Huobi denies rumors of merger with Poloniex
According to representatives of the exchange, this statement is “categorically untrue”
28.11.2022 - 09:30
630
1 min
0
Cryptocurrency exchange Huobi has said rumors that it will merge with Poloniex are "categorically untrue."
It was reported today by Colin Wu that the two exchanges would merge, a rumor to which Justin Sun subsequently added fuel.
Justin Sun, the founder of the Tron network, has an involvement in both exchanges. He was part of an investor group which acquired Poloniex in 2019 and is now an advisor to Huobi.
“We would like to state for the record that rumors stating Huobi will soon merge with Poloniex are categorically untrue," Huobi said in an emailed statement.
"Huobi and Poloniex are operating independently now.”
Huobi Global, which was founded in China in 2013 and is one of Asia's largest crypto platforms, is currently planning to move to the Caribbean, with Dominica, Panama and the Bahamas the frontrunners, according to Sun.
This material is taken from the website coindesk.com.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 920
BTC
-1.62%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
-1.37%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.079608
DOGE
-2.6%
-
Zcash
$420.15
ZEC
-4.47%
-
Stellar XLM
$0.195412
XLM
-1.76%
-
Cardano
$0.153487
ADA
-2.83%
-
Polkadot
$3.32
DOT
+5.27%