Binance to Sell? Founder He Yi Addresses Rumors: Competitors are Stirring, Welcoming Acquisition Offers
Recently, rumors circulated on social media that Binance, the world’s largest cryptocurrency exchange, had been sold. Today (February 17), co-founder He Yi once again stepped forward to clarify, asserting that this was a deliberate rumor spread by competitors.
He Yi stated, “Is the crisis management strategy of our competitors to fabricate rumors about Binance to divert attention? Since the price of Bitcoin has reached new highs, trading platforms, as a validated business model in the ecosystem, have institutions inquiring each month whether Binance is open to investment and collaboration. We do not rule out bringing in strategic partners and are open to mergers and acquisitions. If other trading platforms have plans to sell, we welcome them to reach out.”
He Yi’s remarks indicate that Binance indeed receives frequent inquiries from institutions regarding investments and partnerships and maintains an open attitude toward mergers and acquisitions, but there is no news of any sale. She also pointed the finger at other operators regarding this rumor, believing it to be a tactic to shift market focus during a public relations crisis.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices may fluctuate dramatically. You may lose all your principal. Please assess the risks carefully.
