After dismissing speculations that the two companies were considering a merger, cryptocurrency exchange <a href="https://www.cryptoknowmics.com/news/huobi-partners-with-tron-network-to-establish-first-national-token-dmc">Huobi</a> announced a week later that it would create a strategic <a href="https://www.huobi.com/support/en-us/detail/44924125781502" target="_blank" rel="nofollow noopener">partnership</a> with <a href="https://www.cryptoknowmics.com/news/poloniex-renames-ethw-as-ethereumfair-etf-resumes-etf-trading">Poloniex</a>.

https://twitter.com/HuobiGlobal/status/1597924309934247936
<h2>Huobi Strategic Partnership With Poloniex</h2>
According to a statement released by Huobi on Wednesday, the two exchanges will gradually make a strategic partnership in many organizational functions like HT ecosystem growth, project connection, liquidity pooling, and worldwide compliance, pledging to construct the globe's highest trading platform and earn the confidence of consumers. The native token of the Huobi network is called HT.

The <a href="https://www.cryptoknowmics.com/news/cryptocurrency-exchange-huobi-global-unveils-advisory-board">advisory board</a> of Huobi will take into account the best-performing Poloniex projects for a direct listing on Huobi. This year, there have been a lot of developments in the Chinese exchange. In June, it opened an investment division. Leon Li, a co-founder, said in August that he was selling his stock. Furthermore, in October, Hong Kong-based <a href="https://www.cryptoknowmics.com/news/huobi-global-to-be-acquired-by-about-capital-management">About Capital</a> acquired a majority stake in Huobi. In early November, it dismissed rumors of several cutbacks and resignations.
<h2>Creation of an Affiliates Program For Influencers</h2>
According to reports, Huobi intends to move its corporate headquarters to the Dominican Republic. Huobi announced it was upgrading its influencer affiliate program on the same day as the acquisition announcement, giving spot commissions of up to 50% and futures commissions of up to 60%. Huobi Global, one of Asia's biggest <a href="https://www.cryptoknowmics.com/news/crypto-volatility-leads-to-termination-of-over-60-coinbase-employees">cryptocurrency marketplaces</a>, was established in China in 2013.

Huobi Announces Strategic Partnership with Poloniex

After refuting rumors that the 2 companies considering a merger, Huobi announced a week later that it would create a strategic partnership with Poloniex.

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Huobi Announces Strategic Partnership with Poloniex

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