What is Huobi Token (HT) and Its Rise

Key Takeaways:

Huobi Global saw an increase of over 60% in trading volume and an 80% surge in the Huobi Token price in October 2022.

About Capital Management acquired Huobi Global to boost its global expansion efforts and Huobi Global appointed an advisory board.

Huobi Token is the native token of Huobi Global, providing exclusive benefits like trading fees, margin discounts, and access to some trading activities.

Huobi Global is a centralized cryptocurrency exchange established in 2013 (a long time ago by crypto standards), with a relatively good reputation and an extensive user base in Asia. Based on data from CoinGecko at the time of writing, it is 8th by 24 hour volume and there are currently 656 coins and 982 trading pairs available on the exchange. What makes Huobi Global so interesting though, is that it saw an increase of over 60% in trading volume between the 13 and 14 of October 2022.

This article takes a deep dive into Huobi Global, its recent change of leadership, the Huobi token (HT), the rise in the value of HT, and Huobi Tokenomics.

What is Huobi Global?

Established in 2013, Huobi Global is a leading digital economy firm with a mission to bring blockchain technology into the mainstream by integrating it with other industries. It has expanded into the blockchain industry, public chain, cryptocurrency trading and wallet, digital economy research, and more. Huobi Global is licensed for cryptocurrency services in several countries and jurisdictions, including Seychelles, Japan, Singapore, and South Korea.

To get an idea of how Huobi grew, these are some of the key Huobi Global milestones: