{"id":13681,"date":"2025-02-18T13:49:28","date_gmt":"2025-02-18T13:49:28","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13681"},"modified":"2025-02-18T13:49:28","modified_gmt":"2025-02-18T13:49:28","slug":"binance-exec-shuts-down-rumors-crypto-exchange-not-up-for-sale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13681","title":{"rendered":"Binance Exec Shuts Down Rumors\u2014Crypto Exchange Not Up For Sale"},"content":{"rendered":"
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Recent allegations that the biggest cryptocurrency exchange in the world is for sale<\/a> have been rejected by Binance officials. Rumors circulating on social media about the exchange under negotiations for acquisition abound, however the company\u2019s leadership has refuted these claims.<\/p>\n

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\u6240\u4ee5\uff0c\u641e\u4e86\u534a\u5929\u662f\u5e01\u5b89\u8981\u5356\u6389\u4e86\uff1f\"\ud83e\udd23\"@cz_binance<\/a> @heyibinance<\/a> \u771f\u5047\uff1f pic.twitter.com\/BB6RfPk9bv<\/a><\/p>\n

\u2014 Cloak M (@CloakMK) February 17, 2025<\/a><\/p>\n<\/blockquote>\n

Leadership Rejects Sale Allegations<\/h2>\n

Former CEO and co-founder of Binance, Changpeng Zhao (CZ), explicitly addressed the rumors directly, making it clear that the exchange is not for sale<\/a>. His comment followed claims that internal reorganization and government pressure were driving the company toward a sale.<\/p>\n

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4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.\"\ud83d\ude02\"<\/p>\n

As a shareholder, Binance is not for sale.<\/p>\n

Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.\"\ud83e\udd37\u200d\u2642\ufe0f\"<\/p>\n

\u2014 CZ \"\ud83d\udd36\" BNB (@cz_binance) February 17, 2025<\/a><\/p>\n<\/blockquote>\n

Zhao rejected the rumors<\/a> in a social media post, labeling them as false and stressing that the crypto exchange is still dedicated to follow its expansion plan. Co-founder, He Yi, also refuted the allegations (in a tweet loosely translated from Chinese), reinforcing that the exchange has no plans for a sale. The executive also said that such assertions could be efforts by rivals trying to discredit the organization.<\/p>\n

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\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\"\ud83d\udc4e\"
\n\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

\u2014 Yi He (@heyibinance) February 17, 2025<\/a><\/p>\n<\/blockquote>\n

Company Eyes Strategic Partnerships Instead<\/h2>\n

Binance stays open to developing strategic alliances even though it is not selling. Through these partnerships, the company may be able to improve its regulatory compliance system, increase its global profile, and expand its product line. Already securing licenses in more than 21 countries, the company shows its dedication to keep a significant presence in the crypto market.<\/p>\n

<\/p>\n

Taking over in November 2023, CEO Richard Teng has focused on increasing compliance and openness. The exchange\u2019s user base under his direction has grown from 170 million to 240 million. The company\u2019s drive for compliance is perceived as a response to growing regulatory inquiry.<\/p>\n

Regulatory Challenges Persist<\/p>\n

The crypto exchange still has to negotiate legal obstacles, especially in the United States. A US federal judge recently paused the Securities and Exchange Commission lawsuit against the firm for 60 days.<\/p>\n

This postponement lets the new SEC task force focusing on cryptocurrencies to review its position on the matter.<\/p>\n

Market Response To The News<\/p>\n

Though the sale speculations caught the attention of the larger cryptocurrency market, Binance Coin (BNB) held steady.<\/a> BNB had dropped by about 0.04% in value to trade at $651 at the time of writing. The intraday low was $645, and the intraday high was $681.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Recent allegations that the biggest cryptocurrency exchange in the world is for sale have been rejected by Binance officials. Rumors circulating on social media about the exchange under negotiations for acquisition abound, however the company\u2019s leadership has refuted these claims. \u6240\u4ee5\uff0c\u641e\u4e86\u534a\u5929\u662f\u5e01\u5b89\u8981\u5356\u6389\u4e86\uff1f@cz_binance @heyibinance \u771f\u5047\uff1f pic.twitter.com\/BB6RfPk9bv \u2014 Cloak M (@CloakMK) February 17, 2025 Leadership Rejects Sale Allegations […]<\/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-13681","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\/13681","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=13681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}