Huobi Token gains 24% as the exchange says it will operate in Hong Kong
Huobi’s exchange token rose significantly on February 21st.
Huobi Token (HT) saw a 23.7% increase in price in 24 hours. At 1:20 a.m. UTC, the cryptocurrency price hit $6.33, his highest since mid-December.
These increases in value are likely due to Huobi’s plans to start operations in Hong Kong.in the tweet of February 20Huobi said it was “thrilled” about the China region’s upcoming crypto exchange policy. said he was aiming for
Hong Kong regulators began talks today, and the region is likely to legalize cryptocurrency trading this summer.
Huobi has slashed its workforce this year, but plans to expand its business. Around January 6, the exchange laid off 20% of its workforce. The news caused HT to lose about 6% of its value in the following hours.
Huobi serves users in the Asia-Pacific market and is one of the largest cryptocurrency exchanges. His 24-hour trading volume today was $459 million.
Huobi Token first appeared on CryptoSlate, up 24%, as the exchange announced it would operate in Hong Kong.
