Huobi Has Denied The Reports That It May Merge With Poloniex
Huobi, a cryptocurrency trading platform, has dismissed reports that it will merge with Poloniex as “categorically wrong.”
Colin Wu announced that the two exchanges would merge, a rumor that was later bolstered by Justin Sun.
The creator of the Tron network, Justin Sun, is connected to both markets. He was a member of the investment group that in 2019 bought Poloniex and is now an advisor to Huobi.
“Huobi will not be merging with Poloniex as has been reported; we want to set the record straight ” The exchange stated in an official email.
Now that they’ve split apart, the two firms can focus on their respective businesses.
According to Sun, Huobi Global, one of Asia’s major crypto platforms, is preparing a transfer to the Caribbean, with Dominica, Panama, and the Bahamas as the frontrunners. The exchange was formed in China in 2013.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Author
News
Huobi Has Denied The Reports That It May Merge With Poloniex
Huobi, a cryptocurrency trading platform, has dismissed reports that it will merge with Poloniex as “categorically wrong.”
Colin Wu announced that the two exchanges would merge, a rumor that was later bolstered by Justin Sun.
The creator of the Tron network, Justin Sun, is connected to both markets. He was a member of the investment group that in 2019 bought Poloniex and is now an advisor to Huobi.
“Huobi will not be merging with Poloniex as has been reported; we want to set the record straight ” The exchange stated in an official email.
Now that they’ve split apart, the two firms can focus on their respective businesses.
According to Sun, Huobi Global, one of Asia’s major crypto platforms, is preparing a transfer to the Caribbean, with Dominica, Panama, and the Bahamas as the frontrunners. The exchange was formed in China in 2013.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Other Posts
Related Posts
Latest
Solana DEX Trading Volume Hits $5B Daily for Three Straight Days
Phantom iOS Users Lost Recovery Phrase After Updating to New Version
Press Release
Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success
Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge
