Gala Games and Huobi Global Partners for Project Development 

• Huobi crypto exchange has a user base of over 10 million. 
• The crypto exchange offers to trade more than 550 digital currencies. 

Huobi exchange informed its 1.4 Million Twitter followers about its partnership with Gala Games on March 31. The exchange in the post said, “ Together, we will cooperate in the investment and listing of high-quality projects, including Layer 1 integration, co-branding & community development.” 

Huobi Global, one of the leading crypto exchanges, announced its strategic partnership with blockchain-based play-to-earn Gala Games. The crypto exchange is among the top 20 leading crypto exchanges in the entire market. According to Jason Brink, President of Gala Games, strategic collaboration is an essential step towards the mass adoption of Layer 1 of the Gala. 

Earlier on March 28, TheCoinRepublic reported that Huobi Global is planning to relocate its Asia headquarter from Singapore to Hong Kong and is ready to file for VASP License (Virtual Asset Service provider). 

In early 2023, Huobi announced that it is also planning to launch its Visa-backed crypto-to-fiat debit card with the aim to make the conversion more smooth and easy to use. The exchange plans to launch its debit probably by the second quarter of 2023. 

At press time Gala token was trading at $0.04092 with a 24-hour trading volume of $108,778,107.  In the last 52 weeks, the highest traded at $0.277, and the lowest traded at $0.01658.  

The Gala token hit an all-time high of $0.8367 on November 26, 2021, and the lowest trading price of all time is $0.000151. According to CoinMarketCap, at present, the token is trading at 95.11% lower than its all-time high. 

It is important to note that in the last 24-hour trading volume of the Gala, the token declined over 17% although in the same time frame token soared as high as 2.50%. It is currently ranked 129th as the most reliable token in the list of 23k tokens. 

At press time native token of Huobi Global exchange HT token was trading at $3.65 with a 24-hour trading volume of  $7,972,540. HT token declined over 30% in monthly trading sessions.  

In trading of 52 weeks HT token highest traded at $9.9087 and lowest traded at $1.8380. The all-time high of the HT token is $39.81 which is 90% higher than the current trading prices.

What is Gala Games? 

Gala Games was co-founded by Eric Schiermeyer with the help of several other blockchain and gaming experts in 2019. Eric, an essential part of the Gala Games development community, also developed Zynga Poker, Farmville, and Mafia Wars.

These games were major projects of Eric which became popular soon after their release in the gaming industry. According to authentic data sources, Gala Games have more than 100 game developers. 

Gala Games is working hard to expand its services in several other fields like the Music and Film industry.    

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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