Huobi to delist its mining pool token HPT and others

Huobi to delist its mining pool token HPT and others

Huobi suspends trading of its mining pool token HPT and several others starting Dec. 23.

Several tokens, including Huobi’s mining pool token HPT, as well as CNNS, FAIR, GTC, BHD, HOT, YCC, MTN, COL, RIFI, UGAS, TOPC, MONFTER, LET, and XMX, will no longer be traded on the exchange.

According to the announcement, trading these tokens will cease permanently at 08:00 (UTC) on December 23, 2022. In addition, these tokens will no longer be eligible for deposits, but withdrawals will still be offered.

All pending orders for these tokens would be canceled automatically, and the digital assets matching those orders would be credited to the user’s exchange account.

Huobi Global launched in 2013. It is working mostly with Asian markets. In 2017, Huobi was forced to move its cryptocurrency trading services outside of China due to regulatory changes. The company relocated its headquarters to Singapore.

CoinMarketCap lists Huobi as the 15th largest exchange by trading volume. On CoinGecko, it holds 10th place. Its daily trading volume, according to the latter, is around $309 million.

Follow Us on Google News

Read more about

Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile writer and researcher. He has keen interest in blockchain technology, cryptocurrencies, NFTs, Web3, metaverse, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.