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TRON Founder Justin Sun Admits to Acquiring Huobi, but Views Binance as an Essential Partner, Not a Competitor

TRON founder Justin Sun has denied rumors that he owns a controlling stake in Huobi Global, stating that his role with the company is as an advisor. However, he has represented Huobi in a high-level capacity and announced the potential merger of Huobi and Poloniex in November 2022.

Sun believes that there is room for many exchanges to operate successfully and that the crypto exchange market will diversify in the long term. He views Binance as an essential partner rather than a competitor and collaborates extensively with them.

Justin Sun
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