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Huobi’s change token skilled vital positive aspects 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 positive aspects in worth are doubtless because 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 change 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 rules.
Earlier as we speak, Hong Kong regulators opened a session that may doubtless see the area legalize cryptocurrency buying and selling this summer season.
Huobi plans to develop its enterprise regardless that it downsized its workforce considerably this 12 months. Round Jan. 6, the change laid off 20% of its workers. That information induced 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 as we speak.
The submit Huobi Token positive aspects 24% because the change says it should function in Hong Kong appeared first on CryptoSlate.
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