Binance founder and former CEO Changpeng ‘CZ’ Zhao denied speculation that the crypto exchange is looking for a buyer but acknowledged that the company may consider selling a minority stake to investors in the future.
CZ responded in an online post made on 17th February after some speculators claimed that CZ was selling assets to prepare for a sale. He said the rumors were spread by competitors in Asia.
The statement was made by:
“Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.”
CZ, while rejecting the idea of a complete sale, indicated that Binance could eventually allow small external investors to purchase ownership stakes.
The CZ way
“Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.”
Binance’s co-founder Yi He commented as well, saying that the exchange receives frequent investor interest. It is also open to mergers and purchases. At this point, Binance has no intention of diluting its shares.
Sale rumors
Rumors about the sale began last week after users noticed sharp reductions in the exchange’s crypto holdings, which some believed to be sales of major assets like Bitcoin (BTC). This led to confusion and uncertainty in the community regarding the exchange’s financial health.
In response, Binance clarified that the asset movements were adjustments in the company’s treasury accounting process and not indicative of a sale or financial stability. Binance added that the company fully backs all assets on a 1:1 basis.
The speculation increased after a Chinese viral social media post reiterated that Binance planned a possible sale because of regulatory challenges and the shift to DEXs. It did not mention a specific buyer.
Despite regulatory and legal pressures, Binance remains the world’s largest crypto exchange by trading volume, processing billions of dollars in transactions daily. However, other CEXs are gaining in popularity.
Some analysts suggest that Binance’s openness to minority stake sales may reflect a broader strategy to reinforce its financial position while maintaining operational independence.
Binance’s ownership has always been private, and CZ holds a large stake. The prospect of outside investment could mark a strategic shift, potentially giving institutional players a foothold in the world’s most influential crypto exchange.
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