Justin Sun, the founder of Tron blockchain network, isn’t ruling out the possibility of one day acquiring Hong Kong-based crypto exchange Huobi Global and perhaps even bringing the exchange back to mainland China.
Sun, who is one of five advisers on Huobi’s global advisory board, told CoinDesk TV this hypothetical situation will depend on the Chinese government changing its stance on cryptocurrencies, and would require “thorough due diligence of the exchange.”
“In the future we might have a chance to purchase Huobi, but not this time,” Sun said during an appearance on “First Mover” on Tuesday. He spoke days after Hong Kong-based About Capital announced plans to buy Huobi, a major crypto exchange throughout Asia.
In August, Huobi’s founder Leon Li said he was looking to sell a majority of his stake in the exchange for upwards of $3 billion, Bloomberg reported. FTX founder Sam-Bankman Fried reportedly expressed interest but nothing came of it.
No matter who owns Huobi, its China plans...
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