- Rumours that crypto exchange Binance, the world’s largest by trading volume, is for sale are just that – rumours.
- That’s according to the latest details Binance co-founder Changpeng Zhao “CZ”.
Binance “not for sale”
The former Binance CEO, and currently at the helm of YZi Labs, said speculation that the exchange was headed for sale are a result of FUD from “some lowly self-perceived competitor in Asia.”
“As a shareholder, Binance is not for sale,” CZ posted on X on Monday, Feb. 17.
The remarks echo those of co-founder Yi He, who has also dismissed the circulating claims as started by a competitor. He added that as a company, Binance continually receives investment and cooperation requests from players across the industry.
Yi, a co-founder of Binance and chief customer service, said the company cannot rule out potential strategic partners. Binance is open to mergers and acquisitions, she noted.
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“Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range,” Zhao added.
CZ’s comments follow notable speculation regarding the potential sale of the top CEX platform.
Zhao himself stepped down as Binance CEO in 2023. He served a four-month prison sentence after a plea deal with US authorities, that saw the exchange agree a $4.3 billion settlement. The exchange is also still in a legal tussle with the SEC.
Afte the latest rumours, the native BNB token that surged in the past week pared gains. However, with CZ, who is a shareholder at the company, adding to comments by He, price could see an upside.
BNB price hovers around $673, flat in the past 24 hours and about 10% up over the past week.
The post Binance is not for sale: CZ appeared first on CoinJournal.
Source: https://coinjournal.net/news/binance-is-not-for-sale-cz/
