Huobi Chiefs Meet Winklevoss Brothers to Formulate Global Crypto Expansion Strategies

It seems as if the Huobi and Gemini cryptocurrency exchange platforms will continue working together for the foreseeable future. This follows a meeting two of Huobi's top executives and the Winklevoss brothers, the founders of the Gemini trading platform. The two were chief executive officer Leon Li and chief operations officer Robin Zhu. The primary agenda of the meeting was stablecoins and enhancing relations within the US and Chinese cryptocurrency industries.

According to Leon, the two platforms want to eradicate the inconsistencies that are preventing the US and Chinese crypto space from operating in sync. Precisely, Li mentioned that Huobi is working to introduce American crypto assets to the Chinese market. In exchange, Gemini will assist in marketing the services and products developed by Huobi to other parts of the world.

Additionally, Leo stressed the importance of strengthening their partnership with Gemini. In this regard, the two companies have a good history of collaborations on various fronts. The most recent deal involving the two is the listing of the Gemini Dollar (GUSD) stablecoin on the Huobi trading platform. As expected of a stablecoin, GUSD is backed by fiat currency reserves, in this case, the US dollar. GUSD is also accessible from the Huobi digital wallet.

In addition to Gemini Dollar, the Huobi exchange also added other stablecoins such as True USD, Paxos standard and USD Coin. Furthermore, Huobi also created a stablecoin solution through which users can access all of their stablecoin holdings on a single platform.

The representatives from Huobi indicated their admiration for GUSD and expressed hope that it would increase trading activity on the Huobi exchange. On the other hand, the Winklevoss brothers were more interested in embracing the global expansion plan suggested by Huobi, with a particular focus on the Japanese and Korean markets.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide