Huobi Token gains 24% as the exchange says it will operate in Hong Kong

Huobi exchange tokens recorded a significant surge on February 21.

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 the tweet of February 20Huobi said it was “thrilled” about the China region’s upcoming crypto exchange policy. said to be aiming for

Hong Kong regulators began talks today, and the region is likely to legalize cryptocurrency trading this summer.

Huobi has significantly cut its workforce this year, but plans to grow 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.

The post first appeared on CryptoSlate, claiming that Huobi token has risen by 24% as the exchange announced that it will operate in Hong Kong.

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