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Crypto News

Binance EXEC closes rumors – Crypto exchange is not for sale

Recent allegations that the largest exchange of cryptocurrencies in the world For sale It was rejected by Binance officials. Rumors revolving around social media about exchange in the context of negotiations for acquisitions, however, the company’s leadership has refuted these claims.

Driving rejects allegations

Former CEO and co -founder of Binance, Changpeng Zhao (CZ), explicitly eaten the rumors, which made it clear. The exchange is not for sale. He followed his comment that internal reorganization and government pressure was leading the company towards sale.

Chao Reject In a post on social media, he described it as wrong and confirms that the exchange of encryption is still devoted to following up its expansion plan. The co -founder, Yi, refuted the allegations (in a loose translation of the Chinese), enhancing that the stock exchange has no plans for sale. The CEO also said that such assurances could be the efforts made by competitors who are trying to discredit the organization.

The company’s eye strategy partnerships instead

Binance remains open to developing strategic alliances although it is not sold. Through these partnerships, the company may be able to improve the regulatory compliance system, increase its global profile, and expand its production line. Ensure licenses already in more than 21 countries, the company shows its dedication to maintaining a large presence in the encryption market.

BNBUSD trading at $651 on the 24-hour chart: TradingView.com

In November 2023, CEO Richard Ting focused on increasing compliance and openness. The base of the exchange users under his supervision grew from 170 million to 240 million. The company’s campaign is seen to comply as in response to the increasing organizational inquiries.

Organizational challenges continue

The exchange of encryption should still negotiate legal obstacles, especially in the United States. An American federal judge recently arrested a lawsuit against the Securities and Stock Exchange Committee against the company for a period of 60 days.

This postponement provides the new SEC business that focuses on encrypted currencies to review its location in this regard.

The market response to the news

Although selling speculation caught the attention of the largest cryptocurrency market, Binance (BNB) is constant. BNB decreased by 0.04 % of the value of trading at $ 651 at the time of writing this report. The lowest level of the day was $ 645, and the highest level in the day was $ 681.

Distinctive image from Gemini Imagen, the tradingvief chart

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