FTX Not Planning to Buy Huobi Exchange, Bankman-Fried Says

On Monday, FTX CEO Sam Bankman-Fried dismissed rumors of his firm targeting one of the world’s biggest and oldest crypto exchanges, Huobi.

Bankman-Fried clarified in a tweet on Monday that FTX is not going to purchase the exchange which is currently good for a daily trading volume of more than $1 billion according to CoinMarketCap data.

The hearsay follows a Bloomberg report in mid-August claiming that preliminary talks between FTX and Huobi founder Leon Li were held over the purchase of a majority stake in Huobi.

Speculation is growing on potential targets for FTX’s crypto-winter acquisitions. The name of trading-app Robinhood is going around, while South Korean exchange Bithumb is also regarded a potentia FTX target.

So far this year, FTX has acquired Canadian platform Bitvo and Japanese Liquid, the operator of cryptocurrency exchange Quoine.