- This would put the exchange’s value at a minimum of $3b
- Li has been talking to Sam Bankman-Fried and Justin Sun
- Huobi Token gained more than 20% on the news
Leon Li, the founder of crypto exchange Huobi, is holding preliminary talks with investors about selling his majority share in the company. According to a Bloomberg report cited by CoinDesk, this would put the exchange’s value at a minimum of $3 billion.
60% Stake
Li’s stake in Huobi is nearly 60%. He has been talking to FTX founder Sam Bankman-Fried and Tron founder Justin Sun, the report said, citing insiders.
If the deal goes through, it could be the biggest ever in the crypto industry irrespective of the current bear market.
Huobi Token Soared on the News
The exchange’s native currency, Huobi Token, gained more than 20% on the news.
From a Dream to a Leading Digital Asset Service
Li founded Huobi Group in 2013. He took over management of the company and transformed it into a leading digital exchange service and global player in financial services in general.
Huobi was cofounded by Jun Du, previously community operations director at Comsenz. He also worked at Tencent.
About Leon Li
Leon Li has been in the crypto business for over a decade. He became an avid supporter of Bitcoin in 2011, after he graduated from Tsinghua University. His career started as a computer engineer at Oracle, the world’s biggest database service.
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