Justin Sun sets up $100M Huobi liquidity fund following HT flash crash
Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9.
Huobi Token
Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9.
Following the event, Justin Sun said that the focus will be to further improve the multi-currency liquidity of Huobi.
The Huobi token (HT) flash crashed a few hours ago but has since made a quick recovery as Justin Sun blamed ‘market behavior.’
Huobi crypto exchange’s native token HT (CRYPTO: HT) was down over 18% on Thursday evening, following wild swings earlier in the day. What Happened: At 3:45 pm EST, HT was…
Huobi, the 17th largest crypto exchange, has seen its native token collapse by 90% in a flash crash during Thursday trading.
Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% on Thursday for reasons that are unclear.
Popular cryptocurrency exchange Huobi Global will apply for a trading license in Hong Kong, the exchange’s advisor, Justin Sun, announced on Twitter on 20 February.
Key Points: Huobi recently reduced 20% of its workforce, but it will now generate an additional number of employees it has in Hong Kong, from 50 to 200.
Huobi’s exchange token experienced significant gains on February 21.
Could China be warming up to crypto exchanges?