Huobi exchange is making moves in the Middle East and North Africa (MENA) markets with the latest being an entry into the UAE.
The UAE has always been a favourable market for blockchain and cryptocurrencies with the government funding various blockchain projects in the past, hence making it an attactive location for many blockchain investors and companies to set up operations.
Huobi's presence in the UAE will strengthen its presence in not only the MENA region but in subsequent markets they hope to enter in the future.
Huobi Token (HT)
Huobi Token (HT) is an exchange based token and native currency of the Huobi crypto exchange. The HT can be used to purchase monthly VIP status plans for transaction fee discounts, vote on exchange decisions, gain early access to special Huobi events, receive crypto rewards from seasonal buybacks and trade with other cryptocurrencies listed on the Huobi exchange. Website : https://www.hbg.com/ Explorer : https://etherscan.io/token/0x6f259637dcd74c767781e37bc6133cd6a68aa161