Binance Co-Founder Denies Rumors of Possible Sale of Crypto Exchange
Date: 2025-02-18 Author: Henry Casey Categories: BUSINESS
Binance co-founder He Yi has denied information about a possible sale of the crypto exchange, stating that the rumors are part of a competitive strategy and are not true.
Recently, the media reported that Binance is allegedly negotiating a sale with large investment funds, in particular with BlackRock. However, He Yi clarified that the company regularly interacts with various funds and receives partnership offers, which is a common practice in the financial world.
“We are indeed open to strategic partnerships, mergers and acquisitions, but this does not mean that Binance is up for sale,” she wrote on the X social network.
He Yi also emphasized that the spread of such rumors could be a targeted strategy of competitors. In her opinion, some companies are deliberately buying up publications and spreading misinformation to undermine investor confidence and weaken Binance's position in the market.
As the head of marketing and brand strategy for the exchange, He Yi noted that Binance's dominant position in the industry inevitably attracts close attention from the public and competitors.
It is worth noting that Binance and the US Securities and Exchange Commission (SEC) recently filed a joint motion to stay the litigation for 60 days, which was also an important development in the current legal situation around the exchange.
