Huobi Global, one of the world’s leading digital asset exchanges, today announced that it burned three million Huobi Tokens (HT) in September, valued at approximately $38.88 million. Huobi Global has burned $582 million in HTs between January and September of this year.

The latest monthly operations report from HT shows that the average price for HT was 12.94 USDT, and that the September deflation rate was 1.29%. There were 171.77 millions HTs in circulation as of October 15, 2021.

“We’re happy to see HT maintain the high deflation trend over previous months. It has largely been realized thanks to our global expansion efforts.”
Jeff Mei, Huobi Global’s Director of Global Strategy.

We are looking to provide more services to our international customers by hiring talented local talent around the globe and aim for global headcounts of at least 3,000 in this year’s fiscal year.
Derivatives Product

Huobi Global continues its global expansion by launching numerous products and initiatives.

Huobi Global’s Huobi Derivatives Warrant was launched on September 3. This allows traders to select multiple options that correspond to market conditions. Huobi Derivatives Warrant is a new option that allows traders to maximize their upside potential without having to risk significant capital.

Huobi currently lists 121 USDT-margined Swap assets. 103 support cross-margin and include popular assets like NFT, DeFi, and

Huobi user engagement and events

Huobi Global launched special trading events that offer generous rewards for its members. Huobi Earn is a flexible fixed-deposit product of HT that offers a return rate up to 3.00% annually.

Huobi’s #ShapeHuobi campaign was launched in July. This campaign sought user feedback about its trading exchange and received 2,067 suggestions. Huobi made improvements to its trading platform in September based on the suggestions. As rewards, Huobi Tokens were given to users who submitted suggestions. On November 15, a new round will be launched.

When it comes to platform improvements, we take your suggestions seriously. We added French and Italian to our platform in August for users who live there. In October we launched the Huobi mobile application with a P2P advertising feature that allows users to place ads anywhere, anytime. Our users should know that your suggestions and support are important to us.
Jeff.

Huobi Primepool

In September 2021, the third and fourth Primepool events launched. The events were attended by nearly 76,000 participants from 106 different countries. Primepool events offered huge mining rewards and increased the demand for Huobi Tokens. Statistics show that HT holders increased about 2% during the second quarter.

We will be launching many 8th anniversary events to show our appreciation to our users for their support throughout this journey. Our users are likely to be delighted when they join our events, and receive their rewards.
Mei.

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