Binance, the world’s largest cryptocurrency exchange, continues to deal with FUDs. At this point, while it was claimed that Binance would be sold, co-founder Yi He and CZ responded to Binance sale rumors.
While CZ and Yi He separately denied the Binance sale allegations, CZ said they were open to small-cap investments.
Binance founder and former CEO Changpeng Zhao (CZ) denied Binance sale rumors in a post on his X account and attributed these claims to a competitor in Asia. CZ stated that Binance is not for sale, acknowledging that top investors have always shown interest and said 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 said that such claims were rumors spread by competitors and that Binance regularly interacts with institutions for investment and cooperation discussions. Yi 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.