Recently, rumors have circulated on social media that Binance, the world’s largest cryptocurrency exchange, has been sold. On February 17th, co-founder He Yi stepped forward to clarify, believing that these rumors were deliberately spread by competitors.
He Yi stated, “So the crisis management strategy of our competitors is to buy articles in bulk to divert attention from Binance? Since the price of Bitcoin has hit a new high, as a business model established through ecological validation, investment inquiries from institutions have been coming to Binance every month, asking whether we accept investments and collaborations. We do not rule out the introduction of strategic partners and are open to mergers and acquisitions. If other exchanges have plans to sell, we welcome them to reach out.”
He Yi’s remarks indicate that Binance is indeed receiving frequent inquiries from institutions regarding investments and collaborations, and maintains an open attitude towards mergers and acquisitions, but there is no news about a sale. She pointed out that the rumors are aimed at other companies, believing it to be a way for them to shift market focus during a public relations crisis.
Risk Warning
Cryptocurrency investments carry a high level of risk, and prices may fluctuate wildly, potentially resulting in the loss of your entire principal. Please assess risks cautiously.