Key Points
- Previously, the selling rumors were simply behind-the-scene whispers, but now, the subject is publicly addressed.
- Both Yi He and Changpeng Zhao spoke about the issue via their X accounts.
Binance’s founders, Changpeng Zhao, also known as CZ, and his wife, Yi He, addressed some rumors about the exchange. Previously, there was only some behind-the-scene talk about Binance selling, but the subject is now publicly addressed via X.
Yi He Responds to Binance Sale Rumors
Yi He responded to an X user asking if Binance plans to sell a stake in the exchange.
She explained that the crisis PR strategy of competitors is to buy a lot of articles and spread rumors about Binance simply to divert attention from other issues.
Yi He said that since the price of Bitcoin hit a new ATH back in January, the crypto platform has been established as a business model for ecological verification.
She also noted that according to the principle of head investment, every month there will be various institutions asking the crypto exchange whether it accepts investment and cooperation.
However, Yi He said that Binance does not rule out introducing strategic partners and they are open to mergers and acquisitions. She concluded that if there are other trading platforms with sales plans, they should feel free to contact Binance.
Yi He also said that there should be a poll to see how many people understand that introducing a strategic partner is a positive thing.
CZ Also Addresses the Subject
A few hours after Yi He posted about the subject on X, CZ also addressed the matter.
He said that “some lowly self-perceived competitor” in Asia keeps creating FUD about Binance being for sale. CZ highlighted that as a shareholder, he says that the crypto exchange is not for sale.
But, CZ also said that top investors have always been interested in the exchange, and over time, the team at Binance may allow some investments in the single-digit percentage range.
Binance recorded a successful trajectory last year, onboarding over 250 million users and hitting important milestones in its efforts to broaden global financial freedom. Now, the exchange is rapidly nearing 260 million users.
