum of 500 million, according to CoinGecko. Furthermore, an allocation of 100 million tokens is reserved for ecosystem rewards, operations, and incentives. Below, we’ll discuss how to buy Huobi Token (HT).

How to Buy Huobi Token (HT)

If you’re wondering how to buy Huobi Token (HT), you can buy it via the Huobi exchange or other popular exchanges such as, FTX, and AAX. Here, you’ll find various trading pairs and trading options. If you want to buy HT using fiat currency, you’ll need to create an account with a crypto exchange that lists it. Alternatively, you can swap HT for various crypto assets throughout the HECO Chain ecosystem using MetaMask or Quick Wallet.

Huobi Eco Chain (HECO)

Huobi Eco Chain (HECO) is a high efficiency, energy-saving EVM-compatible layer-2 scaling network that aims to optimize operations on Ethereum. The testnet launched in December 2020. It was the first product launched by the Huobi open platform and is partly funded by the Huobi Ventures HECO fund. HECO provides users with a low-cost, high throughput experience with high security and low latency.

Furthermore, HECO is smart contract-compatible. As such, it is home to various decentralized applications (dapps) and Web3 protocols. Developers can deploy Ethereum smart contracts on HECO using common tooling with minimal friction. Also, the hybrid proof-of-stake (HPoS) consensus mechanism facilitates ultra-fast cross-chain asset transmission. Users benefit from incredibly fast transaction speeds of 2,000+ transactions per second (TPS), average block times of three seconds, and minimal fees. The HT token is the native asset of the network. Also, it is essential for interacting with dapps on HECO and paying for gas fees.

Furthermore, the HECO DAO (decentralized autonomous organization) facilitates community-led governance. Network participants can vote on a range of proposals to make changes to the protocol without a central authority. Accordingly, if you’re interacting with HECO and want to know how to buy Huobi Token, check out some of the popular HECO dapps, such as MDEX.


The HECO network is in the early stages of its development. However, it has a long way to go if it is to compete with other EVM-compatible blockchains. At the time of writing, the total value locked (TVL) on HECO is $335 million. Conversely, BNB Chain has more than 14.6 billion in TVL.

To interact with dapps on HECO, you’ll need some sort of Web3 wallet, such as Huobi Wallet or MetaMask. Check out the DeFi 101 course at Moralis Academy to learn how to safely interact with some of the top decentralized finance (DeFi) protocols using MetaMask. Also, this course teaches students about DeFi security, risks, cross-chain bridges, stablecoins, lending, borrowing, and more. Start your DeFi journey today with Moralis Academy!

Other Popular Exchange Tokens

Exchange tokens help to create economic incentives for users and build economic communities to foster communities. Below, we’ll take a look at some of the other popular crypto exchanges and exchange tokens competing against Huobi and the HT token.

Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange and Binance Smart Chain (now BNB Chain) ecosystem. BNB has the highest market cap of any exchange token. Just like the HT token, BNB gives holders trading fee discounts, staking incentives, and exclusive rewards. Also, BNB plays an essential role as the base currency for the thriving ecosystem of DeFi protocols on BNB Chain.

Cronos (CRO)

Cronos (CRO) is the exchange token from It gives holders access to exclusive perks and staking rewards throughout the exchange. Also, holders can get bonus rewards for purchases made using the card. Furthermore, CRO is used throughout the public blockchain network, Chain, which is accessible via the non-custodial wallet from

FTX Token (FTT)

FTX Token (FTT) is the FTX exchange token and the backbone of the FTX ecosystem. As is common with exchange tokens, FTT gives holders trading fee discounts and opens up staking opportunities. Furthermore, the buyback and burn mechanism reduces the supply of tokens and helps the platform become self-sustaining. Also, the FTT token is highly interoperable with multiple chains, including Solana, Ethereum, and TomoChain. If you don’t have a Huobi account and want to know how to buy Huobi Token, you may be able to find a suitable trading pair on the FTX exchange.

LEO Token

LEO Token (LEO) is the native exchange token of the Bitfinex crypto exchange and other trading platforms managed by parent company iFinex. It provides users with trading fee reductions, withdrawal discounts, and yield opportunities throughout the Bitfinex product range. Also, LEO Token uses a buyback-and-burn mechanism similar to that of other exchange tokens.

PancakeSwap (CAKE)

The CAKE token from PancakeSwap is a BEP-20 utility token for the PancakeSwap DEX. PancakeSwap is the number one DEX on BNB Chain by trading volume and is home to a range of staking and yield farming products. Also, the CAKE token enables holders to vote on governance proposals, take part in lotteries and prediction markets, and earn a passive income. In addition, the CAKE token provides economic incentives for trading competitions.

Exploring Huobi and Huobi Token (HT) – Summary 

Huobi Global is one of the most prominent crypto exchanges in the Web3 realm. The platform provides users with a simple, sleek trading experience and a suite of professional features and staking services to rival any of the top exchanges. Also, it offers multiple services to financial institutions and high-net-worth individuals globally. 

Blog How to Buy Huobi Token

The launch of Huobi Eco Chain (HECO) suggests that the company is keen to stay in tune with the ever-evolving world of Web3. It provides a low-cost, high throughput environment for developing and deploying decentralized applications (dapps). If you want to become a Web3 developer but have no coding experience, check out the JavaScript Programming for Blockchain Developers course at Moralis Academy. This course teaches students how to build a decentralized exchange (DEX) on Ethereum from scratch using JavaScript. 

There has never been a better time to learn a new skill in an emerging tech field. Regardless of your current level of knowledge or experience, Moralis Academy has the perfect courses to help you make the most out of the Web3 landscape. Become blockchain certified with Moralis Academy today!

Furthermore, don’t forget to follow us on Twitter @MoralisAcademy. We’d love to hear your thoughts about the Huobi ecosystem and the HT token. Also, now that you know more about Huobi and how to buy Huobi Token, why not check out our Quantum Computing and Blockchain”, “What is Chainalysis?”, and “NFT Royalties Explained” articles to expand your Web3 knowledge further?


Written by Ivan on Tech

May 2, 2022

Written by IvanOnTech
May 2, 2022
Ivan is an international speaker, educator, developer and data scientists. Ivan’s YouTube channel Ivan on Tech has become an international phenomenon, spreading blockchain knowledge all over the world and accumulating over 450,000 subscribers.

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