Huobi specified that it had excluded HC (Hcash) from its trading platform on account of a breach of Regulation 17 of its Token Management Policies. This particular regulation includes “severe violation of rules or other high-risk situations”. Huobi is presently placed 17th in the world in terms of 24-hour trading volume.
Cointelegraph had previously reported that doubts were arising over the future of the exchange when rumors of layoffs were heard.
On Jan. 11, the cryptocurrency exchange Huobi declared they would be eliminating 33 tokens, such as ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD, and YAM.
Effective Jan. 16, these tokens will no longer be able to be traded and will be eliminated permanently. Huobi explained that most of the tokens broke Section 17, Rule 1, and Section 17, Rule 2, of the Huobi Token Management Rules, which states that an “ST” caution is provided for a token based on a sequence of triggering occasions, including a serious violation of regulations or other high-risk scenarios. In particular, Huobi reported that HC (Hcash) was removed due to it infringing Section 17, Rule 17 of the Huobi Token Management Rules.
At present, Huobi is ranked seventeenth in the world based on total 24-hour exchanging volume. Cointelegraph recently reported that suspicions were increasing about the exchange’s future in light of layoff rumors.