HTX Launches EDGEN (LayerEdge) Spot Trading Pair with USDT on June 2, 2025
Cryptocurrency exchange HTX (formerly Huobi) will launch the EDGEN (LayerEdge) token for spot trading against USDT on June 2, 2025, at 18:30 (GMT+8). Deposits for EDGEN opened on June 1, while withdrawals will be enabled from June 4. LayerEdge is a decentralized verification layer built on the Bitcoin network, aiming to provide scalable, cost-efficient, and secure zero-knowledge proof validation as an infrastructure for off-chain computations. LayerEdge leverages a multi-layer security architecture to combine Bitcoin-level security with improved scalability, addressing the typical throughput limitations of Bitcoin. The EDGEN token listing on a major exchange like HTX enhances its visibility and accessibility for traders. This move signifies increased support for decentralized, Bitcoin-linked infrastructure projects and may draw attention to the growing adoption of zero-knowledge technologies and verification layers in the crypto space.
Bullish
The launch of a new cryptocurrency (EDGEN) on a major exchange like HTX, especially with its close links to Bitcoin and advanced zero-knowledge technology, typically generates heightened trader interest and positive sentiment. New listings often increase trading volumes, liquidity, and price volatility as traders seek early opportunities. The connection to Bitcoin network enhancements and scalable verification solutions may attract long-term investors focused on infrastructure projects. Historically, similar token launches on large platforms have led to short-term price surges and upticks in related sector tokens, especially as users speculate on initial price discovery and momentum.