Binance has dismissed rumors that it’s up for sale, following speculation fueled by competitor-driven reports.
On February 17, Binance co-founder CZ (Changpeng Zhao) took to X to shut down claims that the company was looking for buyers.
CZ Dismisses Binance Sale Rumors, Calls It Competitor FUD
“Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale. As a shareholder, Binance is not for sale,” CZ wrote. He clarified that while major investors frequently show interest in Binance, the exchange is not selling. However, he hinted at the possibility of allowing small-scale investments in the “single-digit percentage range” over time.
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
The exchange’s co-founder Yi He echoed this stance, calling out what she described as a smear campaign by a rival exchange. “So, the competitor’s crisis PR strategy is to mass-buy articles to spread rumors about Binance to divert attention?” she wrote. She emphasized that the trading platform remains strong and continues to attract interest from institutional investors.
Binance Eyes Mergers and Acquisitions
While denying the sale rumors, Yi He revealed that Binance is open to acquiring other exchanges. She noted that trading platforms have gained credibility as Bitcoin’s price continues to soar, making crypto exchanges a viable business model. According to her, Binance receives inquiries every month from institutions looking to invest or collaborate.
“If other trading platforms have plans to sell, please feel free to contact us,” she added, signaling that Binance is considering strategic partnerships and acquisitions rather than selling itself.
Source: X
Speculation Sparks from Binance’s Treasury Movements
The sale rumors gained traction after X user AB Kuai. Dong flagged a significant drop in Binance’s asset holdings on February 11. This sparked concerns about the exchange’s financial health. Furthermore, the sudden reduction in Bitcoin and other assets led some to speculate that Binance was liquidating assets ahead of a sale.
The exchange, however, swiftly denied any connection between the asset movement and a potential sale. The company explained that the transfers were merely part of a routine treasury adjustment rather than a sign of financial troubles.
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