Coinspeaker
Huobi to Establish Crypto Exchange in Hong Kong, Applies for License, HT Token Is Up
Huobi token (HT) has experienced an 18% surge following Huobi’s application for a crypto trading license in Hong Kong. The HT token traded at $6.1 as of press time, the first time since last October following Justin Sun’s appointment as a general advisor.
Earlier today, Sun took to Twitter to make the high-profile Hong Kong application announcement which read:
“Big news for crypto today: @HuobiGlobal has announced that it’s applying for a crypto trading license in Hong Kong! This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner.”
In addition to the Hong Kong license, Sun also revealed that Huobi plans to launch an exchange in Hong Kong. As he put it:
“In addition to the licensing news, Huobi is also launching a new exchange in Hong Kong, aptly named Huobi Hong Kong. The exchange wil
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