Bridging the gap between crypto communities is very important in the cryptosphere. This has lead two leading cryptocurrency exchange operators to discuss on global synergy. The CEO of Huobi Group Leon Li and COO Robin Zhu recently met with Cameron and Tyler Winklevoss Co- Founders of Gemini in Beijing on November 7th. The two operators discussed on constructing a bridge connecting crypto communities in the east and west.
The two prominent operators were also keen on stablecoins and building a flatter global economy. Leon explained the aim of the meeting saying, “Huobi wants to build a bridge between the US and China in the crypto space.” He added, “There are a lot of good digital assets and products around the world, especially in America, and we want to bring them to China. We also plan to bring more awareness about Huobi’s digital assets and financial services in
China to the world.” Leon is also hopeful that there would be further cooperation between Huobi and Gemini.
The Gemini Dollar (GUSD) was incorporated by the Huobi Group last month. Leon and Robin were impressed by GUSD’s stability and its advantages as a stablecoin. The two party run prominent international exchanges and explained the benefit of listing GUSD within HUSD to millions of Huobi Global and Huobi Cloud traders. Huobi has also incorporated True USD (TUSD), Paxos Standard Token (PAX) and USD Coin (USDC) into its stable coin solution, HUSD. The parties spoke on how listing GUSD within HUSD allows millions of Huobi Global and Huobi Cloud traders exposure to it.
Huobi is the world’s fourth largest crypto exchange and a synergy with Gemini will create a bridge for U.S residents to gain access to Huobi’s products. Companies can open their exchange based on Huobi’s model called the Huobi cloud. U.S. residents can also gain access to Huobi’s OTC for over the counter trades.
More traders in the West are yearning for discounted transaction fees, this synergy between Huobi and Gemini will offer the Western markets reduced transaction fees with Huobi’s OTC or Huobi PRO.