Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Amid recent discussions in the crypto space, HTX has drawn significant attention.
Like many other exchanges, regulatory scrutiny has become a subject of discussion on this exchange.
However, activity on the HTX platform tells a different story.
The HTX 13th Anniversary Carnival is now well into its second half, with more than 120,000 rewards already distributed.
 
Every day, users set their alarms for 13:13 (UTC+8) to make sure they don’t miss the anniversary red packets. Some are lighting up 9, 11, or 13 Future Gems to unlock rewards, while others have already received their $HTX rewards and shared their wins on social media.
The market has also begun to warm up. Amid price movements in major assets such as BTC, trading activity across both spot and futures markets on the platform has surged.
Furthermore, the 13th Anniversary celebration extends far beyond a single Carnival Month.
Futures traders can participate in the HTX Trading Championship, spot traders can join the Spot Trading Carnival, and users seeking yield opportunities can take part in the HTX Earn Bonanza. In addition, a series of campaigns focused on $HTX, referrals, P2P, and margin trading are being launched in rapid succession.
For users, one way to assess whether an anniversary event is truly engaging is to look beyond its headline prize pool.
Prize pool figures may attract attention, but actual reward distribution is a much more direct measure of the true user experience.
To date, more than 120,000 rewards have been distributed to users.
The anniversary celebration has only just passed its midpoint.
01 | How Are 120,000 Rewards Being Distributed?
For its 13th anniversary, HTX designed a distinctly crypto-native interactive framework.
Thirteen Future Gems correspond to 13 specific tasks.
Rather than forcing users to complete every challenge at once, they can progress step by step, starting with the simplest tasks.
Early-stage milestones include posting a 13th Anniversary wish, completing a Learn & Earn quiz, and purchasing 50 USDT worth of $HTX. As users progress, the tasks gradually extend into core areas such as spot and futures trading, Earn, fiat deposits, margin trading, and TradFi.
The second half of the progression introduces higher-tier incentives.
At 9 Gems, you can start drawing rewards and receive up to 130 USDT worth of $HTX. At 11 Gems, you can claim an anniversary red packet every day at 13:13 (UTC+8). Light up all 13 Gems for a chance to win up to 1,300 USDT worth of $HTX and unlock the grand prize.
02 | A Particular 13th Anniversary Period
HTX’s 13th anniversary coincides with a notable period of market and operational backdrop.
The industry is noisy.
Like many other exchanges, HTX faces public discussion and scrutiny over issues such as regulation and compliance. However, beyond social media commentary, underlying operational metrics provide a far clearer view of the platform’s performance.
According to recent operational statistics disclosed by HTX, the daily average number of deposit and withdrawal orders has remained in the tens of thousands since August 23. HTX stated that core services, including spot, futures, deposits, and withdrawals, continue to operate normally.
In addressing market questions, HTX has maintained open communication regarding its operations and platform stability while encouraging continued public observation. Thus far, these external developments have not interrupted the platform’s operations. User trading activity, capital flows, and anniversary events have continued during this period. These operational indicators provide a more concrete basis for assessing the platform.
03｜For an Exchange, Money Is More Honest Than a Tweet
A week ago, Justin Sun, Advisor to HTX, responded to external inquiries with a concise statement:
“Everything is fine.”
This is very much in line with his style.
However, a single tweet alone cannot determine whether an exchange holding user assets is genuinely operating normally.
Money is more honest than a tweet. Operational data provides a more substantive basis for assessment than statements alone.
Key operational metrics provide a more substantive view: whether deposits and withdrawals proceed smoothly; whether trading activity and liquidity remain stable; and whether platform infrastructure can support increased trading volume when market opportunities emerge. These are the core indicators of an exchange’s operational resilience.
Against this backdrop, the theme of HTX’s 13th anniversary—“Resilience Reveals the Future”—takes on greater significance.
Without recent events, “resilience” might have been nothing more than an anniversary tagline.
Industry narratives often cite 13 years of experience, multiple bull and bear cycles, the ability to weather market swings, and a long-term approach.
Yet an exchange’s operational resilience relies on clear fundamentals.
Operational resilience means keeping systems stable during periods of high market volatility, maintaining seamless deposit and withdrawal processing amid external turbulence, addressing issues promptly as they arise, and maintaining system capacity as market volumes recover.
True resilience is not the absence of problems, but the ability to maintain momentum when problems arise.
Routine deposit and withdrawal processing, together with the distribution of 120,000 rewards, does not imply the absence of operational risk, nor does it replace long-term regulatory resolution.
HTX still needs to address the relevant issues and consistently provide verifiable data to users and market participants.
Resilience can help a company navigate periods of uncertainty, but it should not substitute for addressing underlying issues.
At least for now, these external developments have not interrupted the platform’s operations.
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