Justin Sun said that crypto exchanges Huobi and Poloniex may merge in the future.
Huobi recently revealed the company’s strategies to be among the top three crypto exchanges. Huobi Global simply rebranded itself as Huobi. Finally, an issue that could be a part of Huobi’s new brand strategy came up. It is stated that Huobi may merge with Poloniex.
Justin Sun Says Two Exchanges Could Merge
Justin Sun, founder of Tron and member of Huobi’s global advisory board, told The Block that crypto exchanges Huobi and Poloniex could merge in the future.
Earlier today, China-based crypto reporter Colin Wu tweeted that Poloniex will merge with Huobi, citing sources familiar with the matter. However, Sun said the two companies are independent and have no plans to merge yet.
Sun has relationships with both Poloniex and Huobi. Sun confirmed in 2019 that he invested in Poloniex after initially denying the relationship.
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