2 years ago
Huobi’s speech token experienced important gains connected Feb. 21.
Huobi Token (HT) saw a 23.7% summation successful worth implicit 24 hours. At 1:20 a.m. UTC, the cryptocurrency was priced astatine $6.33, its highest worth since mid-December.
Those gains successful worth are apt owed to Huobi’s plans to statesman operating successful Hong Kong. In a tweet connected Feb. 20, Huobi said it is “stoked” astir the Chinese region’s upcoming crypto speech policies. Huobi said it aims to unafraid a licence and beryllium among the archetypal exchanges to run successful the portion successful compliance with section regulations.
Earlier today, Hong Kong regulators opened a consultation that volition apt spot the portion legalize cryptocurrency trading this summer.
Huobi plans to turn its concern adjacent though it downsized its workforce importantly this year. Around Jan. 6, the speech laid disconnected 20% of its staff. That quality caused HT to suffer astir 6% of its worth successful the pursuing hours.
Huobi serves users successful the Asia-Pacific marketplace and is among the largest cryptocurrency exchanges. Its 24-hour trading measurement was $459 cardinal today.
The station Huobi Token gains 24% arsenic the speech says it volition run successful Hong Kong appeared archetypal connected CryptoSlate.
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