HiBT was named Best Global Event Contracts Exchange at the Global Onchain Awards in Singapore. The recognition came from a closed jury comprising executives from banking, asset management, and digital custody sectors. This award highlights HiBT's specific focus on Event Contracts, which are currently among the fastest-growing market segments. Originally founded as HotsCoin in Canada in 2021, the platform now serves over 3 million users globally with a team of more than 200 professionals.
The exchange offers a broad product range including spot trading, derivatives, wealth management, and quant tools alongside Event Contracts. HiBT maintains strict compliance standards, holding MSB registrations in both Canada and the United States to adhere to anti-money laundering laws. Its Event Contracts allow users to trade predefined market outcomes for assets like Gold, BTC, and ETH without leverage or margin requirements. The system provides transparency by displaying duration, direction, payout rates, and estimated returns before order placement.
The award signifies institutional validation for event contracts as a distinct asset class rather than a peripheral feature. By integrating these contracts into its core business model with the same execution quality as traditional assets, HiBT addresses a gap in market structure where such products were often treated as secondary offerings. The involvement of a jury from banking and custody sectors suggests that regulators and established financial institutions are increasingly acknowledging the operational legitimacy of this segment.
A key development is HiBT’s API-first approach, announced on July 31, 2026, making it the first exchange to open API access for Event Contracts. This move facilitates integration with external quantitative platforms like OKQuant, signaling a shift toward automated and professionalized trading workflows. The Early Sell feature further enhances risk management capabilities, allowing users to limit losses before settlement. These technical advancements indicate that the market is maturing beyond simple retail speculation toward sophisticated institutional adoption.