Exchange Union has announced that it has attracted the attention of some of the leading exchanges in China in support of its ‘Universal token’ for cross-platform trading. Exchange Union is a new focus for Huiyin Blockchain Venture Founder James Wo, who plans to bridge exchanges via a new inter-exchange trading token XUC. Exchange Union will act as a clearing house for exchanges, bringing them extra revenue whilst traders can take advantage of price differences between platforms, moving funds between them.
Sathvik Vishwanath, co-founder of Indian digital currency exchange Unocoin has stated support for the project. Coinhako, one of the major digital currency wallets in Singapore, also values the project. Yusho Liu, co-founder of Coinhako, said that he began seeking cooperation with global, high quality ICO projects and it was Exchange Union that attracted his attention. Liu noted the strength of Exchange Union’s credible core members and reputable advisors. During the preparation period of Exchange Union, David Lee, co-founder and CEO of CHBTC, contacted Wo directly to show his interest in the project stating that he would do his best to support Exchange Union.
Vishwanath remarked: “Exchange Union is a great project in terms of business model, core members and advisors. I believe that forward-looking companies would seek the opportunity to cooperate with Exchange Union. The development of Exchange Union will definitely have profound impact on global digital currency industry and we will keep supporting them.”
The first batch of Exchanges in the Union will sign agreements this December. Exchange Union will make important contribution to bridging the gap between exchanges globally. As a universal digital currency, XUC will be traded across exchanges in the Union. This project will be launched on the largest ICO platform Token Market, starting from 9:00pm on the 7th August 2017, Beijing time. Funds raised will be used for technique development, strategic investment (acquisitions and subscriptions of digital currency exchanges related shares and tokens) operation marketing and launching fees.