FTX Not Planning to Buy Huobi Exchange, Bankman-Fried Says
On Monday, FTX CEO Sam Bankman-Fried dismissed rumors of his firm targeting one of the world’s biggest and oldest crypto exchanges, Huobi.
Bankman-Fried clarified in a tweet on Monday that FTX is not going to purchase the exchange which is currently good for a daily trading volume of more than $1 billion according to CoinMarketCap data.
Just to be explicit because apparently a lot of people are saying this:
No, we are not planning to acquire Huobi.
— SBF (@SBF_FTX) August 29, 2022
https://platform.twitter.com/widgets.js
The hearsay follows a Bloomberg report in mid-August claiming that preliminary talks between FTX and Huobi founder Leon Li were held over the purchase of a majority stake in Huobi.
Speculation is growing on potential targets for FTX’s crypto-winter acquisitions. The name of trading-app Robinhood is going around, while South Korean exchange Bithumb is also regarded a potentia FTX target.
So far this year, FTX has acquired Canadian platform Bitvo and Japanese Liquid, the operator of cryptocurrency exchange Quoine.
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Source: igaming
