The post Binance Not For Sale: Exchange’s Executives Deny Rumors appeared on BitcoinEthereumNews.com.

The executives of Binance, the largest crypto exchange by trading volume, have denied growing speculation that the platform is for sale. Amid escalating rumors that Binance is undergoing a change in ownership, its major stakeholders have debunked the speculations. Responses from co-founders Changpeng Zhao (CZ) and Yi He maintained that the exchange was not for sale but could entertain strategic partnerships and corporations. The rumors came from an X post that claimed Binance is looking to sell off its platform amid growing regulatory difficulties. It also claimed that decentralized exchanges (DEX) seem to be gaining momentum over the exchange, making the long-term viability of Binance’s business unsustainable. Classical PR Strategy from Competitors Yi responded to the rumors in a tweet loosely translated from Chinese, branding them a crisis PR strategy from competitors. She noted that Binance and other trading platforms have established themselves as a verified business model in the crypto space, reinstating their sustainability. 所以友商的危机公关策略就是批量买稿造币安的谣转移注意力？👎自比特币价格突破新高，交易平台作为生态验证成立的商业模型，按照投资的头部原则，每个月都会有机构来问币安是否接受投资和合作，我们不排除引入战略合作伙伴，也开放并购，如果有其他交易平台有出售计划欢迎联系。 — Yi He (@heyibinance) February 17, 2025 Furthermore, the Binance chief customer service officer disclosed that Binance periodically receives inquiries from institutions asking for collaboration. She noted that although the exchange is open to mergers and acquisitions, the enterprise itself is not for sale. CZ Says “4” The former Binance CEO also quickly dispelled speculation that Binance was for sale. In his tweet, he reiterated his popular “4” mantra. For perspective, the number originated in 2023, and CZ has persistently leveraged it to discard FUD concerns around Binance and the broader crypto ecosystem. 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 Meanwhile, speaking…

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Filed under: News - @ February 17, 2025 6:25 pm