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Huobi Announces Strategic Partnership with Poloniex

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Cryptocurrency exchange Huobi will establish a strategic partnership with Poloniex in a push to "progressively cooperate in multiple business."

According to a press release, Huobi will evaluate all projects on Poloniex on a monthly basis starting from December 2022. The exchange added that all top performing projects "will stand a chance to be listed directly on Huobi." However, Huobi didn't elaborate on how exactly it would evaluate these projects.

SEC Charges Poloniex $10M Over Operating Unregistered Crypto Exchange

In October, Poloniex investor, Justin Sun, said in an interview with Bloomberg that he owns "tens of millions" huobi tokens (HT), which he started buying back in 2013. Although Sun declined to specify the exact number, he said he was considering himself as "one of the biggest [HT] holders."

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 12/1/2022

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