Tron (TRX) linked to founder Justin Sun cryptocurrency exchange Huobi appears to have confirmed that it has moved its headquarters from Seychelles to the Caribbean island of Dominica.
Justin Sun, Allegedly Managing the Cryptocurrency Exchange Huobi, Confirms the Exchange Has Moved
Tron founder Justin Sun, who has been appointed advisor to Huobi’s global board, told the Financial Times that the Caribbean is a “very crypto-friendly community” and Dominica is “one of the leading ones.”
Huobi appeared to confirm that he would be moving to Dominica by retweeting Sun’s comments and the linked FT report with a single parasol emoji.
🏖️ https://t.co/CXBn7STIvH
— Huobi (@HuobiGlobal) November 2, 2022
Also, Tron partnered with the government of Dominica last month to develop a national blockchain infrastructure and issue a national fan token. Sun said in an interview that Dominica’s prime minister, Roosevelt Skerrit, is a “tech-savvy person” and claimed he “understands how crypto and technology work.”
Huobi is not the first crypto exchange to move its headquarters to the Caribbean in search of a friendlier regulatory environment. FTX moved from Hong Kong to the Bahamas last year.
Founded in 2013 in China, the stock exchange is currently headquartered in Seychelles. Huobi had agreed to be acquired by Hong Kong-based investment firm About Capital Management’s M&A fund last month for an undisclosed sum.
However, it is claimed that the real owner of the cryptocurrency exchange is Tron founder Justin Sun. Sun regularly tweets about Huobi on Twitter, and Huobi is also mentioned in his Twitter bio.
*Not investment advice.
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