largest in Asian markets bitcoin and cryptocurrency exchange, one of the token trading centers Huobi Globalthe Hong Kong-based investment firm, said late Friday. About Capital Managementannounced that it has agreed to be acquired by the M&A fund.
Cryptocurrency Exchange Huobi Global To Be Acquired By About Capital
By transaction volume top 10 between the stock market Huobi Globalsaid About Capital will control a majority stake in Huobi once the deal is complete.
It was stated that the transfer of ownership will have no impact on business operations.
The news in question is the founder of Huobi. Leon LiIt comes after months of speculation and news that AG is looking for a buyer for its roughly 60% stake in Huobi and wants at least $1 billion. The terms of the deal with About Capital were not disclosed.
The exchange is said to be planning an international expansion with its new owner and will provide “adequate capital injections in the margin and hedge fund”.
Li, who founded Huobi in China in 2013, said the stock market’s departure from Chinese territory in late 2021 ushered in a globalization move that will now accelerate under About Capital.
Upon this news, Huobi’s native token HT showed a rapid rise.
in late August FTXFounder and CEO of Sam Bankman-FriedRumors that .
Gaining momentum with the effect of the news Huobi Token (HT) at the time of this writing 4.27 It was traded in dollars.
*Not investment advice.
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