Prominent cryptocurrency exchange Binance has made headlines for a lot of reasons over the past few years. Despite facing several trials, the platform continued to remain on top. Amidst this, news about the exchange going for sale began surfacing. This worried the market as Binance is one of the most prominent platforms in the ecosystem. The co-founder of the exchange, Changpeng Zhao decided to address these rumors and put rest to all the chaos.
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Binance Not For Sale
A post on X claimed that Binance is seeking to sell up its platform in light of increasing regulatory challenges. The rumors revealed that decentralized exchanges (DEX) appear to be gaining ground on the exchange, rendering Binance’s long-term commercial sustainability a problem. In addition, the increased movements of the exchange’s assets also caught the attention of investors. A notable reduction in the total Bitcoin holdings posed a problem. While this garnered steam, CZ as well as Yi He, the co-founders of the exchange dismissed the claims.
CZ, who was also the former CEO of Binance, promptly refuted rumors that the exchange was up for sale. He restated his well-known “4” slogan in his tweet. To put things in perspective, the number was first used in 2023. Following this, CZ has consistently used it to dispel false information about Binance and the larger cryptocurrency market.
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
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Along with CZ, in a recent tweet, Yi addressed the rumors and called them a competitive crisis public relations tactic. She pointed out that Binance and other trading platforms have reestablished their sustainability by establishing themselves as a validated business model in the cryptocurrency market.
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
What About the Reduction In Funds?
According to Binance, its cryptocurrency bags are still in one piece. It stated that the reserve balance shift was the result of a straightforward modification to its treasury accounting procedure. The exchange said, “(It is) simply an adjustment in the Binance treasury’s accounting process.”
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