Justin Sun Denies Trying to Sell Huobi: Valuable Partner With Binance

7. April 2023 Aus Von admin

• Justin Sun has denied trying to sell Huobi, despite reports of a potential deal with Binance.
• Sun called Binance a valuable partner but insisted he had made no offer to sell the exchange.
• Sun and Huobi have been in contact for some time, but the nature of their relationship remains unclear.

Binance-Huobi Deal: Justin Sun Denies Trying to Sell Exchange

Justin Sun, founder of Tron and CEO of Huobi Global, has denied reports that he was looking to sell the exchange.

Last week it was reported that Huobi was in talks with Binance over a potential sale. However, Sun took to Twitter on Tuesday evening to deny these allegations.

Sun Calls Binance a Valuable Partner

In his tweet, Sun said „Binance is a valuable partner“ but insisted he had not tried to sell the exchange.

„I have not offered any proposal or negotiation [to] Binance,“ he added.

Sun and Huobi in Contact for Some Time

Although no details were given about what kind of business relations exist between the two exchanges, it is known that they have been in contact for some time.

Binance Acquiring Product Lines from Other Exchanges

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Binance has been on an acquisition spree lately, buying product lines from other exchanges such as CoinMarketCap and WazirX.

Sun Continues To Deny Sale Reports

> < p > The continued speculation about Huobi’s sale prompted Sun to issue another statement on Wednesday morning reiterating his denial of any negotiations with Binance . He also stated that he would never do anything to harm the interests of his customers .