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Huobi joins GDF as patron

Global Digital Finance (GDF) – the industry membership body promoting the adoption of best practices and conduct standards for crypto and digital assets – has today announced Huobi as a patron member.

Huobi will join GDF’s Patron Board and the Advisory Council alongside global crypto-assets leaders Circle, Coinbase, ConsenSys, DLA Piper, Diginex, Hogan Lovells, and R3 as well as founding members 11:FS, Archax, Bandman Advisors, Cambrial, CryptoCompare, Elipses, Messari, Metaco, Radix, Solidus Labs, Steptoe & Johnson LLP, and Templum Inc.

The board supports the GDF organisation in the development of its global strategy and by growing the community membership of firms who wish to adhere to GDF’s code of conduct.

As a patron member, Huobi now co-chairs the GDF Market Integrity Working Group alongside Solidus Labs. As part of its duties, the working group is developing principles and best practices in the prevention of market manipulation.

Welcoming Huobi to the board, Teana Baker-Taylor – executive director of GDF – said the move was a step forward for the membership body.

“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 said.

“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.”

Market integrity

Huobi’s new delegate on the GDF Patron Board – CFO Chris Lee – said he was looking forward to contributing to the pursuit of market integrity.

“As a patron member of Global Digital Finance, Huobi is honoured and delighted to work with top institutions all over the world,” he said.

“Through our efforts, we have infinite faith in promoting the development of this industry while addressing major issues surrounding mark...

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