Binance co-founders Changpeng Zhao and Ye Hi refuted the rumor that Binance Crypto Exchange is on sale. Zhao and Hi both refute the claims that centralized exchanges are looking for buyers. In terms of total trading volume, Binance is touted as the world’s largest crypto exchange. It is unclear how speculations related to potential sales for binary sales began, but as Zhao said, Asia’s “competitors” are behind the rumor.
Zhao first denied rumors through his X (formerly Twitter) handle on February 17. As a shareholder, Binance does not sell it. ” said the former CEO of Binance.
4. Some self-perception competitors in Asia are about Binance (CEX) for sale.
As a shareholder, Binance does not sell it.
Top investors have always been interested in binance. Over time, we may allow some investments within the unit percentage range.
– cz:ground_orange_diamond:bnb (@cz_binance) February 17, 2025
On the other hand, Binance co-founder HI, currently Binance’s chief customer service officer, draws on Zhao and emphasizes speculation as part of the competitor’s “crisis management strategy.”
“Since the price of Bitcoin has been worn out with new highs, it turns out that trading platforms have proven to be a viable business model as part of the ecosystem. Following the principle of investing in leaders, every month, institutions ask if Binance is asked if Binance is required to do so. Accept investments and partnerships. We do not exclude the introduction of strategic partners, and we are willing to engage in mergers and acquisitions. If other trading platforms have plans to sell, please contact us.
So the crisis PR strategy of friendly businessmen is to buy manuscripts in batches of Binance’s rumors to divert attention? :-1:
Since the price of Bitcoin has broken through a new high, the trading platform has been established as a business model for ecological verification. According to the principle of investment, institutions will come to ask Binance every month whether it accepts investment and cooperation. We do not rule out the introduction of strategic partners, and are also open. For mergers and acquisitions, if there are other trading platforms that have plans for sale, please contact us.— Yi He (@heyibinance) February 17, 2025
Zhao said, “Top investors have always been interested in binary companies” and, in due course, the company may allow some investments on the “unit number range.” He did not share details about which investors expressed interest in obtaining shares in the company.
According to the crypto board, the exchange recently made an on-chain adjustment to its balance sheet. This step for the exchange was reportedly increased, given the rumors of the sell-off exchange. The exchange told the publication that it did not sell its assets.
Zhao is reportedly the largest stakeholder of the exchange, controlling more than 90% of the companies.
Last year, during the Binance blockchain week in Dubai, the crypto tycoon mentioned the proposal he received about a portion of his stake in Binance. He said at the time that although he did review the offer, he did not decide to indulge in selling a portion of his shares in the exchange.
Currently, Binance is focused on its international expansion. It recently completed the registration of the Financial Intelligence Unit of India (FIU) to legalize its operations in the world’s most populous country. The exchange paid USD 2.25 million (approximately Rs 1.88 crore) for violating the Money Laundering Act 2002 (PMLA) to complete its FIU registration.
The exchange is expected to unlock several key blockchain developments and major tokens in February and beyond, the company said in a recent statement shared with Tech Word News. The exchange also expressed excitement for India, which accelerated its work on defining rules that oversee the growth of the cryptocurrency industry while maintaining financial stability in its investor community and nationally.
“The continued growth of the global cryptocurrency market is driven by institutional interests, favorable regulatory developments and innovation in DEFI, which marks a strong future for the industry. It is worth noting that India’s role continues to expand – by increasing institutional participation and thriving The strategy for developing blockchain developers ecosystem highlights the industry’s shift to mainstream adoption,” said Vishal Sacheendran, head of regional markets at Binance.
The exchange also faces legal barriers to countries such as Australia and France, such as issues of violations of crypto-related laws and allegations of promoting fraud.
