Insiders: The trading platform Poloniex will be fully integrated into Huobi

ChainCatcher news, according to an internal letter from Huobi disclosed by informed sources, shows that multiple departments of the cryptocurrency exchange Poloniex will be integrated into Huobi, including employees related to assets, market & operations, product design, liquidity, customer service, compliance, and other relevant work will join the Huobi team. The Poloniex Business Center has two secondary departments: Engineering and Infrastructure.

Previously, ChainCatcher reported in June last year that Sun Yuchen, in collaboration with TRON, acquired the cryptocurrency exchange Poloniex. Subsequently, in November 2022, Sun Yuchen spent approximately $1 billion to acquire about 60% of Huobi's shares through Baidu Capital.