The post Binance Co-Founder Yi He Dismisses ‘Sale’ Speculation appeared on BitcoinEthereumNews.com.

Binance exchange is not for sale as co-founder Yi He responds to rumors. The trading platform has continued to expand; however, headwinds remain. Binance, the world’s biggest exchange by trading volume, has dispelled recent sale speculations. Binance co-founder Yi He dismissed claims that the firm is considering being sold, labeling them as baseless rumors spread by rival exchanges. Yi He Says No Plans for a Binance Sale The Binance co-founder confirmed in a recent statement that there are no plans for a sale. According to Yi He, competing exchanges spearhead sale rumors to divert attention from Binance’s continued success in the industry. She claims the rumors aim to undermine Binance’s reputation at a time when the platform is making progress. Source: Yi He on X Yi He emphasized that Binance’s business model remains solid as Bitcoin continues to hit new all-time highs. Notably, Binance is a key player in the crypto market, with 250 million registered users on the platform. Additionally, Binance holds assets worth over $160 billion, as noted in our earlier post. Although Yi He dismissed the sales speculations, she revealed that Binance is open to strategic partnerships, mergers, and acquisitions. She added that Binance regularly talks with institutions for potential investments and strategic partnerships.   “Every month, institutions approach us to discuss investment and cooperation opportunities,” Yi He disclosed. Binance’s openness toward future collaborations highlights the company’s interest in expanding its presence in the digital asset space. Yi He reassured users and stakeholders that Binance will continue its ongoing efforts to build a robust and secure trading ecosystem. Changpeng Zhao “CZ” has also responded to the development, sharing his views on the X platform. The former CEO also reiterated that Binance is not for sale. 4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.😂…

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Filed under: News - @ February 18, 2025 3:21 am