Binance Not for Sale—CZ and Yi He Deny Rumors of Acquisition

Former Binance CEO Changpeng “CZ” Zhao and co-founder Yi He have denied circulating rumors that Binance is being sold, calling them baseless speculation spread by competitors.

Yi He dismissed claims that Binance was in acquisition talks, stating that some news outlets were paid to spread false information in an attempt to divert market attention, especially after Bitcoin hit a new all-time high.

CZ also weighed in, making it clear that “Binance is not for sale.”

Yi He: Binance Open to Mergers, But Not Selling

In a recent X post, Yi He addressed the crypto community’s speculation, stating:

“Every month, institutions approach Binance about investments and partnerships. While we remain open to mergers and acquisitions, Binance is not for sale.”

She accused smaller competitors of fabricating rumors to manipulate public perception.

Yi He also clarified that Binance remains open to acquiring other trading platforms that may be looking to sell.

Rumors Claim Binance Will Be Sold to a Decentralized Exchange

An article excerpt circulating on X suggests Binance will be sold to a decentralized exchange (DEX), citing claims that the centralized exchange “cannot maintain its upward trend.”

However, no source has confirmed which DEX is allegedly involved in the purchase.

Yi He responded directly to these speculations, reiterating Binance’s strong position and encouraging platforms looking to sell to reach out for acquisition discussions.

“If there are other trading platforms with sales plans, please feel free to contact us,” Yi He stated.

Legal Updates: Binance and SEC Agree to 60-Day Pause

On Feb. 11, U.S. Judge Amy Berman Jackson approved a 60-day pause in Binance’s legal battle with the SEC, allowing time for potential settlement discussions.

The SEC’s Crypto Task Force could play a role in resolving the case, according to court filings.

Meanwhile, Binance continues internal audits, with over 120 investigations leading to 60 employee terminations for violating company policies.

Binance also faces two ongoing lawsuits and regulatory prosecutions, adding further scrutiny to the exchange.

Conclusion: Binance Remains Strong Despite Market Rumors

Binance co-founder Yi He and former CEO CZ deny rumors of a sale, calling them market manipulation.
The exchange remains open to strategic partnerships and acquisitions but is not for sale.
Speculation about Binance’s acquisition by a DEX remains unverified.
Binance’s legal battle with the SEC is on hold for 60 days as discussions continue.
The exchange continues to conduct internal audits, ensuring compliance with regulations.

With Binance remaining the largest crypto exchange globally, will these rumors impact its market standing?