The cryptocurrency landscape is constantly evolving, and exchanges must adapt to ensure security, efficiency, and compliance. HTX (formerly Huobi) has made several key announcements regarding its operations on the Heco Chain — a blockchain platform originally developed under the Huobi ecosystem. These updates include critical changes to BETH reward distributions, suspension of withdrawal services, and the expansion of supported assets over time.
This article breaks down the most significant developments from 2021 through 2024, offering clarity for users navigating HTX's Heco Chain-related services. Whether you're holding BETH, using anchored tokens, or planning withdrawals, understanding these shifts is essential for managing your digital assets effectively.
Key Developments on Heco Chain Support
BETH Users to Receive Back Payments for Missed Rewards (April 2024)
In an important update released on April 20, 2024, HTX announced it would issue retroactive rewards to users who held BETH tokens on the Heco Chain but did not receive expected yield distributions. This move addresses long-standing concerns from the community about missing staking returns.
HTX confirmed that affected users will receive compensation for previously undistributed earnings, ensuring fairness and transparency.
However, the exchange also revealed a strategic shift: HTX will no longer support on-chain distribution of staking rewards going forward. Instead, all future yield payouts will be processed directly through user accounts on the platform. This change aims to streamline operations, reduce blockchain congestion, and enhance reliability in reward delivery.
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HTX Suspends Heco Chain Withdrawals (November 2023)
A major operational change occurred on November 21, 2023, when HTX officially paused withdrawal functionality for assets on the Heco Chain. While deposits may still be supported in certain cases, users can no longer transfer funds out via this network.
This decision aligns with broader industry trends as many platforms de-prioritize or discontinue support for older sidechains due to declining usage and maintenance costs. The Heco Chain, once a vibrant part of the Huobi ecosystem, has seen reduced activity since the rise of more scalable alternatives like BNB Chain and Ethereum Layer 2 solutions.
Users are strongly advised to:
- Avoid sending Heco Chain-based assets to HTX unless absolutely necessary.
- Migrate existing holdings to supported networks where possible.
- Monitor official channels for any future resumption of services.
Historical Expansion of Anchored Token Support
Before scaling back services, HTX actively expanded support for cross-chain anchored tokens on Heco — digital assets pegged to their original value but usable within the Heco ecosystem.
February 2021: Launch of Five New Anchored Tokens
On February 10, 2021, HTX enabled deposit and withdrawal functionality for five new anchored tokens on the Heco network. This early move signaled strong commitment to Heco Chain adoption and interoperability.
While specific token names were not listed in the original announcement, such tokens typically represent major cryptocurrencies bridged from other blockchains (e.g., BTC, ETH, USDT) to function within Heco’s DeFi environment.
April 2021: Addition of WOO, STPT, and IDT
Just two months later, on April 9, 2021, HTX added support for three more tokens:
- WOO/USDT – A trading-focused utility token
- STPT/USDT – Associated with a decentralized data protocol
- IDT/BTC – Likely referring to a stablecoin or interoperability token linked to Bitcoin
These listings were followed by another update on April 13, 2021, which introduced seven additional anchored tokens on the Heco network for both top-ups and withdrawals. Although the exact list wasn't detailed in the provided content, this wave of integrations reflected HTX's push to make Heco a hub for multi-asset DeFi activity during its peak adoption phase.
Why These Changes Matter for Crypto Users
The trajectory of HTX’s Heco Chain services illustrates a common lifecycle in blockchain ecosystems: rapid innovation followed by consolidation.
Initially designed to offer fast, low-cost transactions and support DeFi growth, the Heco Chain has gradually lost momentum. As user demand shifted toward more secure and widely adopted networks, maintaining legacy infrastructure became less sustainable.
For holders and traders, this means:
- Reduced flexibility in moving assets across the Heco Chain
- Increased reliance on centralized platforms for reward management
- Need for proactive asset migration to avoid potential loss or inaccessibility
Staying informed about such service changes helps users avoid common pitfalls — such as sending funds to unsupported chains or missing out on entitled rewards.
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Core Keywords Identified
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- Heco Chain
- HTX BETH rewards
- BETH staking
- Anchored tokens
- Crypto withdrawal suspension
- Cross-chain assets
- HTX service updates
- Blockchain ecosystem changes
These terms reflect high-intent search queries from users seeking guidance on asset management, reward claims, and platform policy shifts related to HTX and the Heco Chain.
Frequently Asked Questions (FAQ)
Q: What does HTX’s discontinuation of on-chain rewards mean for BETH holders?
A: Going forward, BETH staking rewards will no longer be distributed directly on the Heco blockchain. Instead, HTX will credit earnings internally through user accounts. This improves processing speed and reduces dependency on network conditions.
Q: Can I still withdraw assets from HTX using the Heco Chain?
A: No. As of November 21, 2023, HTX has suspended all withdrawal services on the Heco Chain. Deposits may still be possible temporarily, but users should avoid using this network for transfers until further notice.
Q: Will I lose my BETH if I don’t claim back payments?
A: HTX has committed to compensating eligible users for missed rewards. However, it's crucial to maintain an active and verified account to receive these payments. There is no indication that funds will be forfeited, but staying compliant with platform requirements ensures smooth processing.
Q: Why did HTX reduce support for the Heco Chain?
A: Declining usage, rising maintenance costs, and the emergence of more advanced blockchain networks have led HTX to scale back operations on Heco. This mirrors similar moves by other platforms phasing out underutilized sidechains.
Q: Are anchored tokens safe to use on HTX?
A: Yes — anchored tokens supported by HTX are backed 1:1 with their underlying assets. However, always confirm which networks are currently active before depositing or withdrawing to prevent irreversible losses.
Q: How can I stay updated on future HTX service changes?
A: Regularly check HTX’s official announcement page and subscribe to email alerts if available. Following trusted crypto news outlets can also help you stay ahead of major exchange policy updates.
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Final Thoughts
The evolution of HTX’s engagement with the Heco Chain reflects broader market dynamics — innovation accelerates quickly, but sustainability determines long-term viability. From expanding anchored token support in 2021 to suspending withdrawals and centralizing reward distribution in 2023–2024, these changes underscore the importance of adaptability in the digital asset space.
Users must remain vigilant, regularly review exchange policies, and act proactively to manage their portfolios across shifting technological landscapes. By understanding these transitions, investors can protect their assets and make informed decisions in an ever-changing crypto ecosystem.