[From Risk Resistance to Capturing Alpha: Understanding Huobi HTX's Q1 'Offense and Defense Strategy' and Wealth Effect in One Article] Huobi HTX 2026 Q1 Report: Amid the bear market, cumulative registered users surpassed 59 million, with first-listed assets accounting for over 53%. A BTC reserve ratio of 101% highlights fund security. The platform expanded into traditional financial contracts such as gold and crude oil and launched Earn products with up to 15% annualized returns, evolving from a single exchange into a comprehensive financial terminal.