Justin Sun Doesn’t Rule Out Huobi-Poloniex Merger

According to Tron founder Justin Sun, crypto exchanges Huobi and Poloniex may merge in the future.

Journalist Colin Wu announced plans to merge the two platforms on November 25.

Sun denied the information and clarified that both companies remain independent. However, he did not rule out similar developments in the future.

An entrepreneur as part of a group of investors acquired Poloniex in 2019. Sun initially denied any involvement in the deal.

In October, Huobi Global agreed to sell a majority stake in Hong Kong-based investment firm About Capital Management. The financial terms of the parties were not disclosed.