Huobi to Gradually Expel Its China Users in Wake of Ban; Token Slides to 8-Month Low

Huobi to Gradually Expel Its China Users in Wake of Ban; Token Slides to 8-Month Low

Prominent crypto exchange Huobi Global announced on Sunday that it would stop serving existing China-based users by the end of this year, sending its native cryptocurrency Huobi Token (HT) to eight-month lows.

“Huobi Global will gradually retire existing Mainland China user accounts by 24:00 (UTC+8) on Dec 31, 2021, and ensure the safety of users’ assets,” the exchange’s official statement published early today said. “We will inform users of the specific arrangements and details through official announcements, e-mails, text messages, etc.”

The exchange had already suspended new…

Read More…