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Cryptocurrency exchanges Poloniex and Huobi join forces

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Huobi announced a association strategic partnership with Poloniex. End of November, Justin Sun stated that 2 cryptocurrency exchanges could merge.

This week, Huobi is associated with Poloniex through a strategic partnership. The exchanges plan to “progressively cooperate in multiple commercial aspects “.

The Huobi platform, acquired by Global Capital in October, cites. collaborations on the development of the HT ecosystemProject connectivity, liquidity sharing and compliance.

“As of December 2022, the. Huobi Advisory Board to evaluate all projects on Poloniex. on a monthly basis. The best performing projects will be the possibility of quoting directly on Huobi “, Huobi said in a statement.

Last week, the founder of Tron Justin Sun, indicatedat The blockthat the two platforms could ” merge in the future “. To which Huobi had replied Rumors that Huobi will soon merge with Poloniex are categorically false.” Despite Huobi’s denial, the announcement of this alliance is not really a surprise.

Sun is closely linked to both companies. It has invested in Poloniex in 2019 and was appointed to Huobi’s board following About Capital’s acquisition of the platform.

Founded in 2013 in China, Huobi is one of the largest stock exchanges in Asia. In comparison, the American Poloniex records lower trading volumes, according to CMC data.

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