Huobi’s alternate token skilled vital good points on Feb. 21.
Huobi Token (HT) noticed a 23.7% enhance in worth over 24 hours. At 1:20 a.m. UTC, the cryptocurrency was priced at $6.33, its highest worth since mid-December.
These good points in worth are probably on account of Huobi’s plans to start working in Hong Kong. In a tweet on Feb. 20, Huobi stated it’s “stoked” concerning the Chinese language area’s upcoming crypto alternate insurance policies. Huobi stated it goals to safe a license and be among the many first exchanges to function within the area in compliance with native laws.
Earlier right now, Hong Kong regulators opened a session that can probably see the area legalize cryptocurrency buying and selling this summer season.
Huobi plans to develop its enterprise although it downsized its workforce considerably this 12 months. Round Jan. 6, the alternate laid off 20% of its workers. That information brought on HT to lose about 6% of its worth within the following hours.
Huobi serves customers within the Asia-Pacific market and is among the many largest cryptocurrency exchanges. Its 24-hour buying and selling quantity was $459 million right now.
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