Cryptocurrency speech Huobi has said rumors that it volition merge with Poloniex are "categorically untrue."
It was reported contiguous by Colin Wu that the 2 exchanges would merge, a rumor to which Justin Sun subsequently added fuel.
Justin Sun, the laminitis of the Tron network, has an engagement successful some exchanges. He was portion of an capitalist radical which acquired Poloniex successful 2019 and is present an advisor to Huobi.
“We would similar to authorities for the grounds that rumors stating Huobi volition soon merge with Poloniex are categorically untrue," Huobi said successful an emailed statement.
"Huobi and Poloniex are operating independently now.”
Huobi Global, which was founded successful China successful 2013 and is 1 of Asia's largest crypto platforms, is currently readying to determination to the Caribbean, with Dominica, Panama and the Bahamas the frontrunners, according to Sun.
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