Binance is not for sale: CZ

The rumor that the world's largest volume is on sale is exactly what it's rumoured.
This is according to the latest details of Binance co-founder Changpeng Zhao “CZ”.

“Not for sale” Binance

Former Binance CEO and now at the helm of YZI Labs, he said speculation that the exchange is on sale is the result of FUD, a “competitor not self-aware in Asia.”

“As a shareholder, Binance is not on sale,” CZ said. Posted on x Monday, February 17th.

This statement reflects those of co-founder Yi He. He added, as a company, Binance will continue to receive investment and cooperation requests from players across the industry.

Yi, co-founder of Binance and Chief Customer Service, said the company cannot rule out potential strategic partners. Binance is open to mergers and acquisitions, she noted.

“Top investors are always interested in binance. Over time, they may allow investments in single-digit percentage ranges,” added Zhao.

CZ's comments follow notable speculations regarding potential sales for top CEX platforms.

Zhao himself resigned as Binance CEO in 2023. He was sentenced to four months in prison after a plea bargain with US authorities. The exchange is still in a legal dispute with the SEC.

According to the latest rumours, native BNB tokens, which surged last week, cut profits. However, in CZ, a shareholder of the company, Price, in addition to his comments, was able to see the advantage.

BNB prices have risen by about $673 in flats over the past 24 hours, up about 10% over the past week.