Binance Denies Sale Rumors!

Founders dismiss sale, hint future strategic moves

TLDR:

• Binance co-founders firmly deny any plans to sell the exchange.

• Routine treasury adjustments caused observed asset shifts.

• Future minority investments (under 10%) are on the table.

• Binance remains focused on acquisitions, not divestitures.

In a decisive rebuttal to circulating rumors, Binance co-founders Changpeng Zhao (CZ) and Yi He have emphatically denied that the cryptocurrency giant is up for sale. Speaking on X, CZ attributed the unfounded claims to a “lowly self-perceived competitor in Asia” spreading misinformation, while also revealing that the exchange might consider small strategic investments in the future—limited to a single-digit percentage stake.

“The asset movements you saw were nothing more than routine treasury accounting adjustments,” CZ explained, clarifying that these shifts were not signs of a sale but standard financial management. “We’re not selling Binance,” he added, emphasizing the company’s commitment to maintaining its robust operational structure.

Yi He echoed this sentiment, noting that while Binance isn’t looking to be sold, it is open to exploring opportunities to acquire other exchanges. “Our interest lies in growing through smart acquisitions, not divestitures,” she said. “If an exchange is considering selling, we’re definitely interested in a conversation.”

The rumors gained traction after sharp reductions in Binance’s asset holdings were noticed, prompting speculation about the exchange’s financial stability. However, both co-founders were quick to debunk these notions, reiterating that user assets remain fully backed on a 1:1 basis.

This clarification comes amid heightened regulatory scrutiny. Binance is currently under investigation in France over alleged money laundering and tax fraud, and its case with the U.S. Securities and Exchange Commission has been paused for 60 days. The backdrop of these challenges, coupled with recent social media posts hinting at a potential sale due to regulatory pressures, only amplified the need for a clear statement from Binance’s leadership.

CZ’s candid remarks on X and Yi He’s firm stance have done much to quell the speculation. Their openness to future minority investments could signal a strategic shift—allowing top-tier investors a small ownership position—while preserving the exchange’s core identity. Yet, for now, Binance remains firmly in control of its destiny, focused on internal growth and selective acquisitions rather than a complete sell-off.

photo / Blockonome