Huobi’s exchange token experienced significant gains on Feb. 21. Huobi Token (HT) saw a 23.7% increase in value over 24 hours. At 1:20 a.m. UTC, the cryptocurrency was priced at $6.33, its highest value since mid-December. Those gains in value are likely due to Huobi’s plans to begin operating in Hong Kong. In a tweet on Feb. 20, Huobi said it is “stoked” about the Chinese region’s upcoming crypto exchange policies. Huobi said it aims to secure a license and be among the first exchanges to operate in the region in compliance with local regulations. (cryptoslate)
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