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- 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.
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.😂
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
Still, Binance is not without challenges. As mentioned in our previous news brief, the exchange is under investigation by a Spanish court for alleged misappropriation of funds dating back to 2021. In addition, French authorities have accused Binance of tax fraud, illicit operations, and money laundering between 2019 and 2024.
What Binance is Up to
The speculations about Binance sales come on the heels of several expansion efforts by the crypto exchange. In our last update, CNF examined how Binance revamped its shares token information, adding unlock schedules into market capitalization and circulating supply data.
The update allows Binance to collect token unlock details directly from listed projects. This ensures a more comprehensive view of market data, allowing users to make more informed trading decisions.
In addition to this update, Binance recently integrated Dogecoin (DOGE), Litecoin (LTC), and ChainGPT (CGPT) into its lending system. As we covered in our latest report, this integration allows users to use DOGE and LTC as collateral on the Fixed Rate Loan platform.
Also, CGPT joined the VIP Loan platform as a loanable asset. These updates expand Binance’s functionalities, opening up diversified lending options for users.
Across Europe, Binance’s blockchain-based payment solution, Binance Pay, partnered with the blockchain payment provider xMoney. As explained in our last analysis, this partnership expands Binance Pay’s global merchant network to over 32,000 businesses.
