The Chief Executive Officer of the cryptocurrency exchange FTX, Sam Bankman-Fried, has stated that his company has no intention of acquiring the Huobi cryptocurrency exchange.

In a tweet sent out on Monday, the CEO of FTX, whose company has dominated news headlines in recent months around massive acquisition and expansion initiatives despite the crypto winter, noted:

"Just to be clear, because it seems like a lot of people are saying this: No, we do not have any plans to acquire Huobi,"

Huobi was one of the original cryptocurrency exchanges when it opened for business in 2013, and it is one of the exchanges with an expanding presence following operations in Korea and Hong Kong.

FTX's purchases and plans

The comments made by Bankman-Fried came after it was reported that FTX was reportedly in acquisition talks with Huobi.

One of these recent reports is that Huobi's founder, Leon Li, allegedly explored the possibility of selling a majority ownership in his company to FTX. If the deal were to go through, it would place the exchange's valuation at approximately $3 billion.

There were also rumors that Justin Sun, the creator of Tron (TRX/USD) and a former CEO of the company, had expressed an interest in Huobi. Sun, too, disputed the validity of the assertion.

In spite of the crypto winter, FTX still intends to expand their business by purchasing the cryptocurrency exchange Liquid as well as the trading platform Bitvo.

According to reports, the company has also been in discussions to purchase Bithumb, a cryptocurrency exchange that is situated in South Korea. This comes after the company announced that it had reached an agreement to acquire cryptocurrency lender BlockFi.

CoinJournal was the first publication to bring you news on Sam Bankman-denial Fried's that FTX is interested in acquiring Huobi.