Justin Sun, the founder of Tron, mentioned the possibility of a merger between Huobi and Poloniex, the cryptocurrency exchange.

Chinese cryptocurrency reporter Colin Wu tweeted on the 25th (local time) that Huobi and Polonix will merge. Justin said the two companies are independent other companies and have no plans for a merger, but when asked about the possibility of a merger, he said, “It could be possible.”

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Justin’s founder has ties to both Huobi and Polonix. Justin’s founder denied rumors that he invested in Polonics in 2019, but it turned out to be true.

A similar situation occurred when Huobi sold its stake to Hong Kong investment company About Capital Management last month. Reporter Colin Woo claimed that Justin’s founder actually bought a stake in Huobi, but Justin’s founder denied the fact.

At the company’s rebrand launch event in Singapore this week, Justin proposed a strategy to make Huobi one of the top three cryptocurrency exchanges.

Double Rock predicted that the cryptocurrency industry will be further solidified if Huobi and Polonix merge.