Huobi Token (HT) is the native token of the Singapore-based cryptocurrency exchange Huobi. Huobi originally started out in China but eventually expanded outside the country to Singapore, South Korea, and Japan after China’s 2017 cryptocurrency trading ban. Currently, it is one of the most popular cryptocurrency exchanges in the world.
In 2018, the Huobi Group decided to build its own blockchain--appropriately named Huobi Chain. The chain distributed its own exchange ledger while also supporting over-the-counter (OTC) trading and derivatives/futures trading. Tying all these services together is the Huobi Token.
In conjunction with the new blockchain, Huobi Group wanted to make a cryptocurrency to reward its users with lower fees. Hence, the HT token was born. Similar to Binance’s BNB coin, HT offers holders unique VIP rewards and lower trading fees on the platform. In addition, it can also be traded with any cryptocurrency on the exchange and also comes with governance rights for voting.
YouHodler aggregates prices from top centralized exchanges to provide an accurate Huobi Token price and charts.
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