Binance, the world’s largest cryptocurrency exchange, continues to contend with FUDs. At this point, while claims were made that Binance would be sold, co-founder Yi He and CZ responded to the rumors regarding the sale of Binance.
While CZ and Yi He separately denied the allegations of a Binance sale, CZ mentioned that they were open to small-cap investments.
Binance founder and former CEO Changpeng Zhao (CZ) denied the rumors of a Binance sale in a post on his X account, attributing these claims to a competitor in Asia. CZ stated that Binance is not for sale, acknowledging that top investors have always shown interest and indicated that over time they may consider allowing investments with a single-digit percentage.
CZ responded to the FUD news with the number 4 and said:
“4. Some self-proclaimed competitors in Asia are talking nonsense about selling Binance (CEX). Binance is not for sale as a shareholder. The best investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.”
Binance co-founder Yi He also responded to claims that “Binance is about to be sold.” Yi He stated that such claims were rumors spread by competitors and that Binance regularly interacts with institutions for investment and cooperation discussions. He also added that while Binance is open to exploring partnerships and acquiring other exchanges, there are currently no plans to sell.
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale. As a shareholder, Binance is not for sale. Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.♂️
— CZ BNB (@cz_binance)
February 17, 2025
*This is not investment advice.
