The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $ 2 and $ 3 billion.
Existing investors in Huobi, including Sequoia China and ZhenFund, were reportedly notified of Li’s decision during a shareholder meeting in July of this year.
Based on initial reports, Li views the new shareholders as “powerful and resourceful.” Moreover , potential investors must place a high premium on the Huobi brand and devote adequate funding to fostering its expansion.
