Michael del Castillo

  HTX, a leading global cryptocurrency exchange, participated as a sponsor at Bitcoin MENA 2024, held in Abu Dhabi on December 9-10. The event marked a major milestone as the first large-scale cryptocurrency summit in the MENA region, attracting notable figures such as Eric Trump, Binance’s Changpeng Zhao (CZ), and Marwan Alzarouni, CEO of Dubai Blockchain Center. The summit served as a key platform to discuss the future of cryptocurrencies and explore industry opportunities. Justin Sun, HTX’s Global Advisor and founder of TRON, and Charmaine Lim, HTX’s Head of VIP Client Services, attended the event and shared their perspectives on the current and future state of the cryptocurrency market. Their participation highlights HTX's growing focus on the MENA region and its commitment to expanding its global reach. During the "Bitcoin vs. Crypto" debate, Justin shared insights on Bitcoin's role as a store of value and its relationship with other cryptocurrencies. He emphasiz...

  HTX, a leading cryptocurrency exchange, had a groundbreaking year in 2024, particularly in derivatives trading. The platform's continuous improvements and innovative products raised the bar for user experience. As 2025 begins, HTX is enhancing its offerings with the launch of Futures Grid 2.0, an advanced trading tool now available for global beta testing. Futures Grid 2.0 is designed to optimize futures trading with greater flexibility and smarter features. It supports more trading pairs and offers three strategy modes—neutral, long, and short. New features like the Auto Fill option for bot creation, one-click copying of professional strategies, and automated trading capabilities aim to simplify market success for all traders. This tool helps traders navigate volatile markets by automating strategies based on price trends and fluctuations. It is suitable for short, medium, and long-term strategies, and unlike spot grid trading, it offers enhanced flexibility and performance with...

  Justin Sun, the founder of Tron, transferred 70,182 Ethereum, valued at $244.9 million, to HTX on Christmas Eve. The transfer, reported by Spot On Chain, included 42,905 ETH unstaked from Lido Finance, a decentralized staking protocol, along with 27,277 ETH from Etherfi. This move brought Sun’s total deposits to HTX (formerly Huobi) to 179,101 ETH, worth $645 million, with an average price of $3,601 per ETH. Earlier, on December 23, Sun redeemed 39,999 ETH worth $143 million from Lido Finance and Etherfi and deposited the entire amount into HTX. This raised his total deposits to HTX since November 10 to 108,919 ETH, valued at $400 million at an average price of $3,674 per ETH. The remaining 42,904 ETH, worth around $139 million, was still in the unstaking process at Lido Finance but was eventually completed in the Christmas Eve transaction. Sun’s strategy includes withdrawing significant amounts from Lido Finance for planned purchases. He also previously transferred 52,905 ETH va...