Blockchain Company KaJ Labs Makes $1.2 Billion Offer to Acquire Huobi Global Cryptocurrency Exchange

KaJ Labs, core developer of the Lithosphere blockchain, has announced its offer to acquire a 60% majority stake in Huobi Global Limited crypto exchange.

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Founded in 2017 by founder and Chief Scientist, Joel Kasr, KaJ Labs is a decentralized research organization focusing on artificial intelligence (AI) and blockchain technology.

KaJ Labs designs products that support research and development teams who aim to build the next generation of the internet of value (IoV).

KaJ Labs is the core team building the novel AI blockchain Lithosphere and a digital asset institution. The company’s business spans software R&D, institutional-focused trading, custody capabilities, and many others. The company plans to accelerate the implementation of its novel Lithosphere network and a Huobi Global deal could facilitate that goal.

Huobi Global Limited is a global blockchain asset financial services provider, including exchange, trade, wallet and storage, founded by Leon Li. Based in the Republic of Seychelles, Huobi Global is one of the world’s largest crypto exchanges, logging a daily trading volume of over $1 billion. A Huobi deal could represent the largest sale in the crypto industry to date.

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