News- Justin Sun has addressed recent rumors about a potential acquisition of Huobi Global by Binance.
- Sun’s statement puts to rest any speculations about a possible acquisition.
- Sun clarified that he had not offered Binance CEO Changpeng Zhao any offer.
Tron founder Justin Sun has taken to Twitter to address recent rumors regarding a potential acquisition of Huobi Global by Binance. In a tweet, Sun clarified that he had not proposed any offer to Binance CEO Changpeng Zhao (CZ) regarding the purchase of Huobi Global, nor have they discussed Huobi in the past week or so.
We have always regarded @binance as one of our most important partners and will continue to work closely with them on all levels. However, I must point out that in the past week or so, I have not proposed any offer to @cz_binance regarding the purchase of @HuobiGlobal , nor have… https://t.co/S1aXSlZoNv
— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 5, 2023
Sun emphasized that Binance has always been one of their most important partners, and they will continue to work closely with them on all levels. The statement comes in response to recent rumors that Huobi Global was in talks with Binance regarding a potential acquisition of Huobi’s stake.
The development follows rumors circulating in the cryptocurrency community that Binance, the world’s largest cryptocurrency exchange, had shown interest in acquiring Huobi Global due to its connections to mainland China. Binance aims to avoid any associations with mainland China, which has fueled speculation about a possible acquisition.
Expansion Plans of Huobi Global
Justin Sun had previously announced his plans to launch a new Huobi Hong Kong cryptocurrency exchange under the Huobi Globe brand. This move aims to expand the Huobi brand and establish its presence in new markets while adhering to cryptocurrency regulations.
With the launch of Huobi Global in Hong Kong, it is evident that Sun is committed to comply with cryptocurrency regulations and promote the growth and acceptance of digital assets. Moreover, Sun’s recent statement has dismissed any speculations about Binance acquiring Huobi Global, emphasizing the strong relationship between Tron, Huobi Global, and Binance.
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Source: https://thenewscrypto.com/justin-sun-denies-rumors-of-huobi-global-acquisition-by-binance/