Binance rejected the rumors that he is on sale, following speculation fueled by reports focused on competitors.
On February 17, the co-founder of Binance CZ (Changpeng Zhao) went to X to stop the assertions that the company was looking for buyers.
CZ rejects Binance’s sales rumors, calls him the competitor Fud
“Some modest self-viewed competitors in Asia Fudding on Binance (CEX) for sale. As an actionary, Binance is not for sale, ”wrote CZ. He said that if the main investors frequently show interest in the Binance, the exchange is not sold. However, he referred to the possibility of authorizing small -scale investments in the “percentage range with a figure” over time.
4. Some modest competitors self-viewed in Asia Fudding on Binance (CEX) for sale.
As an actionary, Binance is not for sale.
The best investors have always been interested in Binance. Over time, we can allow certain investments in the percentage range to a figure.
– CZ
BNB (@cz_binance) February 17, 2025
BNB (@cz_binance) The co-founder of the exchange, Yi, he echoes this position, calling what she described as a defamation campaign by a rival exchange. “So, the public relations strategy of the competitor’s crisis is to buy items to spread rumors on binance to divert attention?” She wrote. She stressed that the commercial platform remains strong and continues to attract the interest of institutional investors.
Binance Eyes Mergers and Acquisitions
While denying the rumors of sale, he revealed that Binance was open to the acquisition of other exchanges. She noted that the trading platforms have gained credibility while the Bitcoin price continues to skyrocket, making crypto exchanges a viable commercial model. According to her, Binance receives requests for information each month of institutions that seek to invest or collaborate.
“If other trading platforms intend to sell, do not hesitate to contact us,” she added, reporting that Binance plans strategic partnerships and acquisitions rather than selling.
Source: X
Speculations go out from the movements of the Binance Treasury
The sales rumors gained ground after the user X Ab Kuai. Dong reported a significant drop in Binance assets on February 11. This has aroused concerns about the financial health of the exchange. In addition, the sudden reduction in Bitcoin and other assets led some to speculate that binance liquidated the assets before a sale.
The exchange, however, quickly denied any link between the movement of assets and a potential sale. The company explained that transfers were only part of an adjustment of the routine treasure rather than a sign of financial problems.
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