Justin Sun Responds to Coindesk: Binance-Huobi Partnership Unaffected

04/06/2023 16:42 • Daily Digest • 66 views

According to reports, Justin Sun responded on social media to Coindesk’s previous report that Binance had refused to acquire its Huobi stake, stating that Binance has always been a partner of Huobi and will continue to cooperate in the future. However, in the past week, it has never made an invitation or proposal to CZ to acquire its Huobi stake.

Justin Sun: No contact with Binance regarding the acquisition of shares

The world of cryptocurrency and blockchain constantly faces reports of various mergers, acquisitions, and partnerships. Recently, Coindesk published a report claiming that Binance had refused to acquire Huobi’s stake, which had caused quite a stir in the crypto community. Justin Sun, the founder of Tron, quickly responded to the report on social media, stating that Binance and Huobi had always been partners and would continue to cooperate in the future.

The Claims Made by Coindesk

Coindesk claimed that Binance had rejected Huobi’s offer to sell its entire stake. This report shocked the crypto community, as Binance and Huobi are two major players in the world of cryptocurrency. Many people hypothesized that this refusal could cause a rift between these two companies and affect their partnership.

Justin Sun’s Response

In response to Coindesk’s report, Justin Sun clarified that Binance and Huobi had “always been partners, and will continue to cooperate in the future.” He dismissed the claims that Binance had turned down Huobi’s offer and stated that no invitation to acquire Huobi’s stake had ever been made. Sun went on to affirm that Binance and Huobi would continue to work together to promote the growth of the crypto industry.

The Significance of the Binance-Huobi Partnership

Binance and Huobi are two of the most prominent crypto exchanges globally and have a strong reputation in the industry. Their partnership has been significant in advancing the growth and development of the crypto market. Both companies offer a wide range of crypto services to their users, including trading, investing, and storage. Keeping this collaboration intact is essential for the industry’s growth and stability.

The Future of Binance-Huobi Partnership

Justin Sun’s statement reassures the crypto community that the Binance-Huobi partnership is not affected by any internal conflicts or misunderstandings. The partnership will continue to remain strong, providing its users with seamless crypto services. The crypto industry has witnessed a significant surge in the past few years, and the collaboration between Binance and Huobi plays a crucial role in its expansion.

FAQs

Q. Has Binance refused to acquire Huobi stake?

A. According to Justin Sun’s statement, Binance has always been a partner of Huobi, and no invitation or proposal was made to acquire its Huobi stake.

Q. What crypto services do Binance and Huobi offer?

A. Both Binance and Huobi offer a wide range of crypto services to their users, including trading, investing, and storage.

Q. How does the partnership between Binance and Huobi affect the crypto industry?

A. Both companies’ collaboration promotes the growth and development of the crypto market, contributing to its expansion.

Conclusion

The Binance-Huobi partnership has been a cornerstone of the crypto industry’s growth and development in recent years. Coindesk’s claims that Binance had refused to acquire Huobi’s stake were quickly addressed by Justin Sun. His statement highlights the importance of cooperation and collaboration between two major players in the crypto industry. The Binance-Huobi partnership will continue to play a crucial role in shaping the future of the crypto market.

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