Crypto Exchange Huobi Global Founder To Sell 60% Stake At $1B

avatar of @boscohage
1 min read

You wouldn't be surprised to see FTX Founder SBF Sam Bankman-Fried lurking to have a piece of Huobi Global one of the top crypto exchanges. SBF has been on a spree buying failing exchanges, bailing them out of bankruptcy and definitely it would come with a stake. Sam Bankman has been active in crypto verse building a strong ground for himself. Justin Tron Founder Justin Sun is also a contender to buying the stake of the exchange. Both Sam Bankman-Fried and Justin Sun are among investors that have been in talks with Huobi Global Founder Leon Li to sell his majority stake at a valuation between $2 billion to $3 billion. Leon Li would be leaving the room a rich man and the investor that gets Huobi Global has it in his hands to transform it.

There's a part of me that wants FTX boss to add Huobi to be part of FTX acquisitions in the spree that has been on. I can't help but on the otherhand hope the numerous number of exchanges wouldn't weigh his company down. He's proven to be focused and has made a big deal for himself, the confidence of the Bahamian is highly applauded.

Huobi started in 2013 in China and moved to seychelles due to China frowning face on crypto and established it self. Years have gone by and the exchange has done well building its own token Huobi HT that is proved at $5.36 as of writing.

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