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Binance Co-founder He Yi Denies Rumor About Exchange Being Sold

2 mins mins
Binance Co-founder He Yi Denies Rumor About Exchange Being Sold

Key Points:

  • Binance co-founder He Yi dismissed rumours that the exchange is about to be sold, calling them baseless.
  • According to He Yi, the exchange continues to receive regular inquiries from institutions about potential investments and partnerships.

Binance co-founder He Yi has dismissed recent rumours suggesting the cryptocurrency exchange is about to be sold and called them baseless claims spread by competitors.

Read more: Binance and SEC Agree to 60-Day Legal Pause for Negotiations 

Binance Co-founder Denies Sale Rumors, Open to Strategic Partnerships

The rumours, which emerged from a tweet by user @CloakMK, implied that Binance could no longer sustain its growth due to policy issues and the struggle of Eastern-based companies to gain recognition in the West.

He Yi clarified that Binance regularly engages in negotiations with institutions for potential investments and partnerships.

While there is no immediate plan to sell the company, He Yi did not rule out the possibility of strategic partnerships or acquisitions with openness to collaborating with other exchanges or companies interested in joining forces.

“We are open to mergers and acquisitions,” said the Binance co-founder.

The statement comes as Binance continues to thrive despite recent market volatility. According to He Yi, the exchange is actively seeking ways to expand its presence in the market.

CZ’s Meme Coin Frenzy Sparks Concerns

Meanwhile, another Binance co-founder, Changpeng Zhao (CZ), recently caused a stir in the crypto community with a seemingly innocuous post featuring his dog, Broccoli. The post led to a dramatic surge in BNB trading volume and sparked the rise of meme coins related to the dog, though most of these tokens have since lost value.

While CZ’s influence in the meme coin space has raised some concerns, especially after he inadvertently inflated the price of an experimental token, he has since criticized the speculative nature of such assets.

Recently, the process of listing tokens on Binance has caused a lot of controversy. In addition to the issues related to the listing process, the exchange is also facing rumours of selling a large number of assets, causing a decrease in user confidence.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of John Kojo Kumi

John Kojo Kumi

17 February 2025, 10:31:30 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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