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’s leadership has refuted these claims.
所以，搞了半天是币安要卖掉了？🤣@cz_binance @heyibinance 真假？ pic.twitter.com/BB6RfPk9bv
— Cloak M (@CloakMK) February 17, 2025
Leadership Rejects Sale Allegations
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. His comment followed claims that internal reorganization and government pressure were driving the company toward a 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
Zhao rejected the rumors 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.
所以友商的危机公关策略就是批量买稿造币安的谣转移注意力？👎
自比特币价格突破新高，交易平台作为生态验证成立的商业模型，按照投资的头部原则，每个月都会有机构来问币安是否接受投资和合作，我们不排除引入战略合作伙伴，也开放并购，如果有其他交易平台有出售计划欢迎联系。— Yi He (@heyibinance) February 17, 2025
Company Eyes Strategic Partnerships Instead
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.
BNBUSD trading at $651 on the 24-hour chart: TradingView.com
Taking over in November 2023, CEO Richard Teng has focused on increasing compliance and openness. The exchange’s user base under his direction has grown from 170 million to 240 million. The company’s drive for compliance is perceived as a response to growing regulatory inquiry.
Regulatory Challenges Persist
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.
This postponement lets the new SEC task force focusing on cryptocurrencies to review its position on the matter.
Market Response To The News
Though the sale speculations caught the attention of the larger cryptocurrency market, Binance Coin (BNB) held steady. 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.
Featured image from Gemini Imagen, chart from TradingView
