Asian entrepreneur and developer Justin Sun, who created the Tron (TRX) blockchain, spoke about his attitude to the Chinese economy. According to the businessman, the world is slowly recovering from the severe consequences of the coronavirus pandemic (COVID-19).
Sun stressed that his team, which is currently engaged in the development and management of the Houbi cryptocurrency exchange, have focused on investing in China. The company’s strategy implies significantly expanding its business in this region. He noted that the firm’s plan can be characterized as “all forces to China.”
The entrepreneur assured: the Asian market offers endless opportunities for growth and innovation. The Huobi team expressed the opinion that this region will become a driving force in the entire global economy. The company’s strategy was developed taking into account the fact that today’s investments in development in China will bring their dividends in the long term, not only financially.
According to San, the focus on China will give the opportunity to be at the forefront of the latest developments and technological trends. The Huobi team strives to be a long-term partner with China and looks forward to continuing to build strong partnerships in the country.
Previously, numerous users of social networks expressed their concerns about the future activities of the trading platform. Some users even started urgently withdrawing funds from the exchange. Justin Sun sent several hundred million US dollars in stablecoins to the balances of the cryptocurrency platform to demonstrate the strength and reliability of the project.
On January 9, 2023, the Huobi exchange processed transactions with digital currencies totaling $343.42 million over the past day. This is 107.5% more than recorded yesterday.