The Huobi token is utility token for the Huobi crypto exchange that is one of the largest crypto exchanges of the world. As of April 2020, Huobi has over $70,000,000 USD of liquidity making it the 4th most liquid exchange. The exchange also has a wide range of crypto offerings and sports ~1,000,000,000 USD of 24 hour trade volume. The token utility is derived from the success of the exchange. Although the exchange is not available in the US, the exchange is popular in many other countries.