Binance Won’t Buy Huobi Stakes from Justin Sun

Binance is a respected name in the cryptocurrency world, as it is listed among the top exchanges by users for consecutive years. Recently, news came out that Justin Sun has approached Binance’s CEO CZ (Changpeng Zhao) for buying his stakes in a rival company Huobi. Binance, however, rejected the idea of buying Justin Sun’s stake in Huobi because of its alleged connection to China. 

However, Justin’s involvement with Huobi was shrouded in mystery and quiet. About Capital purchased some shares of Huobi, and Justin was its leader (although his representatives denied it at first). After this story came out, the price of Tron fell, however, Justin calls this story as a hoax (April fool’s joke). Binance did not release any official statement.