Due to rising uncertainty, the global crypto market is experiencing increased selling pressure. Huobi Token (HT), however, has been separating from market sentiments. The latest announcements by Justin Sun, Huobi global and Huobi global are the driving force behind the HT price rise.
Huobi plans to expand
Huobi Global has launched a new branding strategy. Justin Sun announced in a press conference that Huobi Global would be renamed Huobi. The Chinese name of Huobi Global will also be changed. This will be done to remove the name of Li Lin, the original founder.
This is the first decision made by the board since the acquisition of About Capital Buyout Fund last week. Huobi will soon establish a presence within the Caribbean region, according to the release. This region is a virtual asset hub and welcomes regulatory policies.
It also stated that it will be looking to increase its investments in Southeast Asia and European countries. The crypto exchange will explore strategic mergers and acquisitions.
In the last 24 hours, Huobi Token prices have risen by 13%. HT has been the largest gainer of the top 100 cryptos. At press time, Huobi Token trades at an average price $4.95. The 24 hour trading volume of Huobi Token has increased by 57% to $21.11 Million.
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Bitfinex to list High-Tech Television
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