Binance CEO Changpeng Zhao and co-founder He Yi have dismissed rumors suggesting the world’s largest cryptocurrency exchange is up for sale. Both executives have publicly refuted the claims, asserting Binance is not seeking a buyer.
The origin of the speculation remains unclear, but Zhao believes a competitor in Asia is responsible for spreading the misinformation. Zhao initially addressed the rumors on X (formerly Twitter), firmly denying any intention to sell the company. The denial comes amidst Binance’s continued position as the leading crypto exchange, based on trading volume.
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