{"id":827844,"date":"2025-02-18T08:11:52","date_gmt":"2025-02-18T14:11:52","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/18\/binance-is-not-for-sale-cz\/"},"modified":"2025-02-18T08:11:52","modified_gmt":"2025-02-18T14:11:52","slug":"binance-is-not-for-sale-cz","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/18\/binance-is-not-for-sale-cz\/","title":{"rendered":"Binance is not for sale: CZ"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/07\/1689870819306-75d33959-0f0e-431a-aeab-465cc193d1c3.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                            <\/div>\n<ul>\n<li><span>Rumours that crypto exchange Binance, the world\u2019s largest by trading volume, is for sale are just that \u2013 rumours.<\/span><\/li>\n<li><span>That\u2019s according to the latest details Binance co-founder Changpeng Zhao \u201cCZ\u201d. <\/span><\/li>\n<\/ul>\n<h2>Binance \u201cnot for sale\u201d<\/h2>\n<p><span>The former Binance CEO, and currently at the helm of YZi Labs, said speculation that the exchange was headed for sale are a result of FUD from \u201csome lowly self-perceived competitor in Asia.\u201d<\/span><\/p>\n<p><span>\u201cAs a shareholder, Binance is not for sale,\u201d CZ <\/span><a href=\"https:\/\/x.com\/cz_binance\/status\/1891454582871519714\" target=\"_blank\" rel=\"noopener\"><span>posted on X<\/span><\/a><span> on Monday, Feb. 17.\u00a0<\/span><\/p>\n<p><span>The remarks echo those of co-founder Yi He, who has also dismissed the circulating claims as started by a competitor. He added that as a company, <a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a> continually receives investment and cooperation requests from players across the industry.<\/span><\/p>\n<p><span>Yi, a 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 <a href=\"https:\/\/x.com\/heyibinance\/status\/1891410380536074582?s=46\" target=\"_blank\" rel=\"noopener\">noted<\/a>.<\/span><\/p>\n<p><span>\u201cTop investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range,\u201d Zhao added.<\/span><\/p>\n<p><span>CZ\u2019s comments follow notable speculation regarding the potential sale of the top CEX platform. <\/span><\/p>\n<p><span>Zhao himself stepped down as Binance CEO in 2023. He served a four-month prison sentence after a plea deal with US authorities, that saw the exchange agree a $4.3 billion settlement. The exchange is also still in a legal tussle with the SEC.<\/span><\/p>\n<p><span>Afte the latest rumours, the native BNB token that surged in the past week pared gains. However, with CZ, who is a shareholder at the company, adding to comments by He, price could see an upside.<\/span><\/p>\n<p><span>BNB price hovers around $673, flat in the past 24 hours and about 10% up over the past week.<\/span><\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-is-not-for-sale-cz\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Benson Toti<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rumours that crypto exchange Binance, the world\u2019s largest by trading volume, is for sale are just that \u2013 rumours. That\u2019s according to the latest details Binance co-founder Changpeng Zhao \u201cCZ\u201d. Binance \u201cnot for sale\u201d The former Binance CEO, and currently at the helm of YZi Labs, said speculation that the exchange was headed for sale<\/p>\n","protected":false},"author":1,"featured_media":827845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22426],"tags":[],"class_list":{"0":"post-827844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-binance"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=827844"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/827845"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=827844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=827844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=827844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}