TRON Founder Justin Sun Huobi who is also the current member of the Huobi exchange’s global advisory board has laid out three strategies to enhance its position as the market leader and reclaim top ranks among other major players in the sector.
The exchange also announced its refreshed branding strategy, which would now be known as “Huobi” instead of “Huobi Global”, based on information from the rebranding launch event.
The three major development goals include global development strategy, technology drives development, and technology for good. It would also further its global footprint by, as Sun suggested “venture into the Caribbean” and moving its headquarter to the Caribbean.
In the conference, there was also discussions on ramping up Huobi’s investments in South-East Asia, Europe, and other regions to build a robust global ecosystem.
With the expansion strategy, Huobi, meanwhile, will continue to comply with regional regulations and strengthen its cooperation with nations.
That said, the exchange also drew attention for the mystery surrounding its ownership.
Puzzle Over TRON Founder’s Involvement in Huobi
Last month, Huobi Global said that co-founder and controlling shareholder Leon Li sold his stake in the company to a buyout firm managed by About Capital Management HK Co.
People familiar with the matter, on request for anonymity revealed nearly 60% ownership was purchased by Chinese-born cryptocurrency tycoon Sun for about $1 billion through the Hong Kong-based asset management About Capital.
Sequoia China and ZhenFund also sold their combined 28% stake in Huobi Global to About Capital, said the people.
The sources claim that Sun withheld his name from the agreement to evade Chinese investigation, where cryptocurrencies are largely outlawed. However, the TRON founder has consistently denied having any part in the sale of Huobi Global, and a spokesman for that firm has also disputed that Sun was the purchaser.
Huobi has established itself as one of the most well-known firm in the virtual assets market in the nine years since its foundation.
“With its refreshed branding, new roadmap, and the guidance of its global advisory board, I am confident Huobi can strengthen its market leadership and reclaim its top rankings alongside other industry heavyweights,” the TRON founder added.