Huobi Token, (HT), the native cryptocurrency of Huobi Global, spiked by 18% after Justin Sun announced that he would be taking an advisory role on the exchange.
The newly announced Global Advisory Board will guide the company’s business activities and expand plans. It will also receive a new investment.
Huobi made the announcement of the creation of the new unit on October 9th and invited industry leaders to join. Justin Sun, a Chinese entrepreneur and founder of TRON Foundation, was one of those invited to join Huobi. He said he was honored to be there and described the exchange as “innovative and vibrant” in his latest chapter of global growth. In a tweet, however, the American rejected the idea. The price of the token jumped from $4.25 to $5.2 per day, marking its highest point since August. Huobi also announced that it would stop offering derivative trading services to New Zealand-based users two months later. This was due to its inability to resolve its domestic regulatory issues.
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