Huobi, which is one of the leading global crypto exchanges in the world, is continuously partnering with big firms to set itself apart from other digital exchanges. As per the latest press release, crypto exchange declared that it has been teaming up with the industry member organization Global Digital Finance (GDF) with the main purpose of building cryptocurrency standards for the international community.
According to the press release, Houbi has joined leading crypto firms such as Circle, Coinbase, Consensys, DLA Piper, Diginex, Hogan Lovells, and R3. All of these sit on the Organization’s Patron Board and Advisory Council.
The patron board as per the press release offers extra support for the GDP, particularly in the development of a broad global strategy besides acquiring new partners.
Moreover, the press release ensures that now co-chairs GDF’s Market Integrity Working Group will help to look after wash trading, market manipulation, and other offensive practices in the crypto industry.
In reply to this, Josh Goodbody, Head of Europes and Americas, Houbi Global sales and Industrial Business, said about the latest collaboration:
“Maintaining the public’s trust that markets are fair and transparent is crucially important if we want our industry to grow.”
Tenna Baker-Taylor, who is Global Digital Finance Executive Team’s Director stated in the press release:
“Integrity and credibility of crypto markets are currently major hurdles for mainstream and institutional adoption of digital assets, as well as a key concern for regulators.”
She continued to describe the broader perspective of the organization :
“The goal of GDF’s Market Integrity Working Group is to devise a set of pragmatic, implementable guidelines that, if adopted by digital asset service providers, will promote a fair, ethical and transparent industry.”
Before a few days, Houbi Thailand, a subsidiary of Houbi has officially secured the country’s fifth license to operate as a fully regulated cryptocurrency exchange in the country.