Former Binance CEO Changpeng Zhao (CZ) dismissed rumors about a potential sale of the cryptocurrency exchange in a post on social media platform X on Feb. 17. Zhao addressed speculation circulating in Asia, calling it FUD (fear, uncertainty, and doubt) spread by a perceived competitor. He stated: “Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.”

Zhao clarified that Binance is not available for purchase, emphasizing: As a shareholder, Binance is not for sale.” However, he acknowledged that investors have consistently shown interest in the company. While rejecting the notion of a complete acquisition, he left open the possibility of limited investments, stating:

Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range.

His remarks suggest that while Binance could see partial external investment, a full sale is not being considered. The statements come amid ongoing regulatory challenges and market speculation about Binance’s future. Zhao stepped down as CEO in 2023 as part of a settlement with U.S. authorities but remains a significant shareholder.

Meanwhile, Binance has been actively expanding its global footprint, securing regulatory approvals in 21 countries and growing its user base from 170 million to over 250 million. Despite this, the company has yet to establish a global headquarters due to tax and staffing complexities. It continues to face regulatory challenges, including a joint motion with the U.S. SEC to pause legal proceedings for 60 days to allow for potential regulatory clarity under the new U.S. administration. Looking ahead, Binance aims to reach 1 billion users while prioritizing compliance, regulatory transparency, and collaboration with law enforcement.

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