After denying the rumors about merging the two companies, Huobi and Poloniex are announcing the strategic partnership.
Huobi, a Seychelles-based cryptocurrency exchange established in 2013, has announced a strategic partnership with Delaware-based crypto exchange, Poloniex.
According to the brief announcement on Huobi’s support page, the two companies will be working hand in hand in various business aspects, including “HT ecosystem development, project connectivity, liquidity sharing, and global compliance.”
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In the announcement, the company highlighted that its partnership with Poloniex aims to make Huobi “the world’s top trading platform” and a customer-trusted business.
Starting December 2022, Huobi Advisory Board will be gathered on the monthly basis to evaluate Poloniex-based projects. The selected top-performing projects will be listed on Huobi. Therefore, chosen projects will receive support from both firms, “accessing tens of millions of users.”
At the end of its announcement, crypto exchange Huobi noted:
Huobi is always committed to promoting the development and prosperity of the industry. We will progressively establish strategic partnerships with excellent partners in this industry moving forward, please stay tuned!
On November 25th, the news broke that Poloniex and Huobi are reportedly planning to merge. The news was first reported in a tweet by Wu Blockchain that allegedly received the news from “sources familiar with the matter.”
The next day, on November 26th, Huobi issued a written statement, highlighting that rumors are “categorically untrue,” adding that “Huobi and Poloniex are operating independently.”
It is worth noting that on November 30th, Huobi also announced the launch of its upgraded affiliate program for influencers. The updated program offers “spot commission up to 50% and futures commission up to 60%.” On top of that, by referring a friend, users can receive up to 30% of the commission.
