Huobi Might Get a New Owner, FTX Among Potential Buyers – Report

Huobi Might Get a New Owner, FTX Among Potential Buyers - Report
Source: Adobe/piter2121

Huobi Group founder Leon Li is in talks to promote his roughly 60% stake on this main crypto change, whereas Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX change are being talked about amongst those that’ve had preliminary contact with Huobi.

In the deal, which could possibly be accomplished as quickly as the tip of this month, Li is searching for a valuation of between USD 2bn – USD 3bn, which means a sale may fetch upwards of USD 1bn, Bloomberg reported, citing undisclosed “folks accustomed to the matter.”

A Huobi spokesperson confirmed that the talks are ongoing, whereas an FTX spokesperson declined to remark, and Sun instructed Bloomberg that he hasn’t had any negotiations with Li about a sale.

“[Li] hopes that the brand new shareholders will likely be extra highly effective and resourceful, and that they may worth the Huobi model and make investments extra capital and power to drive the expansion of Huobi,” the spokesperson of Huobi was quoted as saying.

Trading quantity on Huobi surpassed USD 1bn prior to now 24 hours, per CoinGecko information.

Trading quantity on Huobi prior to now yr:

1660294704 70 Huobi Might Get a New Owner FTX Among Potential Buyers
Source: CoinGecko

____

Compiled by Coinbold

5/5 - (100 votes)