Huobi to join BitTorrent Chain ecosystem

The cryptocurrency exchange Huobi will join the BitTorrent Chain (BTTC) ecosystem to contribute to the development of an open financial system.

#Huobi is excited to announce that it will join the #BTTC (BitTorrent Chain) ecosystem & support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.

Details:https://t.co/NwoDgqyYup pic.twitter.com/gYXKaQUe7O

— Huobi (@HuobiGlobal) February 28, 2023

In December 2021, the BTTC solution was launched as a layer-2 protocol for interacting with the networks Ethereum, TRON and BNB Chain. In the current year, the team plans to integrate zero-knowledge proof technology (ZK).

According to the statement, Huobi’s joining the BTTC ecosystem should help further expand the network’s community. The cryptocurrency exchange has over 50 million users worldwide.

In November 2022, Huobi carried out a rebranding and unveiled an updated strategy.   

“It is aimed at serving a broader user base, which means attracting more people to understand and adopt cryptocurrencies and to be included in the new network of virtual assets, thereby ensuring a free flow of value created,” the company said.

Earlier in November 2022, Tron founder Justin Sun did not rule out a merger of Poloniex and Huobi. The latter hastened to refute this statement.

Nevertheless, the two companies established a strategic partnership.