Key Takeaways:
- Binance co-founders CZ and Yi He deny rumors that the exchange is for sale, calling them competitor-driven FUD.
- Yi He suggests Binance is more focused on acquiring competitors rather than selling.
- Binance attributes recent asset movements to internal treasury adjustments, not a potential sale.
Binance co-founders Changpeng Zhao (CZ) and Yi He have denied rumors that the cryptocurrency exchange is up for sale.
On Feb. 17, CZ dismissed the speculation on X, attributing it to a competitor spreading fear, uncertainty, and doubt (FUD).
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.😂
— CZ 🔶 BNB (@cz_binance) February 17, 2025
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.🤷♂️
Yi He reinforced this stance, suggesting that Binance is more likely to acquire competitors than to sell itself.
The rumors emerged after notable asset movements on Feb. 11, when an X user highlighted a decline in Binance’s asset holdings, including Bitcoin.
This fueled speculation about the company’s financial health.
However, Binance refuted these claims, stating that the asset shifts were merely part of a routine treasury accounting adjustment.
The exchange maintains that it remains financially stable and is not considering a sale.
The statements from CZ and Yi He underscore Binance’s commitment to maintaining its market position amid ongoing industry speculation and competition.
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