Binance has dismissed rumors that it’s up on the market, following hypothesis fueled by competitor-driven stories.
On February 17, Binance co-founder CZ (Changpeng Zhao) took to X to close down claims that the corporate was searching for patrons.
CZ Dismisses Binance Sale Rumors, Calls It Competitor FUD
“Some lowly self-perceived competitor in Asia fudding about Binance (CEX) on the market. As a shareholder, Binance isn’t on the market,” CZ wrote. He clarified that whereas main buyers often present curiosity in Binance, the alternate isn’t promoting. Nonetheless, he hinted at the opportunity of permitting small-scale investments within the “single-digit proportion vary” over time.
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) on the market.
As a shareholder, Binance isn’t on the market.
High buyers have at all times been all for Binance. Over time, we might permit some investments within the single-digit proportion vary.
— CZ
BNB (@cz_binance) February 17, 2025
The alternate’s co-founder Yi He echoed this stance, calling out what she described as a smear marketing campaign by a rival alternate. “So, the competitor’s disaster PR technique is to mass-buy articles to unfold rumors about Binance to divert consideration?” she wrote. She emphasised that the buying and selling platform stays sturdy and continues to draw curiosity from institutional buyers.
Binance Eyes Mergers and Acquisitions
Whereas denying the sale rumors, Yi He revealed that Binance is open to buying different exchanges. She famous that buying and selling platforms have gained credibility as Bitcoin’s value continues to soar, making crypto exchanges a viable enterprise mannequin. In keeping with her, Binance receives inquiries each month from establishments seeking to make investments or collaborate.
“If different buying and selling platforms have plans to promote, please be at liberty to contact us,” she added, signaling that Binance is contemplating strategic partnerships and acquisitions relatively than promoting itself.
Supply: X
Hypothesis Sparks from Binance’s Treasury Actions
The sale rumors gained traction after X consumer AB Kuai. Dong flagged a big drop in Binance’s asset holdings on February 11. This sparked issues concerning the alternate’s monetary well being. Moreover, the sudden discount in Bitcoin and different belongings led some to invest that Binance was liquidating belongings forward of a sale.
The alternate, nonetheless, swiftly denied any connection between the asset motion and a possible sale. The corporate defined that the transfers have been merely a part of a routine treasury adjustment relatively than an indication of economic troubles.
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