Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin SunSam Bankman-Fried exchange are being mentioned among those who’ve had preliminary contact with Huobi.
In the deal, which could be completed as soon as the end of this month, Li is seeking a valuation of between USD 2bn - USD 3bn, meaning a sale could fetch upwards of USD 1bn, Bloomberg reported, undisclosed "people familiar with the matter."
A Huobi spokesperson confirmed that the talks are ongoing, while an FTX spokesperson declined to comment, and Sun told Bloomberg that he hasn’t had any negotiations with Li about a sale.
"[Li] hopes that the new shareholders will be more powerful and resourceful, and that they will value the Huobi brand and invest more capital and energy to drive the growth of Huobi," the spokesperson of Huobi was quoted as saying.
Trading volume on Huobi surpassed USD 1bn in the past 24 hours, per CoinGecko
Trading volume on Huobi in the past year:
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