{"id":13653,"date":"2025-02-18T11:17:08","date_gmt":"2025-02-18T11:17:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13653"},"modified":"2025-02-18T11:17:08","modified_gmt":"2025-02-18T11:17:08","slug":"is-binance-for-sale-cz-says-no-mulls-small-stake-investments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13653","title":{"rendered":"Is Binance For Sale? CZ Says No \u2013 Mulls Small Stake Investments"},"content":{"rendered":"<div>\n<p>Is Binance For Sale? Amid widespread speculation that the world\u2019s largest CEX is for sale, Binance Founder Changpeng Zhao (CZ) says No.<\/p>\n<p><span data-preserver-spaces=\"true\">Binance is the world\u2019s largest crypto exchange, far surpassing Coinbase, Bitget, and even one of the oldest, Bitstamp, as trading volume, among other metrics, shows. Last year alone, they <\/span><a class=\"general-link\" href=\"https:\/\/public.bnbstatic.com\/reports\/2024_EOY_Report.pdf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">onboarded<\/span><\/a><span data-preserver-spaces=\"true\"> over 50 million users in six months, pushing their total client base to over 250 million. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As crypto prices roared, so did the exchange\u2019s revenue. In its report, the exchange said it received inflows exceeding $30 billion in 2024.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Binance CEO CZ Says Binance Is Not For Sale<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Looking at the numbers, it was obvious that any report of Binance being acquired or selling equity would make news. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Yesterday, on February 17, rumors began <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/CloakMK\/status\/1891386468318261286\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">spreading<\/span><\/a><span data-preserver-spaces=\"true\"> that Binance was up for sale to an unnamed DEX\u2014not a venture capital firm or a billionaire\u2014due to \u201coperational malfunction.\u201d <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These unsubstantiated claims were immediately quashed by Yi He, Binance\u2019s co-founder, and Changpeng Zhao, the exchange\u2019s co-founder, who controls 90% of the platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He refuted the rumors spreading on X. He acknowledged that Binance often engages in discussions with institutional investors, but they had no plans to sell the company.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"zh\" dir=\"ltr\">\u6240\u4ee5\u53cb\u5546\u7684\u5371\u673a\u516c\u5173\u7b56\u7565\u5c31\u662f\u6279\u91cf\u4e70\u7a3f\u9020\u5e01\u5b89\u7684\u8c23\u8f6c\u79fb\u6ce8\u610f\u529b\uff1f<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f44e.png\" alt=\"\ud83d\udc4e\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><br \/>\u81ea\u6bd4\u7279\u5e01\u4ef7\u683c\u7a81\u7834\u65b0\u9ad8\uff0c\u4ea4\u6613\u5e73\u53f0\u4f5c\u4e3a\u751f\u6001\u9a8c\u8bc1\u6210\u7acb\u7684\u5546\u4e1a\u6a21\u578b\uff0c\u6309\u7167\u6295\u8d44\u7684\u5934\u90e8\u539f\u5219\uff0c\u6bcf\u4e2a\u6708\u90fd\u4f1a\u6709\u673a\u6784\u6765\u95ee\u5e01\u5b89\u662f\u5426\u63a5\u53d7\u6295\u8d44\u548c\u5408\u4f5c\uff0c\u6211\u4eec\u4e0d\u6392\u9664\u5f15\u5165\u6218\u7565\u5408\u4f5c\u4f19\u4f34\uff0c\u4e5f\u5f00\u653e\u5e76\u8d2d\uff0c\u5982\u679c\u6709\u5176\u4ed6\u4ea4\u6613\u5e73\u53f0\u6709\u51fa\u552e\u8ba1\u5212\u6b22\u8fce\u8054\u7cfb\u3002<\/p>\n<p>\u2014 Yi He (@heyibinance) <a href=\"https:\/\/twitter.com\/heyibinance\/status\/1891410380536074582?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The co-founder added that\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">their business model has been validated as viable after crypto prices began soaring, with Bitcoin,\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/is-the-solana-casino-finally-over-pump-fun-volumes-plummet-as-retail-eye-alt-season-bullrun-best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a>, and multiple other altcoins breaking all-time highs<\/span>. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Accordingly, He revealed that investors continue to ask if Binance accepts investment and cooperation. While they continue to seek strategic partnerships, they are not actively seeking a buyer. However, if exchanges are selling, Binance can acquire them.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Echoing Yi\u2019s comments, the former CEO, Zhao, said the rumors were spreading by \u201csmall-scale competitors in Asia.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> Though not actively involved in Binance after the settlement deal with United States authorities in late 2023, Zhao went on to reinforce his colleague\u2019s position, saying the exchange was not for sale.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f602.png\" alt=\"\ud83d\ude02\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>As a shareholder, Binance is not for sale.<\/p>\n<p>Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f937-200d-2642-fe0f.png\" alt=\"\ud83e\udd37\u200d\u2642\ufe0f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>\u2014 CZ <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f536.png\" alt=\"\ud83d\udd36\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1891454582871519714?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Still, it has not been confirmed what motivated the rumor or whether Zhao might be willing to sell some equity. Zhao is the majority holder. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a past <\/span><a class=\"general-link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-07\/-the-king-is-back-binance-billionaire-cz-plots-life-after-prison\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">interview<\/span><\/a><span data-preserver-spaces=\"true\"> after being released from prison, he said the company may allow some investments of up to 9%. A full sale, he clarified, was not on the table.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Binance is Overcoming its Legal Challenges<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Binance successfully managed to navigate through an eye of a storm in 2022 after the collapse of FTX. The United States Securities and Exchange Commission (SEC) sued, claiming the exchange was actively manipulating prices and alleging it was misleading investors about its trade monitoring systems.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Forced to close shops in the United States and pay $4.3 billion as a settlement with the United States Department of Justice (DoJ) for, among others, violating the Bank Secrecy Act (BSA).<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Crypto platform Binance to pay $4 billion in plea arrangement with DOJ\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/GZByhKnrzU4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Zhao, who pleaded guilty to not implementing an effective anti-money laundering (AML) program as stipulated under the BSA, was also forced to step down as CEO and was sent to prison for four months.<\/span><\/p>\n<p><strong>DISCOVER:<\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/pr-news\/what-is-wall-street-pepe-new-meme-coin-wepe-smashes-50m-mcap-on-launch\/\" target=\"_blank\" rel=\"noopener\">What is Wall Street Pepe? New Meme Coin WEPE Smashes $50M MCap On Launch<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Binance Is Not For Sale<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Rumors spread that Binance was being sold to a DEX    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Co-founders refute rumors, saying they are willing to buy other exchanges     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Binance now has over 250 million users     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/is-binance-for-sale-cz-says-no-mulls-small-stake-investments\/\">Is Binance For Sale? CZ Says No \u2013 Mulls Small Stake Investments<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Is Binance For Sale? Amid widespread speculation that the world\u2019s largest CEX is for sale, Binance Founder Changpeng Zhao (CZ) says No. Binance is the world\u2019s largest crypto exchange, far surpassing Coinbase, Bitget, and even one of the oldest, Bitstamp, as trading volume, among other metrics, shows. Last year alone, they onboarded over 50 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13653","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13653"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13653\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}