Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source

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Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source
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SCOOP: binance rejected justinsuntron’s recent request to buy his stake in HuobiGlobal, according to a person familiar with the matter. IanAllison123 reports

Binance, the world’s largest cryptocurrency exchange by volume, recently turned down an offer to acquire Tron blockchain founder Justin Sun’s ownership stake in rival exchange Huobi, according to a person familiar with the matter.

Binance wasn’t interested because of rumors that Huobi has ties to mainland China, which Binance wants nothing to do with, according to the person, who requested anonymity. In an interview last month with CoinDesk TV,Huobi wants to attain a license in Hong Kong and launch a new exchange there called Huobi Hong Kong.

The scope of Sun’s involvement with Huobi has been cloaked in secrecy. A company called About Capital

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