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The Times of India
The Times of India
Business
Bloomberg

Crypto's latest mystery: Who is the owner of major exchange Huobi?

Justin Sun Huobi Global Crypto Bloomberg Television CoinGecko FTX Sequoia China Tron ZhenFund

In the vexing world of cryptocurrencies, the seemingly simple question of who owns an exchange can turn out to be fiendishly tricky.

Take Huobi Global, a platform with Chinese roots that has faded from global leadership but still commands notable daily trading volume of over $300 million, according to tracker CoinGecko. Huobi Global said last month that co-founder and controlling shareholder Leon Li had sold his stake in the company to a buyout firm managed by About Capital Management HK Co.

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