Huobi was one of the largest cryptocurrency exchanges by volume until the off-boarding of its mainland Chinese users began in 2021. Its market share subsequently fell from 19% in 2020 to an estimated 2.2% in Q4 2022. Sun, who claims to be an “adviser” at Huobi Global, reportedly purchased 100% of the exchange’s stake from its co-founders in November 2022 through his entity About Capital.
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Source: Cryptocurrency - investing.com
