Huobi token burn points to increased revenue in Asia

Huobi token burn points to increased revenue in Asia

Huobi, a Singapore-based cryptocurrency exchange that is one of the oldest in the industry, announced today that it has burned some $40.63 million worth of its tokenized equity, illustrating a surge in profitability matched by other large, Asian exchanges. The exchange destroyed 11.3 million “Huobi tokens,” which it sells to customers in exchange for trading perks.