• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

New proprietor of Huobi exchange unveiled

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

After considerably speculation, cryptocurrency exchange Huobi mentioned it had finished the transaction of transferring ownership to a new unit.

Huobi is approved by the Japanese Regulatory Authority for the supply of derivative products
New proprietor of Huobi exchange unveiled

According to an announcement launched on October eight, cryptocurrency exchange Huobi has reached an agreement to transfer ownership to the Hong Kong-based mostly investment fund About Capital Management.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
NFT exchange LooksRare launches minigames with token burning mechanism

NFT exchange LooksRare launches minigames with token burning mechanism

November 25, 2023

Specifically, the bulk shareholder of Huobi Global (the mother or father enterprise of Huobi Exchange), founder Leon Li, has agreed to transfer all 60% of the shares to About Capital. Although the worth of the deal has not been unveiled, the leaked facts says that Mr. Leon Li will inquire for up to $ one billion for his shares.

Announcement: “Huobi Global Major Shareholder Completes Share Sale”https://t.co/AWpywO239n pic.twitter.com/EUMZo6qJOE

– Huobi (@HuobiGlobal) October 7, 2022

Huobi mentioned the transform in ownership will have no influence on the small business and management staff of the exchange.

The exchange unveiled that just after modifying owners, the exchange will have a system to market the new brand in the worldwide arena and broaden its small business pursuits to regain a aggressive benefit.

Huobi is the exchange most impacted by China’s cryptocurrency ban in September 2021. This determination is mentioned to have rendered Huobi unable to reply when it misplaced all its customers from the nation of billions, with no investing in building other markets. Meanwhile, Huobi’s rivals, Binance and OKX, have only been mildly impressed and have continually promoted marketing in the worldwide arena.

Previously, TRON founder Justin Sun and FTX CEO Sam Bankman-Fried have been rumored to have expressed an curiosity in obtaining Huobi, but it seems that a deal has not been reached.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: ExchangeHuobiownerrevealed
Share76Tweet47

Related Posts

Senator Schiff Proposes COIN Act Limiting Presidential Crypto Activities

by shark
June 25, 2025
0

Senator Adam Schiff introduces COIN Act to restrict U.S. leaders' crypto engagements, targeting ethical concerns.

Stablecoin Supply Surges by $5.67 Billion in 30 Days

by shark
June 24, 2025
0

Total stablecoin supply increased by $5.67 billion, with Ethereum leading growth, impacting DeFi markets.

Celestia Founder Confirms $100M Reserves Amid Market Volatility

by shark
June 24, 2025
0

Celestia holds $100 million in reserves, confirmed by founder amidst TIA token's price fluctuations.

FTX Disputes 3AC’s $1.53 Billion Bankruptcy Claim

by shark
June 24, 2025
0

FTX's bankruptcy team is contesting Three Arrows Capital's (3AC) $1.53 billion claim in Delaware, arguing it as unsupported and unreasonable.

Texas Establishes First State Bitcoin Reserve with $10M Fund

by shark
June 24, 2025
0

Texas becomes the first U.S. state to establish a publicly funded Bitcoin reserve with Governor Greg Abbott leading the initiative.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Senator Schiff Proposes COIN Act Limiting Presidential Crypto Activities
  • ETH Drops to $2.3K, HBAR Slides, While BlockDAG Hits $320.5M
  • Stablecoin Supply Surges by $5.67 Billion in 30 Days
  • Celestia Founder Confirms $100M Reserves Amid Market Volatility
  • Best Crypto to Explode in 2025: Troller Cat, Neiro, LOFI
  • FTX Disputes 3AC’s $1.53 Billion Bankruptcy Claim
  • Texas Establishes First State Bitcoin Reserve with $10M Fund
  • Texas Allocates $10M for State Bitcoin Reserve
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7