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Justin Sun Discusses Ownership of Huobi Tokens

Justin Sun, the creator of Tron, has stated that he has been holding some of Huobi assets with an intention to try and improve the relevance of the former now that he is a consultant to the cryptocurrency exchanges that are affiliated with Huobi. During an interview on Thursday with Emily Chang of Bloomberg Television, Sun stated that he would consider himself to be one of the largest investors of and Huobi assets in the globe.

In addition, Justin Sun mentioned that in 2013 he started amassing the tokens affiliated with the Huobi platform for crypto exchange. Following Sun’s appointment as just a week later after he was  hired as a consultant for the exchange, the price of the coin has surged 25% by around 80 percent. According to the cryptocurrency market data aggregator CoinMarketCap, when comparing cryptocurrency exchanges, huobi is rated as one of the best, in a day’s worth of trades totaling $879.5 million. Sun has stated that he has not acquired any ownership in the company at this time.

Justin Sun has stated that one of his primary focuses will be expanding Huobi internationally, potentially even entering China if local rules permit it. According to Sun, his group has looked into the assets owned by the bankrupt cryptocurrency lending platform Celsius Network. Still, they have not yet decided whether to place a bid. Dominica, an island nation in the Caribbean, has just adopted Tron’s local token as legal money, making it the first country in the world to do so. According to data on prices compiled by CoinMarketCap, the cost of one HT token increased by approximately 12% to reach $7.79 within the past 24 hours.

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