On Wednesday the 7th of November, Huobi Group CEO Leon Li and COO Robin Zhou, met with Gemini founders Tyler and Cameron Winklevoss. The topics of discussion were the effects of stablecoins, global strategy and jurisdiction and potential options to bridge the gap between the Eastern and Western crypto communities. Huobi Group has various digital asset exchanges in their business portfolio, like Huobi Global and Huobi Next, while Tyler and Cameron Winklevoss operate U.S. based digital asset exchange Gemini.
Tyler and Cameron Winklevoss
As early Bitcoin adopters, Tyler and Cameron Winklevoss became well-known in the U.S. for their lawsuit against Facebook founder Mark Zuckerberg. The Winklevoss brothers claimed they came up with the idea of a social network and their college roommate Mark Zuckerberg allegedly ‘stole’ the idea and started Facebook. The lawsuit inspired the storyline of the 2010 Hollywood movie ‘The Social Network’. Tyler and Cameron settled the Facebook lawsuit and walked away with 65 million dollars. Fun fact, they invested 11 million dollars of the settlement money into Bitcoin, when the coin was worth $120,- a piece (2013).
Seeing the potential of Bitcoin and other cryptocurrencies the brothers founded Gemini, a digital asset exchange that services users from the U.S. Just last month, the brothers announced they were launching an ERC20 based stablecoin called the Gemini Dollar (GUSD).
Gemini founders Tyler and Cameron Winklevoss and Huobi CEO Leon Li
Meetup
The Winklevoss twins travelled to Beijing to meet with Huobi executives to talk strategy and discuss potential collaboration projects. This is a great way for Huobi to connect with a U.S. based digital asset exchange management team and find out how they run their business. Collaborations between industry professionals may result in new insights and ideas to grow the business.
During the interview Leon Li stated ‘Huobi wants to build a bridge between US and China in the crypto space’. Leon Li also mentioned: ‘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 and financial services in China to the world.’ Huobi intends to pursue further collaboration between Huobi and Gemini.
Huobi accelerated its expansion plans this year and is trying to achieve its ultimate goal of creating a global presence in the digital asset industry.
My personal opinion
In my opinion Huobi Group has various projects and products that can make a difference in bridging East and West. Huobi’s own stablecoin solution HUSD can be launched on other exchanges besides Huobi Global and Huobi NEXT. The HUSD option will reduce the risk of users when hedging from Bitcoin or any other cryptocurrency into a temporary stablecoin solution.
Huobi OTC will also be a great asset to cryptocurrency traders in the US. Regular offline OTC trading, which can be kind of shady for traders trying to buy or sell large quantities of cryptocurrencies. Huobi offers a free OTC platform where buyers and sellers can safely trade crypto OTC. Huobi acts as an intermediary between both parties. After an agreement has been reached between buyers and seller the funds will be sent.
All the products and services that Huobi offers contribute to its ability to become the worlds’ biggest cryptocurrency trading platform. I am excited for Huobi and look forward to seeing them grow even more.
If you do not have a trading account on Huobi Global yet, you can sign up using this link.
Disclaimer: This article is not intended as investment advice. It is just my personal opinion about Huobi. You should always do your own research #DYOR. Huobi Global incentivizes me for writing this article and encourages me to express my own opinions.
Subscribe to my channels: Medium, Twitter and Steemit if you enjoy my articles and would like to be informed about blockchain, cryptocurrency projects, and news. You can also read my articles on LinkedIn.
CryptoShowdown
#Huobi And #Gemini #Discuss #Synergy To #Bridge #East And #West