{"id":70658,"date":"2022-11-28T10:05:04","date_gmt":"2022-11-28T08:05:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70658"},"modified":"2025-09-08T03:34:27","modified_gmt":"2025-09-08T00:34:27","slug":"huobi-denies-possible-merger-with-poloniex","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/huobi-denies-possible-merger-with-poloniex\/","title":{"rendered":"Huobi denies possible merger with Poloniex"},"content":{"rendered":"<p>The Huobi cryptocurrency exchange team, in an email newsletter, dismissed rumors of a possible merger with Poloniex. <a href=\\\"https:\/\/www.coindesk.com\/business\/2022\/11\/25\/crypto-exchange-huobi-denies-rumors-it-will-merge-with-poloniex\/\\\">CoinDesk<\/a> reports this.<\/p>\n<p>\\n\\n<\/p>\n<p>The information, Huobi said, was \\&#8221;categorically untrue.\\&#8221; The platform noted that the companies operate independently of each other.<\/p>\n<p>\\n\\n<\/p>\n<p>On November 25, journalist Colin Wu reported on a possible merger, citing his own sources. <a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-does-not-rule-out-a-merger-between-huobi-and-poloniex\">denied the information<\/a>, but did not rule out such a development in the future.<\/p>\n<p>\\n\\n<\/p>\n<p>In 2019, the entrepreneur, as part of a group of investors, acquired Poloniex. Initially, Sun denied his participation in the deal.<\/p>\n<p>\\n\\n<\/p>\n<p>In October 2022, Huobi Global agreed to <a href=\"https:\/\/forklog.com\/en\/news\/huobi-global-agrees-to-sell-controlling-stake-to-hong-kong-based-about-capital-management\">the sale of a controlling stake<\/a> in the Hong Kong investment company About Capital Management. The financial terms of the parties were not disclosed.<\/p>\n<p>\\n\\n<\/p>\n<p>According to Wu, the ultimate <a href=\"https:\/\/forklog.com\/en\/news\/media-outlets-name-justin-sun-as-huobi-buyer-tron-founder-denies-rumours\">beneficiary of the purchase was Sun<\/a>. The amount could have been up to $1 billion. The founder of Tron stated that he did not participate in the deal. A exchange spokesperson noted that he had joined the advisory board.<\/p>\n<p>\\n\\n<\/p>\n<p>In late November, Huobi announced a rebranding, under which it would drop the official name Huobi Global.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Huobi cryptocurrency exchange team, in an email newsletter, dismissed rumors of a possible merger with Poloniex. CoinDesk reports this.<\/p>\n","protected":false},"author":1,"featured_media":70659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[230,253],"class_list":["post-70658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-huobi","tag-poloniex"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=70658"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70658\/revisions"}],"predecessor-version":[{"id":70660,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70658\/revisions\/70660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/70659"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=70658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=70658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=70658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}